– Company experiences explosive growth, Quicken Loans also commits to Charlotte –

CHARLOTTE, May 15, 2012 – Quicken Loans Mortgage Services (QLMS), a division of Quicken Loans Inc., the nation’s largest online lender, today announced plans to add more than 75 team members by the end of 2012 to support its growing business needs.   

QLMS, which provides mortgage services to community banks, credit unions and mortgage professionals across all 50 states, currently employs 150 team members and expects to expand beyond 200 by the end of the year.  

The company currently works with more than 800 partner financial institutions and will surpass 1,000 partners, and $1 billion in monthly loan volume, by the end of 2012.

To facilitate its increasing production, QLMS will relocate its office to 6135 Park South Drive in Charlotte.  The company expects to move into its new 20,000 square-foot office space, which is more than double its current location, by the end of June.

“We are growing very quickly – faster than even the most optimistic models we developed when we launched QLMS two years ago,” said Tod Highfield, Vice President of QLMS.  “Right now we are in explosive growth mode, adding both partner financial institutions and team members.  It is really a fun time to be part of this team – and we see continued opportunity ahead of us.”

While QLMS will be vacating its office at 1915 Rexford Road in Charlotte, Quicken Loans will be assuming the space.  The company plans to hire approximately 50 Charlotte-based team members to mainly support the company’s loan underwriting needs. 

“Quicken Loans is constantly on the watch for areas where we can expand and leverage great talent,” said Bill Emerson, CEO of Quicken Loans.  “We were pleasantly surprised to find an amazing pool of very qualified mortgage operations folks in the Queen City to strengthen our underwriting team.  Already familiar with Charlotte through QLMS, the decision to expand our footprint here was a no brainer.”

Quicken Loans is expected to begin hiring in Charlotte later this summer, with plans to have all 50 positions filled by the end of the year.

 To apply to any QLMS or Quicken Loans position, please visit www.quickenloanscareers.com

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About Quicken Loans Mortgage Services:

Quicken Loans Mortgage Services (QLMS) is a division of Quicken Loans, the nation’s largest online mortgage lender, and the fourth largest home lender in the country.  QLMS works exclusively with community banks, credit unions and select brokers to provide mortgage products without the need for the financial institutions to hire mortgage origination staff.  The bank, credit union or broker maintains its relationship with its clients, and QLMS handles all aspects of the loan process. 

About Quicken Loans Inc:
Quicken Loans Inc. is the nation’s largest online home lender and fourth largest 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, ranking #10 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