Quicken Loans CEO Says Largest Mortgage Firm Has Record Volume
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Quicken Loans, the largest U.S. mortgage issuer, is processing a record volume of applications even as the coronavirus disrupts the economy and work environment, according to Chief Executive Officer Jay Farner.
“March will be the largest closing month in our company’s history and we imagine April will be even bigger,” Farner said in a telephone interview from his suburban Detroit home, where he is working remotely, like about 98% of Quicken’s 18,000 employees.