Quicken loans is the second highest growth companies in the world. Its 1 year revenues is $602(millions).William Emerson is the Chief Executive Officer of Quicken Loans, which is the largest online mortgage lender and one of the largest retail mortgage lenders in the U.S
What makes it so great? "Ethically driven" is what one employee calls the online mortgage lender. It avoided the subprime crisis by sticking with plain-vanilla loans.
Quicken Loans Inc. consists of Quicken Loans, the nation's largest online retail mortgage lender; Rock Financial, the company's southeast Michigan brand; One Reverse Mortgage, a provider of reverse mortgages; Title Source, Inc.; and In-House Realty.
The company, which employs nearly 4,000 people, closed $19 billion in home loans in 2007. Founded in 1985, the company soon became one of the largest independent mortgage banks in the country.
In May 1998, Rock Financial went public, launching a successful IPO underwritten by Bear Stearns.
Initially a brick and mortar lender, the company launched Rockloans.com in January 1999, which quickly positioned itself as one of the fastest growing online direct mortgage lenders on the Internet.
In January 2000, Intuit Inc. (makers of market leading software Quicken TurboTax® and Quicken) purchased Rock Financial. The company was renamed Quicken Loans, and is a leading provider of direct-to-consumer home loans on the Internet (quickenloans.com), offering mortgages in all 50 states from a centralized platform.
In 2002, Dan Gilbert announced he would lead a small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit. The company has been privately held since that time.
The company is now ranked the nation's largest online retail home lender and 11th largest retail home lender overall by National Mortgage News, the trade publication that maintains industry data.
The company operates seven home lending centers in Michigan, Arizona, Ohio and California.
The company has also been ranked #1 on Computerworld Magazine's list of the "100 Best Places to Work in Technology" for three years and recently was named the 'Best and Brightest Company to Work for in Metro-Detroit' by the Michigan Business and Professional Association for the third time.
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