Detroit-Based Quicken Loans Ranks in the Top 10 of FORTUNE Magazine's '100 Best Companies to Work For'

DETROIT, Jan. 19, 2012 /PRNewswire/ -- Quicken Loans Inc., the nation's largest online home lender and a top-five retail lender, today was ranked among the Top 10 on FORTUNE Magazine's annual "100 Best Companies to Work For" list. According to the FORTUNE report published online today, and on newsstands Monday, January 23, Quicken Loans ranked #10, making it the highest ranking Michigan company on the distinguished list. Quicken Loans has placed among the Top 30 companies on FORTUNE's list for the past nine years.

"We are proud to be among the Top 10 workplaces on FORTUNE's list. Combining outstanding, hardworking, passionate people, who are always striving to improve everything around them, with a culture that promotes and rewards innovation and excellence, is a formula that naturally will result in a great place to work," said Quicken Loans Founder and Chairman Dan Gilbert. 

In 2011 Quicken Loans enjoyed another record-breaking year, closing $30 billion in home loan volume. 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.

"Our dynamic culture ignites creativity, curiosity and collaboration among all of our team members and provides inspiration on a daily basis," said Quicken Loans CEO Bill Emerson. "It is more than the perks and benefits that make the difference, it is the commitment of each and every one of our team members looking for opportunities to improve themselves, our company and the client experience."

In the past 18 months Quicken Loans moved its headquarters and 3,700 team members to downtown Detroit, all part of the company's "Detroit 2.0" initiative to create a dynamic and technology-focused urban core where young professionals can thrive. Team members have embraced the company's move to the city, and have been busy checking out all of the great things downtown Detroit has to offer.

Quicken Loans team members work in an environment designed to encourage collaborative, creative thinking. Video games, ping pong tables and scooters are available for play, and new technology is developed in open gathering spaces complete with dry-erase walls, bean bag chairs, free slushies and popcorn, and much more. 

FORTUNE Magazine partners with the Great Place to Work Institute to develop a comprehensive team member survey that examines team member satisfaction through questions about compensation, empowerment, and training to rank the companies. The survey is randomly distributed to team members, with the results of the survey accounting for two-thirds of the overall company score. The remaining company score is determined through the Great Place to Work Institute's Culture Audit, a series of questions and surveys on benefits, hiring and recognition.

The full FORTUNE Magazine listing of the "100 Best Companies to Work For" can be found at http://www.fortune.com/bestcompanies.

About Quicken Loans Inc.:
Quicken Loans Inc. is the nation's largest online home lender and a top-five 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 also has been named to FORTUNE magazine's list of the country's "100 Best Companies To Work For" nine consecutive years, ranking as high as #2, and named in the Top-15 of Computerworld magazine's "100 Best Places to Work In Technology" for seven years in a row. Quicken Loans ranked #1 in the Detroit Free Press' 'Best Places to Work in Michigan' List in 2010 and 2011. The company has moved its headquarters and 3,700 team members to downtown Detroit. 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.

SOURCE Quicken Loans Inc.