It's such a big deal to us that we're going to recognize the millionth closed loan by paying off one lucky client's loan. That's right. We're going to pick a Quicken Loans client who closes between now and December 31, 2010 and we're going to pay off their loan. They close a loan with us and then we pay it off.
Wow! I want that deal. Wait, I can't. I work here. I don't qualify.
But you do! All you have to do is refinance or buy a home and we might pay off your loan.
So how did we get to one million loans? It all started back in 1985 when Dan Gilbert and few of his friends founded Rock Financial. One thing lead to another and Rock Financial became Quicken Loans.
Things went well over the years and today the company that Gilbert and his friends started 25 years ago is now the nation's largest retail online lender and among the top five overall retail lenders. Last year we closed about $25 billion in loans and we're on track to top that this year.