Quicken Loans is a private mortgage lending company that is based in the financial district of Detroit, Michigan. The company is one of the largest retail mortgage lenders in the world and the very largest in the US. While other large mortgage lenders require deposits, Quicken Loans is able to streamline this process by using wholesale funding. Today, the business employs 24,000 individuals across the US who fulfill a wide range of duties. Employment opportunities include data management, marketing, sales, customer service, risk analysis and many others.
Quicken Loans was previously known as Rock Financial and was founded in 1985 by Dan Gilbert, Gary Gilbert, and Ron Berman. The name was officially changed to Rock Financial Corp in 1987. By 1998, the company had reached 50 employees and would begin its initial public offering. In 1999, the growing business was purchased by Rock Financial Corp at a cost of $532M. It was at this point that it was renamed as Quicken Loans.
Quicken Loans launched Rocket Mortgage, one of the first fully online mortgage lenders, in 2016. And, as of 2018, Quicken Loans has become America's largest mortgage lender.
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