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Quicken Loans Receives Fourth Consecutive Mortgage Origination Award From J.D. Power

DETROIT (WWJ) -- Detroit-based Quicken Loans, the nation's largest online retail mortgage lender, today announced that for the fourth consecutive year it has been ranked by J.D. Power as the highest in the United States in "customer satisfaction" among all major home loan lenders for primary mortgage origination.

Quicken Loans, which serves clients in all 50 states from web lending centers in Detroit, Ohio and Arizona, enjoyed a wildly successful year, and is on pace to exceed its previous company record of $70 billion in loan originations for the year.

"We have 10,000 team members who come to the office each day with one goal in mind – what can I do to help create an amazing experience for our clients," said Dan Gilbert, founder and chairman of Quicken Loans. "When you combine that drive with a culture that empowers our team members to deliver on their passion you have the recipe for world-class client satisfaction."

According to the J.D. Power study, Quicken Loans far exceeded the industry average, ranking highest in overall satisfaction and receiving the highest score in all four key factors of the study:

* The mortgage application and approval process (quality and convenience)
* Loan representative (product knowledge, responsiveness and client courtesy)
* The mortgage closing experience (ease, speed and service)
* Contact (keeping clients clearly updated in real time throughout the entire mortgage process)

"What makes this award truly unique is that it comes entirely from our clients, the people who have spent time with us and trusted us with what will likely be the single largest financial transaction of their lifetime," said Quicken Loans CEO Bill Emerson. "We can invest in technology and train our people, but the real test of how well we are doing is the impression we leave with our clients."

Over the past three years, Quicken Loans has moved its headquarters and more than 8,000 of its team members to downtown Detroit, and is helping lead the city's ongoing revitalization.

More at www.quickenloans.com.

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