Quicken Loans

Quicken Loans is America's leading online lender and one of the largest home loan lenders in the United States.

Challenge

Quicken Loans needed to increase operational efficiencies to accommodate for rapid business growth.

Solution

Using Progress OpenEdge, Quicken Loans developed an integrated sales and marketing application to automate and streamline the loan origination process.


Industry:	Financial Services
Region:	North America
Products:	Fathom, WebSpeed, OpenEdge Database

Results

Increased productivity and improved revenue: The Company realized triple-digit growth percentages in employee count, revenues, and closed loan volumes.
Reliability: The 24/7 system has maintained 100% uptime performance despite a substantial rise in volume.
Improved efficiency: Quicken Loans has driven down the time to process and close a loan by nearly 60%.The company increases operational efficiency by an estimated 25% annually through the use of information technology.

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"Before LOLA, the call center bankers would manually manage leads in quite literally hundreds of different ways. But now they have a common dashboard. More importantly, managers have insight into each bankers' activity in real-time so they can measure productivity and take the steps necessary to increase close ratios."
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View the Website at:
www.quickenloans.com

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Progress Software Corporation supplies business application platform, soa infrastructure and data infrastructure software that simplifies and accelerates the development, deployment, integration and management of business applications and Service-Oriented Architecture (SOA). Our superior business application platforms include Progress OpenEdge for high performance SOA integration and software as a service (SaaS), and Progress Apama for complex event processing. Our innovative event-driven SOA infrastructure solutions include Progress Sonic Enterprise Service Bus (ESB), Progress DataXtend semantic data integration, Progress Actional SOA management and SOA governance, and DataDirect data connectivity for mainframe SOA and web services. Our data infrastructure products include DataDirect Connect for database driver and data provider connections to relational databases and XML data integration, and ObjectStore object data management.

Progress OpenEdge® is a business application platform for the rapid development, deployment and management of business applications that are standards-based and service-oriented. Our state of art business applications provides maximum architectural flexibility, easiest development of SOA enabled applications and SaaS optimized applications. With OpenEdge there is platform independence and future proof and backward compatibility. OpenEdge partners with vertical application partners for the best logistics, retail, ERP, manufacturing and healthcare business applications. Develop quickly with OpenEdge Reference Architecture. Deploy empowering and high performance transactional applications. The all in one development environment makes OpenEdge the platform of choice. Select OpenEdge for large scale data management of critical business applications. OpenEdge is the leading embedded database.