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Monday, December 24, 2012

Quicken Loans, Quicken Mortgage

Quicken Loans has closed its millionth loan recently, in the 25th year of its existence. A web-based mortgage solution provider, it is today the fastest growing online lender with a variety of direct-to-consumer home loans on the Internet being offered to people in all 50 states. Looking back to its history, it was in 1998 when the first successful IPO was launched by the company. The underwriting process for the same was completed by Bear Stearns and Prudential Securities.


An initiative taken by Dan Gilbert in 1985 when he established Rock Financial Corporation went on to set a new standard in online lending when the company came under the ownership of Intuit Inc, the financial software leader with products like Quicken, Turbo Tax and QuickBooks, in 1999. Though this arrangement did not last long as it was repurchased by Dan Gilbert, the founder and existing chairman of Quick Loans Inc, in 2002, the company was well on the path of success by processing over $20 billion in residential mortgage loans each year since 2007.


Based in Detroit Michigan, the company now consists of the quicken loans.com website and subsidiaries like Rock Financial in Southeast Michigan, San Diego Based One Reverse Mortgage, which it acquired in 2008 and a mortgage settlement service providing division known as Title Source. The headquarters was moved to downtown Detroit in 2007, with additional locations in Southfield MI, Farmington Hills MI, Cleveland Ohio, Scottsdale AZ, Livonia MI and Charlotte NC.


The famous Quicken Loans Arena is located in Cleveland OH and the information regarding the Arena parking, seating chart, events ticketing and any hotel near the location could be had from theqarena.com. It is noteworthy to mention that Dan Gilbert has a major stake in Cleveland Cavaliers of the National Basketball Association and Lake Erie Monsters of the American Hockey League.

Quicken Mortgage


The range of Quicken mortgage options that include home buying & refinance loans and reverse mortgages is available online at quickenloans.com. The tools like calculators will help you choose the suitable option among the vast selections of fixed- & adjustable-rate mortgages, FHA, VA & Jumbo loans, FHA Streamline, refinancing solutions, HomePath, Interest Only, Smart PMI and many more. Moreover, you are provided with specialized information on how you can lower your payment, consolidate your debt and buy your new home by expert advisers.

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