In the past, loan companies needed multiple locations because each state has different loan regulations. In the late 1990s, the company switched to an online platform. Quicken Loans helped change the game for mortgage loans. Gilbert and a small group of private investors bought it back in 2002. And in 1999, Intuit bought the company for $523 million. About a decade later, Gilbert took Rock Financial public in an IPO. The company’s original name was Rock Financial, later changed to Rock Financial Corp in 1987. Here’s what we know… Quicken Loans IPO: The Businessīillionaire Dan Gilbert co-founded Quicken Loans in 1985 with Ron Berman, Lindsay Gross and his own brother Gary Gilbert. But is Quicken Loans stock a good investment? With more than 35 years of experience, the company is the top mortgage lender in the country. A Quicken Loans IPO was confidentially filed with the SEC.
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