Quicken Loans, based in Detroit, Michigan, is the leading online retail mortgage lending company in the United States. In fact, Quicken is the largest retail mortgage lender in the country, and has closed almost $500 billion in mortgage volume from 2013 to 2018. 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, and 5/1 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 Amrock (formerly Title Source), employ over 17,000 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 help rebuild the city through Rock Ventures, the parent company of Quicken Loans and its sister companies.
You may be familiar with the commercials for Rocket Mortgage. Rocket Mortgage is owned by Quicken Loans, and it calls itself the first mortgage experience that is completely online. This is useful for those who want to handle their mortgage on their own time; your mortgage application can be accessed online anytime of the day or night.
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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