[Congressional Record (Bound Edition), Volume 161 (2015), Part 8]
[Extensions of Remarks]
[Page 10621]
[From the U.S. Government Publishing Office, www.gpo.gov]




 THE MICHIGAN CONGRESSIONAL DELEGATION CONGRATULATING QUICKEN LOANS ON 
                         30 YEARS OF EXCELLENCE

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                           HON. BILL HUIZENGA

                              of michigan

                    in the house of representatives

                        Thursday, June 25, 2015

  Mr. HUIZENGA of Michigan. Mr. Speaker, I rise today, along with my 
colleagues Reps. John Conyers, Candice Miller, John Moolenaar, Brenda 
Lawrence, Mike Bishop, Dan Benishek, Tim Walberg, David Trott, Debbie 
Dingell, Fred Upton, Dan Kildee, and Sander Levin, to congratulate 
Quicken Loans Inc. on its 30th year in business and recognize its 
pivotal role in revitalizing Detroit as well as its impact on 
Michigan's economy. Quicken Loans has helped more than 2 million 
American families achieve their dream of home ownership.
  Originally founded as Rock Financial in 1985 by Detroit native Dan 
Gilbert, Quicken Loans Inc. has grown to become America's largest 
online lender and the 2nd largest lender in the United States. From 
2013-2014 alone, Quicken closed $140 billion of mortgage volume across 
all 50 states.
  As the largest FHA lender, Quicken has helped lower income Americans 
borrow money for the purchase of a home that they would likely 
otherwise not have been able to afford. Quicken Loans' commitment to 
its customers is commendable, as Quicken has maintained the best loan 
quality score and lowest default rate among the largest 30 FHA lenders.
  Because of its commitment to its customers, Quicken Loans Inc. has 
been awarded the J.D. Power awards for Highest in Customer Satisfaction 
for Primary Mortgage Origination for five straight years, their award 
for Highest in Customer Satisfaction among home loan servicers in 2014, 
and their award for Customer Service Champion--making Quicken Loans 
Inc. one of only 40 companies in the United States to receive this 
prestigious award.
  Over the past 30 years, Quicken has taken civic engagement to a new 
level by establishing itself as a leader and innovator in community 
engagement by developing a culture that encourages its 12,000 team 
members to volunteer in communities surrounding Detroit, Michigan; 
Cleveland, Ohio; North Scottsdale, Arizona; San Diego, California, and 
Charlotte, North Carolina, where the team members work and live.
  Last year alone, Quicken Loans Inc. donated more than $16 million to 
local charities and its team members volunteered over 75,000 hours to 
charity work including: assisting local veterans, community 
development, and helping in the downtown revitalization process in 
Detroit. It's for reasons like these that Quicken has ranked in the Top 
30 of FORTUNE Magazine's Best Places to Work in America for 12 years.
  The leadership of Quicken Loans Inc. in restoring Detroit cannot be 
understated.
  On December 3, 2013, the City of Detroit was declared bankrupt. Since 
that time, Quicken Loans Inc. founder and Chairman Dan Gilbert was 
named co-chair of the Blight Removal Task Force which continues to 
focus on the revitalization of Detroit through the removal of all 
blighted structures and lots within the city. Additionally, Mr. Gilbert 
serves as Vice Chairman of the M-1 RAIL initiative which began 
construction in July 2014. The 6.6 mile light rail system is designed 
to spur economic development and improve downtown and midtown Detroit's 
transportation infrastructure.
  As of midnight on December 11, 2014, Detroit successfully left 
Chapter 9 municipal bankruptcy. This transition would not have been 
possible without key players, one of which was Quicken Loans Inc., and 
their commitment to Michigan and the city of Detroit.
  Congratulations to Quicken Loans Inc. on your 30th anniversary and 
thank you for leading by example in communities here in Michigan and 
across the nation.

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