Quicken Loans Crosses $2 Billion Milestone in Monthly Closing Volume:
$2.1 Billion in Monthly Retail Home Lending Volume Closed During March
2007 is All-Time Company Record and Most Closed Online in U.S. History
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250 New Full-Time Hires Each Month Fueling Growth
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New Record Strengthens Company’s
Position as the #1 Largest Online Retail Lender in America
LIVONIA, Mich. (Business Wire EON/PRWEB ) April 4, 2007 --
Quicken Loans announced today that for the first time in its
nearly 22-year history, the company has surpassed closing $2 billion in
home loan volume in a single month -- closing $2.1 billion in home loans
for the month of March, 2007. Not only is this an all-time company
record for Quicken Loans, it's also the largest amount ever closed by an
online lender in a single month in U.S. history.
“Every one of our 4,300 team members made a
significant contribution to attaining this milestone; they are the key
to our growth and success,” said Quicken Loans
Founder and Chairman Dan Gilbert. “We have a
family of committed, aware and dedicated people who, with their strong
sense of urgency and their obsession with always finding better ways,
drove us to this exciting new company record.”
“We’ve created an
entrepreneurial environment and culture. It is one where our people are
encouraged to take initiative and make decisions that make the process
and experience easier and better for our clients," Gilbert added
Quicken Loans closed nearly $18 billion in home mortgage loans in 2006,
the company’s strongest year. The 50-state
home loan lender closed more than $5.8 billion in retail mortgage volume
for the first quarter of calendar year 2007, which is up 75% from
the first quarter of calendar year 2006. This growth has allowed Quicken
Loans to strengthen its position as the nation’s
largest online retail mortgage lender in a home lending market that has
been afflicted with many challenges during the past year.
Quicken Loans is continuing to hire more than 250 team members each
month. Many of the new positions created are based in southeast
Michigan. In addition, Quicken Loans recently opened Internet Home
Lending Centers in downtown Cleveland, Ohio, and Scottsdale, Ariz. Those
two centers currently employ a total of 225 people. Each is expected to
grow to 400 team members, or more, over the next 12-24 months.
Quicken Loans assist clients living in all 50 states in the home buying
and refinancing process. Most new employees attend a training program
that includes 250 hours of initial training and more than 200 hours of
additional training each year, as well as leadership training.
The company has a rewards-based culture in where team members can win
concert tickets at the Quicken Loans Arena or take in an NBA game
(Chairman Dan Gilbert also is majority owner of the NBA’s
Cleveland Cavaliers) and even compete to win a Caribbean cruise.
For more information about Quicken Loans or Rock Financial, or to apply
for a position, please visit our Careers Web site at www.quickenloanscareers.com.
The www.quickenloans.com
Web site has been ranked "Best of the Web" by Forbes, Money and PC
magazines. Founded in 1985, Quicken Loans has more than 4,300 team
members and has been ranked in the “top 20”
of FORTUNE magazine's "100 Best Companies to Work For" list for four
consecutive years. Computerworld magazine has ranked the company # 1 on
its "100 Best Places to Work in Information Technology" list for two
consecutive years. To gain more perspective about Quicken Loans and our
culture, visit our team members' blog at www.whatsthediff.com.
See the original story at: http://eon.businesswire.com/releases/quicken_loans/billion/prweb516359.htm
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