– Nation’s largest online lender expands office to accommodate growth –

CLEVELAND, May 2, 2012 – Quicken Loans Inc., the nation’s largest online lender and top five retail lender, today announced it plans to hire 100 new team members in its downtown Cleveland Web Center.  These new team members will join the current team of more than 300 working in the M.K. Ferguson Building at 1500 W. Third Street.  The 100 Cleveland-based positions are in mortgage banking.

To accommodate its continued growth, the Cleveland Web Center unveiled its 11,000-square-foot expansion during a ribbon cutting ceremony last week.  Jeff Perry, Quicken Loans Vice President and leader of the Cleveland office, said the expansion and hiring boom will help to strengthen Cleveland’s downtown urban core.

“Quicken Loans is looking for Clevelanders with an outstanding work ethic who want to make a positive impact in the lives of our clients all over the country,” said Perry.  “Our mortgage banking force is the heartbeat of our growing organization.  It is the amazing service that they provide to each and every one of our clients that is driving Quicken Loans’ explosive growth – both in Cleveland and nationwide.”

Specializing in government-backed Veterans Affairs (VA) loans designed to make home financing easier for active and retired military, the Cleveland Web Center increased its loan volume production by 25 percent in 2011. That increase helped Quicken Loans achieve a record $30 billion in closed home loan volume last year.

The strong mortgage origination has continued in 2012 as Quicken Loans closed a 27-year company record $4 billion in home loan volume in March.

Quicken Loans’ 300 Cleveland team members take an active role in strengthening the local community, volunteering nearly 550 hours to charitable organizations in 2011, including the Ronald McDonald House of Cleveland, Laura’s Home, and the Cleveland Food Bank.

The 100 new hires will join the more than 3,600 team members employed by Quicken Loans Founder and Chairman Dan Gilbert in downtown Cleveland.  Gilbert and his 10 Cleveland-based companies will dramatically increase their downtown presence with the opening of Horseshoe Casino Cleveland in the historic Higbee Building in May.

For more information on the available job postings for the Cleveland Web Center, or to submit your resume, please visit www.quickenloanscareers.com.


About Quicken Loans Inc:

Quicken Loans Inc. is the nation’s largest online home lender and a top five retail lender. The company closed a record $30 billion in retail home loan volume across all 50 states in 2011. Quicken Loans generates loan production from five web centers located in Detroit, Ohio and Arizona. The company also operates a centralized loan processing facility in Detroit, 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 in 2010 and 2011. “QuickenLoans.com” has been named “Best of the Web” by Forbes and Money magazines. The company ranked in the Top 10 of FORTUNE magazine’s “100 Best Companies To Work For” in 2012 and has placed among the top-30 companies on FORTUNE’s list for the past nine years. It ranked in the Top-15 of Computerworld magazine’s “100 Best Places to Work In Technology” for seven years in a row. The Quicken Loans Cleveland Web Center ranked #4 on the 2011 Plain Dealer Top Workplaces List for Mid-size Companies in 2011.

Quicken Loans was named #1 in the Detroit Free Press’ ‘Best Places to Work in Michigan’ List in 2010 and 2011. The company moved its headquarters and 3,700 of its more than 5,000 team members to downtown Detroit. Another 1,000 team members are expected to move to downtown Detroit in mid-2012. For more information about Quicken Loans, please visit us on the web at www.quickenloans.com, on Twitter at @QLnews, and on Facebook at www.facebook.com/QuickenLoans.

Dan Gilbert’s Cleveland Investments:

Since his purchase of the NBA’s Cleveland Cavaliers in 2005, Quicken Loans Founder and Chairman Dan Gilbert and his ‘Family of Companies’ operate 10 businesses in greater Cleveland that employ more than 3,600 team members. The businesses include: the Cleveland Cavaliers; Horseshoe Casino Cleveland; operation of the Quicken Loans Arena; the AHL Lake Erie Monsters; the NBA Development League Canton Charge; the AFL Cleveland Gladiators; the Cleveland Clinic Courts Player Development Center; the Quicken Loans Cleveland Web Center; Veritix, an electronic ticketing company; and Bizdom Cleveland, an entrepreneurship accelerator.  Investment in these businesses exceeds $450 million, bringing Gilbert and his partners’ total Cleveland-area investment to more than $1 billion.