#United States #Madison #First Federal Bank #lending solutions #QRL Financial Services

Celebrating Two Decades of Innovation in Lending Solutions

This November, QRL Financial Services, a proud subsidiary of First Federal Bank, celebrates its 20th anniversary. Since its inception in 2005, QRL has been on a mission to empower community banks and credit unions, providing them with unique solutions tailored to enhance their lending operations. The company's success can be attributed to its independence while being part of a larger banking institution, allowing it to maintain a laser focus on meeting the specific needs of its clients without unnecessary overhead costs or complexity.

A Legacy of Support and Adaptability

Over the last two decades, QRL has cemented its reputation in the financial services sector, becoming a trusted partner for institutions across the United States. The company's approach to lending emphasizes collaboration and operational efficiency, enabling its partners to provide extensive lending solutions without the burden of hiring additional staff or navigating new technology infrastructures.

Patrick Blawat, Director of Lending at QRL, underscores the company's philosophy: “We don’t just offer tools—we become an extension of our clients’ mortgage and lending operations. This anniversary is not only a milestone for QRL, but a celebration of our dedicated team who drive our mission forward.”

Comprehensive Lending Solutions

QRL Financial Services operates as a direct seller and servicer for major agencies like Fannie Mae, Freddie Mac, and Ginnie Mae, allowing it to handle all aspects of the loan lifecycle from origination to servicing. With its recent launch of a state-of-the-art lending platform designed for third-party lenders, QRL distinguishes itself as a pioneer in the industry with fully integrated, customizable solutions.

The company highlights several core strengths that set it apart:

• - Streamlined Operations: Achieving average underwriting decisions within 24 to 48 hours ensures a swift turnaround for clients.
• - Faster Closings: QRL prides itself on average closing times of 30 days or less across its loan products.
• - Flexible Partnership Models: Institutions can choose the staffing, cost, and technology arrangements that best suit their needs.
• - A Full Product Range: Offering both conventional and government mortgage products across all states adds to its versatility.
• - Client-first Philosophy: By allowing partner institutions to maintain customer relationships, QRL avoids cross-marketing to borrowers, preserving the integrity of its partnerships.

Looking Ahead: Future Goals

As QRL Financial Services reflects on its past, it also looks forward to the future with ambitious plans. Key initiatives for the upcoming years include:
1. Investment in Technology: With a continued focus on improving technology and digital experiences, QRL aims to enhance services for lenders and borrowers alike.
2. Expanding Capacity: The company intends to support more financial institutions, enabling them to scale without increasing their staffing needs.
3. Strengthening Partnerships: QRL aims to deepen collaboration with credit unions and community banks, particularly in underserved markets, to promote homeownership.
4. Enhancing Employee Engagement: By fostering a culture of innovation and service, QRL plans to invest in training and development for its team.

John Medina, the President and CEO of QRL, expressed gratitude towards its partners: “We’re honored that so many local banks and credit unions have trusted us to partner in their mortgage and lending operations over these last 20 years. That trust propels us forward as we continue to refine and expand our capabilities.”

About QRL Financial Services

QRL Financial Services offers a robust suite of mortgage processing, underwriting, fulfillment, and servicing solutions tailored to empower financial institutions. As a direct seller/servicer for major housing agencies, QRL maintains servicing on all originated loans, ensuring institutions can extend their lending capabilities without additional investments in infrastructure.

To learn more about QRL Financial Services’s journey and partnership opportunities, visit qrlfinancial.com. Remember, this information is intended for mortgage and real estate professionals only, and not for consumer use. All loans are subject to credit and property approval, and terms may vary.

Contact Information

If you would like more information regarding QRL's 20th anniversary or its lending services, do not hesitate to reach out:

• - QRL Financial Services

801 Deming Way,
Madison, WI
Phone: 888-766-4734

This two-decade celebration marks not only the achievements of QRL Financial Services but also a commitment to continue fostering growth in the lending industry through innovative, client-focused solutions.