Company History:

Quicken Loans Inc. consists of the QuickenLoans.com online lending site, the Rock Financial brand in southeast Michigan, and Title Source Inc., a title and settlement services company. Quicken Loans is the exclusive home loan lender of Intuit, Inc., the makers of Quicken, Quick Books and Quicken TurboTax® and is focused on simplifying the home lending process.

• Founded by Dan Gilbert as Rock Financial Corp in 1985.
• Public on NASDAQ in 1998.
• Launched 50-state online lending site, Rockloans.com in Jan 1999.
• Rock Financial acquired by Intuit in Dec. 1999 and the name changed to Quicken Loans, Inc.
• In July 2002, Gilbert led a small group of investors in purchasing the company back from Intuit, retaining the Quicken Loans name in perpetuity. The company has been privately held since that time.
• Quicken Loans is the nation's leading online lender; the 12th largest retail mortgage lender in the U.S. (from more than 50,000 retail lenders); and Michigan's largest mortgage company.
• Named "Forbes Favorite" online mortgage site in 2001 and 2002.
• Named "Best of the Web" online mortgage site by Money, PC Magazines.
• Named "Metro-Detroit's Best and Brightest Company to Work For" in 2002, 2005, and 2007.
• First mortgage company to put electronic signatures into production in 2002.
• We've been ranked in the top 20 of FORTUNE Magazine's "100 Best Companies to Work For" in America for four consecutive years.
• Ranked #1 on Computerworld Magazine's list of the "100 Best Places to Work in Information Technology" for three years in a row in 2005, 2006 and 2007.
• Named to Crain's Detroit Business "Cool Places to Work" list.
• Quicken Loans Arena is home to the NBA's Cleveland Cavaliers.

Types of Loans:

Residential mortgage loans

Availability:

Originating, processing and closing loans online and offline in all 50 states

Volume:

Quicken Loans, Inc closed nearly $18 billion in home loan volume in 2006.

Employees:

Quicken Loans has more than 4,000 based in Livonia, Southfield, Farmington Hills, Auburn Hills and Troy, Michigan, Cleveland, Ohio and Scottsdale, Arizona.

What:

Quicken Loans Inc. is a consumer-focused, direct-to-consumer online mortgage site providing:

• Direct access to mortgage specialists. Seasoned lending professionals can answer any question you have via email, fax or phone from application to close.
• Instant real-time loan comparison. Provides apples-to-apples comparisons of mortgages and thousands of financing options.
• Personalized answers to financing questions. Use Quicken Loans' state-of-the art interactive tools to answer questions ranging from home affordability to credit health.
• Comprehensive home-financing education. Learn all there is to know about purchasing, refinancing or home equity loans and find the loan that fits your needs.
• Real-time loan status information. Find out immediately where your application stands on a real-time basis at any point in the mortgage process.

Why:

The online mortgage process offered by Quicken Loans saves time and money by:

• Allowing consumers to apply for a loan from the convenience of their own home, 24 hours a day/7 days a week.
• Eliminating paperwork, "middleman" steps associated with the traditional process.
• Using online pre-qualification to accelerate application process.
• Offering low rates, reduced fees, instant comparisons and real-time quotes.
• Providing immediate answers through personal consultation with a loan officer and interactive tools.
• Consolidating debts with a refinancing or home equity loan.
• Allowing users to check the status of their loan - day or night - from the convenience of their home or office.

Features:

• Quicken Loans pre-qualification interview provides apples-to-apples comparisons of mortgages selected from thousands of options and instant, pre-qualification letters.
• Quick Tips video explains the home financing process.
• Instant, printable pre-qualifications make consumers more attractive buyers.
• State-of-the-art Web Center houses seasoned loan professionals who expedite loan processing and provide excellent service.
• Home Equity loans help turn the value of a home into working capital.
• Easy Answer loans enable consumers with slightly blemished credit histories to move into lower interest conventional loans.
• Alternative loan options for consumers with "less than perfect credit."
• Purchase, Refinance and Home Equity educational centers offer expert guides, step-by-step instructions, and interactive tools.
• First-time Homebuyer program offers educational tools, dedicated 800 phone with staff able to answer questions.
• Free First-time Homebuyer Guide available online.
• Free Refinance Guide available online.
• New Web site look and feel offers easier to use format.
• Interactive tools to help you determine:
  • How Much Home Can You Afford?
  • Should You Refinance?
  • What are Today's Rates?
  • Lower Rate or Fewer Points?
  • What's Your Home's Current Value?
• Articles that explain how credit affects the loan process and where to go for help if your credit is less than perfect.
• Securely check loan status to find out immediately where your application stands on a real-time basis at any point in the mortgage process.