Quicken Loans Filing Reveals Voting Control and Financials

The Financial Times digs into a regulatory filing released yesterday that shows how voting control will be organized after Quicken Loans completes their IPO; Dan Gilbert, the founder of Quicken Loans, the largest mortgage lender in the U.S., will maintain 79% of the of the voting power in the company; in Q1 Quicken Loans originated $52 billion in mortgage loans, more than double last year, and this resulted in $1.4 billion in revenue and $97 million in profit; in 2019 the company originated $145 billion in loans which was a 75% increase over 2018, with a $893 million profit. Financial Times.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.