April 26, 2017 3:43 PM ET

Thrifts and Mortgage Finance

Company Overview of Quicken Loans Inc.

Company Overview

Quicken Loans Inc. operates offers retail mortgage lending solutions online in the United States. It offers mortgages and home buying programs such as refinancing options. The company provides adjustable-rate mortgages, fixed-rate mortgages, fixed-rate VA loans, VA adjustable-rate mortgages, jumbo loans, reverse mortgages, and others. It serves veterans, service members, and their families through iPhone and Android applications. The company was formerly known as Rock Financial Corp. and changed its name to Quicken Loans Inc. in December 1999. The company was founded in 1985 and is based in Detroit, Michigan. It generates loans through its Web centers in Detroit, Michigan; Cleveland, Ohio; a...

1050 Woodward Avenue

Detroit, MI 48226

United States

Founded in 1985

Phone:

313-373-3000

Fax:

734-805-7073

Key Executives for Quicken Loans Inc.

Chief Executive Officer
President and Chief Operating Officer
Founder and Chairman of the Board of Directors
Age: 54
Chief Financial Officer and Treasurer
Executive Vice President
Compensation as of Fiscal Year 2016.

Quicken Loans Inc. Key Developments

Quicken Loans Inc. Appoints Casey Hurbis as Chief Marketing Officer

Quicken Loans announced the hiring of a new Chief Marketing Officer native Detroiter Casey Hurbis. Hurbis will lead the company’s consumer-facing marketing team and will be responsible for all online and traditional marketing initiatives, as well as managing the nation's most trusted and recognized home lending brand. Most recently, Casey led North American Brand Communications and Advertising at FIAT where he reintroduced the FIAT brand to the U.S. market after more than a quarter century of absence. Hurbis led major initiatives including the creation of two Super Bowl commercials, large-scale brand campaigns, social media promotions and co-branded partnerships.

Quicken Loans Announces Executive Changes

Quicken Loans Inc. has promoted president Jay Farner to CEO amid a comprehensive shakeup of the company's management structure. As part of the changes, outgoing CEO William Emerson will become vice chairman of Rock Holdings, Quicken's parent company. Quicken also named Bob Walters as president and COO. Walters previously was the company's chief economist.

Verizon Reportedly Close To Acquire Yahoo

Verizon Communications Inc. (NYSE:VZ) has emerged as the most likely buyer of Yahoo! Inc. (NasdaqGS:YHOO). The deal is expected to announce in the next few days, Bloomberg reported citing people familiar with the matter. It is believed that Verizon Communications Inc. is discussing a price close to $5 billion for Yahoo! Inc's core internet business. The deal includes real estate assets but not patents at this stage. The non-core sale of intellectual property assets will be sold separately. AT&T, Inc. (NYSE:T), Quicken Loans Inc. founder Dan Gilbert, as well as Vector Capital Management and TPG Capital, L.P were also active in the bidding process until the end. Yahoo hasn’t told other parties they are out of the process. An agreement would end a months-long bidding process. A representative for Verizon Communications Inc. declined to comment and for Yahoo! Inc. couldn’t immediately be reached for comment. Yahoo shares were up 0.9% to $39.21.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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