Quicken Loans, based in Detroit, Michigan, is the leading online retail mortgage lending company in the United States. In fact, Quicken is the second largest retail mortgage lender in the country, and has closed almost $300 billion in mortgage volume from 2013 to 2016. Quicken Loans offers mortgage rates for many types of loans to credit worthy borrowers. Quicken Loans offers competitive interest rates on 30 Year Fixed, 15yr Fixed, 5/1, 7/1 ARMs as well as VA Loans.
The company's history dates back to 1985, when Dan Gilbert and Ron Berman founded Rock Financial Mortgage. In 1998, Rock Financial had its Initial Public Offering (IPO), and Intuit bought the company in 1999 and renamed it Quicken Loans. Dan Gilbert and a group of investors bought Quicken Loans back in 2002, and though it is no longer associated with Intuit's Quicken brand, the company is allowed to operate under that name. Today, Quicken Loans and its sister companies, One Reverse Mortgage and Title Source, employ over 16,000 people.
Although Quicken Loans is a national company with a well-known brand, it remains strongly committed to Detroit, Michigan. The company's owner, Dan Gilbert, has taken many steps to held rebuild the city through Rock Ventures, the parent company of Quicken Loans and its sister companies.
Unlike most other large lenders that originate volume from brick and mortar locations, Quicken Loans primarily relies on business that it generates from the Internet, television, and radio advertising.
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