You already have, you will undoubtedly come across Quicken Loans during your search if youвЂ™re looking to buy a home, or refinance an existing home loan.
They truly are every so often the biggest mortgage company in the usa (when just counting retail loan originations), recently overtaking San Francisco, CA-based bank Water Water Wells Fargo as a result of the popularity of the Rocket Mortgage technology.
Water Water Water Wells Fargo has since taken back once again their crown, nevertheless the two will yo-yo into the positioning between #1 and # 2 unless Quicken actually breaks down and makes them behind.
LetвЂ™s find out about Quicken Loans to find out if theyвЂ™re a good option for your home loan requirements.
Back 1985, Dan Gilbert began Rock Financial, which will later on be referred to as Quicken Loans. Simply 3 years later on, he took the business public by using Bear Stearns and Prudential Securities.
Initially, the lending company had been branch-based like a depository bank, but Gilbert quickly embraced technology because of the launch of online lender Rockloans.com in January 1999 (that site nevertheless exists but provides unsecured loans).
At the conclusion of 1999, Intuit Inc., the organization behind TurboTax and QuickBooks, acquired Rock Financial and renamed it Quicken Loans.
ThatвЂ™s where in actuality the Quicken title arises from, and exactly why you could be confused as to the reasons it seems oddly familiar to your accounting software product that is ubiquitous.
Anyhow, simply three years that are short, Gilbert and a group of investors bought Quicken Loans straight right back from Intuit and took it personal in the act. Read more