Quicken Loans Closes $3.4 Billion in Loan Volume in September

Detroit-headquartered ""Quicken Loans Inc."":http://www.quickenloans.com, one of the nation's largest online mortgage lenders, reports it closed approximately 15,500 home loans totaling $3.4 billion in loan volume in September. It's the largest monthly closed volume in the company's 25-year history.

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September's production surpassed the previous record set just last month. Quicken Loan's saw nearly 14,000 closed loans and $3.15 billion in loan volume in August.

Quicken Loans processed nearly 75 percent of these loan closings in 28 business days or less, a closing time that leads the industry, according to a statement from the company.

""Our technology and process-driven home lending platform continues to separate itself from the entire industry with its unparalleled capacity, speed, geographic reach, and client experience,"" said Dan Gilbert, founder and chairman of Quicken Loans. ""I am proud of the entire organization and our 4,000-plus brainforce for achieving this amazing accomplishment.""

The company projects it will close more than $30 billion in home-loan volume this year, which is expected to surpass 2009's company record of $25 billion.