Quicken Loans Hires 200 Summer Interns in Detroit

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The nation’s largest online retail mortgage lender offers interns opportunities in several fields

“Interns need to get out of their comfort zone and learn not to fear, fear,” said Michelle Salvatore, Director of Recruiting at Quicken Loans.

Quicken Loans Inc., a 50-state lender of refinance and purchase mortgages, today announced it has hired 200 summer interns at its Detroit headquarters, far eclipsing last year’s totals. The move is part of the company’s commitment to attract and retain local talent and to stop the migration of graduates to other urban centers outside the state of Michigan.

As part of its intern recruiting process, the company received more than 700 applications for internships in mortgage banking, marketing, technology and several other areas within the company. Interns hail from schools across the state, including Wayne State University, Eastern Michigan University and the University of Michigan, among others.

While working at Quicken Loans, interns are given assignments and work closely with team leaders to learn the mortgage industry and execute on projects. This is not the stereotypical internship often associated with making coffee and filing paperwork. The Quicken Loan internship program pushes students to achieve higher goals and get real world business experience.

“Interns need to get out of their comfort zone and learn not to fear, fear,” said Michelle Salvatore, director of Recruiting at Quicken Loans. “Our intern program is popular with students, and in fact, about 10 to 15 percent of interns come back for another internship or become full-time team members after graduating.”

Internship-seeking students can look forward to another large round of hires next summer as well. Students interested in applying for internships should watch http://www.quickenloanscareers.com in the spring.

About Quicken Loans Inc.:
Quicken Loans Inc. is the nation’s largest online retail mortgage lender and among the five largest overall retail home lenders in the United States. The company closed a record $29 billion in retail home loan volume across all 50 states in 2010, and recently closed its 1 millionth loan. Quicken Loans employs approximately 3,700 team members and generates loan production from five web centers located in Michigan, Ohio and Arizona. The company also operates a centralized loan processing facility in Michigan as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power and Associates for 2010. “QuickenLoans.com” has been named “Best of the Web” by Forbes and Money magazines. The company also has been named to FORTUNE magazine’s list of the country’s “100 Best Companies To Work For” eight consecutive years, ranking as high as #2, and named in the Top-15 of Computerworld magazine’s “100 Best Places to Work In Technology” for six years in a row. Quicken Loans ranked #1 in the Detroit Free Press’ ‘Top Workplaces of 2010’ List. The company recently moved its headquarters and 1,700 of its 3,700 full-time team members to downtown Detroit. For more information about Quicken Loans, please visit http://www.quickenloans.com.

About Rock Holdings Inc.:
Rock Holdings Inc. is the parent company for several financial services related businesses and employs more than 4,000 team members. These client-focused and technologically-driven companies include Quicken Loans, the nation’s largest online home lender and One Reverse Mortgage unit, the fastest growing reverse mortgage lender in America; Title Source, a nationwide leader of title insurance and settlement services; Quicken Loans Mortgage Services (QLMS), a mortgage origination platform servicing community banks and credit unions across the country; In-House Realty, the preferred real estate partner of Quicken Loans that matches clients with trusted real estate agents in all 50 states; and, Quizzle.com, the online innovator and website where consumers manage their home, money and credit. Rock Holdings, Inc. also recently moved its headquarters to downtown Detroit.

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Kristen Curzytek
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