Quicken Loans Mortgage Services and Calyx Software are rolling out a loan origination system for third-party originators that work with the Detroit-based mortgage company.

Dubbed the "Quicken Loans Origination System," or QLOS, the software is essentially a version of Calyx's Point LOS that comes preconfigured with tools for Quicken's TPO partners, especially financial institutions that are just entering or re-entering the mortgage space. It also may be used to ease the transition for institutions that previously have been selling or brokering loans to another mortgage company.

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