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Quicken Loans looks to fill 1,300 positions after having best quarter in history

Posted: 5:23 PM, Jul 16, 2019
Updated: 2019-07-16 22:23:08-04
Startup companies in Detroit compete for share of $1 million in Quicken Loans challenge

(WXYZ) — Detroit-based company Quicken Loans is looking to bring in over a thousand new employees as it reports its best quarter in its 34-year history.

The company originated $32 billion in the second quarter. In each month of the second quarter – April, May and June – Quicken Loans originated more than $10 billion. This past June marked the company's best month in history. In that month alone, Quicken Loans closed about $11 billion in mortgages. In May, the company also had its highest closed loan volume for home purchases in history. Of those loans, three quarters came from first-time home buyers. Over two-thirds of people used the fully-online mortgage process, Rocket Mortgage.

Quicken Loans, which has invested more than $200 million in its communities, attributed its involvement to the record number of mortgage closings in a press release. The business has launched initiatives in Detroit like "Neighbor to Neighbor," which helps Detroiters prevent tax foreclosure and keep their homes. In 2018, the initiative allowed 4,316 families to avoid tax foreclosure.

“The ultimate impact of a record-breaking quarter is that we can continue to reinvest our resources into communities like Detroit through our ‘For-More-Than-Profit’ approach,” CEO Jay Farner said in a press release.

Quicken Loans now has 1,300 open positions in Detroit, Cleveland, Phoenix and Charlotte, as it looks to continue on a path of growth. Those openings are for mortgage bankers, software engineers, data scientists, underwriters, QLMS account executives, paid interns and more. Those interested can go to MyRocketCareer.com to learn more and apply.