MReport March 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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M R EP O RT | 43 Top 25 Fintech Innovators HEADQUARTERS LOCATION: Detroit PHONE: 844.YES.QLMS WEBSITE: HEADQUARTERS LOCATION: Philadelphia, Pennsylvania PHONE: 800.523.1988 WEBSITE: Quicken Loans Mortgage Services Radian COMPANY DESCRIPTION: Quicken Loans Mortgage Services (QLMS), is a division of Quicken Loans that works exclusively with mortgage brokers, community banks and credit unions. QLMS partners provide incredible service to their clients, while tapping into the expertise, technology and award- winning process from Quicken Loans. The partner loan officer creates, and maintains, the relationship with the client. Quicken Loans ap- proves, underwrites, processes and closes the loan in its name. QLMS has recently experienced massive growth. In 2019, QLMS closed more loan volume than in the previous five years combined. This has led to the lender's offices in Charlotte and Detroit growing substantially. QLMS' Charlotte office has been named one of the city's best places to work by the Charlotte Business Journal for seven straight years, 2013 through 2019. INNOVATION SPOTLIGHT: • "The Answer"— a proprietary questionnaire-based algorithm, gives clarity to difficult and uncertain mortgage questions. This interac- tive platform takes all of the investor guides, state laws, policies and systems into smart question-and-answer format. Brokers can use this incredible tool to keep tabs on ever-changing guidelines, finding the right loan for each client. COMPETITIVE ADVANTAGE: Have you ever had a mortgage qualification question that you wished you could just ask Alexa or Siri about and instantly get the solution? That's what QLMS provides with "The Answer." This tech tool is like having an underwriter sitting in your office at all times. You can ask it things like "What are the required waiting periods following the discharge or dismissal of a bankruptcy?" and get an instant answer 24/7/365. The response from the industry has been overwhelming, with "The Answer" being one of QLMS' most used tools. Not only can you get an instant answer to questions like this, but you can get your clients approved quicker and focus on what matters most—growing your business. COMPANY DESCRIPTION: Radian is ensuring the American Dream of homeownership responsibly and sustainably through products and services that include industry- leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. Radian is driven to deliver new and better ways to transact and manage risk by offering a wide range of resources across mortgage and real estate services, powered by data, analytics and insights. INNOVATION SPOTLIGHT: • Radian Home Price Index— Based upon proprietary valuation modeling which leverages multiple advanced methodologies, and driven by artificial intelligence and machine learning, the Radian Home Price Index (HPI) is powered by one of the largest reposi- tories of real estate data in the country. The Radian HPI evaluates nearly 70 million individual properties every month, including non-disclosure and rural areas, offering a more granular view on patterns and trends in the U.S. housing market. Accessible via a cloud-based data visualization platform, the Radian HPI provides monthly updates to more than 100,000 unique indices, each cre- ated from the intersection of property attributes and geography- -across nine different geographic dimensions from the national level down to zip codes. COMPETITIVE ADVANTAGE: The Radian Home Price Index, provided by Red Bell Real Estate, LLC, a Radian company, has proven to be highly useful for a wide variety of housing market participants in contexts including portfolio valuation, home price forecasting, retroactive valuation, market research, micro- market analysis, quality control and risk management, and economet- ric modeling. Additionally, with Radian's highly flexible engine, custom index creation and portfolio surveillance have never been easier. Based on data that comprehensively captures the housing market The Radian HPI provides timely information that allows consumers, busi- nesses and government entities to analyze housing markets at micro- market levels without sacrificing stability or accuracy.

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