Plus, Quicken Loans beat Wells in overall mortgage fundings for Q1 2020 ($61.7 billion vs. In 2019, Quicken Loans funded $145.8 billion in mortgages overall (per Inside Mortgage Finance), placing it second behind Wells Fargo’s $201.8 billion in overall funded volume.Īnd on IMF’s 2019 retail-only mortgage fundings list (which excludes certain sales channels), Quicken Loans funded $142.8 billion placing it above Wells Fargo’s $94.25 billion. Is Quicken Loans Seriously America’s Largest Mortgage Lender?
Part of the answer lies in the complexity of scale mortgage lending, which Quicken Loans mastered over the last 35 years. Now the question is whether they can meet customers’ lifelong budgeting, saving, borrowing, and investing needs. These and other fintech leaders have done a lot for how young they are.