35 Burst results for "Quicken Loans"
Pandemic Economy is Making Revenues a Lot Better for Better.com
"Linked in just named better dot com number one on its list of top fifty startups, which means they're hiring like mad. The company is the sleeper success of the mortgage world. Undoubtedly, you've heard of its huge rival quicken loans, the largest mortgage lender in the US, but despite the eight billion dollars in loans, better dot com issued. Since March, you may not be familiar with the four year old company founder and CEO this. Shaw Garg tells a classic origin story in two, thousand, thirteen he and his wife were shopping for an apartment in New York City finding the right place at the right price was hard enough. Then they applied for a mortgage it was so much harder than it should be like horrendously bad guard told linked in writer Devon boundary. Their mortgage processor was so slow that they lost the apartment and get this. They weren't exactly slouches when it came to understanding Finance Guard was professionally managing billions of dollars in mortgage backed securities in his wife was a banker as battery reported guard thought if it's so bad for us, we'll how bad is it for everybody else? That's when he decided to start his own mortgage company one that would do things better. BETTER DOT COM launched publicly in two thousand sixteen like quicken loans better is an online firm that allows customers to apply for a mortgage and complete the entire process without speaking to a human being. Choose for the most part algorithms decide whether you get that loan or not, and what it will cost better. Dot Com sells the loans to institutional lenders a common mortgage industry practice. The big piece that guard changed industry-wide loan officers operate on a commission not. So at better, the company says its model freeze it up to match the right loan with a customer rather than incentivizing staffers to sell you the most expensive they can in addition customers say that commission fees as well as some other fees that guard wrung out of the process once launched better dot com did fairly well given the scads of competition out there, but it's the pandemic economy that. Shot better to prominence not to mention made it profitable as we've reported here before refinancings hit record highs after the federal. Reserve, dropped its interest rate to zero in March in an effort to save the sputtering economy additionally social distancing made online mortgages far more appealing to customers who previously may have walked into a bank or at least met with mortgage broker over coffee. The bottom line revenues were about one hundred, million dollars. Last year this year better expects to take in eight hundred million dollars in revenues. A newsletter called the information reported. The information also reported that better is trying to raise another one hundred million dollars in advance of a possible IPO. If it succeeds, the company will be valued at about four billion dollars. That's an insane amount of money for someone who used his apartment down payment to fund his business launch. That's right and his wife never bought that New York apartment. We're betting that they're glad they didn't, but and there's always a but right as high flying is this startup is it's a mosquito on the back of quicken loans and rocket mortgage both owned by the rocket companies together those two companies earned almost six and a half billion dollars in revenue just in the first half of this year both are household names unlike their smaller rival rocket companies went public in August in what the information says was the second largest IPO of the year, it rocketed to almost two billion dollars. With the economy faltering again though rocket share prices down ten dollars from its high of thirty dollars at the end of last month questions abound about how long the housing boom will last.
"quicken loans" Discussed on KIRO Radio 97.3 FM
"Of Quicken Loans. Quicken Loans is celebrating our best quarter ever. And now we're celebrating some of the lowest refinancing rates ever. Rates have dropped so much that many Americans can reduce their rate You may be able to save money on your monthly mortgage payment right now. The rate today in our 30 year fixed rate mortgage is 3.99% a P R 4.23%. 800 quicken or go to rocket mortgage dot com Toe Learn more rate something to change A 2% You see, this is a great golfer cause information. Traditions equal housing under lessons in all 50 states in MLS number, 30 30. I like Abed, That's really firm. I need something a little softer than that. Rest easy. The sleep number 3 60. Smart bet you could both adjust your comfort your sleep number set. It can really help me fall asleep Faster. Yes, but gently warming your feet. Okay, But can it help? Keep us asleep? It's senses your movements that automatically adjust to keep you effortlessly comfortable. Suite number proven quality sleep, his life changing sleep. And now all beds are on sale, Say 50% on the sleep number three. 60 limited edition Smart plus Special Financing on all Smart bets ends Monday. Learn more Go sleep number dot com. Special financing subject credit approval in a moment, the payment quietly store for details. Are you overwhelmed, looking for a senior living solution for yourself? Or a loved one? We care partner senior living pride ourselves in helping seniors or their loved ones navigate the often new and confusing process of finding the right senior living option. Hi. I'm Colette with care partners care partner. Senior Living has 15 vibrant communities throughout western Washington and Spokane, providing independent assisted living and memory care at extremely affordable pricing. And if you ever run out of funds and need to convert to Medicaid, you will never be asked to move. Being locally owned and close to our communities means care partners can provide you the personal assistance and education to find the right senior care solution, one that allows you to stretch your assets. Reserve your estate and stay active and safe while giving you the peace of mind that you never have to worry about moving, That's the care Partners Experience Visit care partners, living dot com King LASIK is now open.
"quicken loans" Discussed on KTAR 92.3FM
"Of Quicken Loans. Quicken Loans is celebrating our best quarter ever. And now we're celebrating some of the lowest refinancing rates ever. Rates have dropped so much that many Americans can reduce their rate. You may be able to save money on your monthly mortgage payment right now. The rate today in our 30 year fixed rate mortgage is 3.99% A p R 4.23% Call US 800. Quicken or go to rocket mortgage dot com Toe learn more rate something to change A 2% vacancy. This is great because information traditions equal housing under In all 50 states and unless number 30 30 it's Jamie. Progressive Number one number two employees leave a message at the Hay Jamie, It's me, Jamie, This is your daily pep talk. I know it's been rough going ever since people found out about your acapella group matte harmony, but you will bounce back. I mean, you're the guy always helping people find coverage options with the name your price tool. It should be you given me the pep talk now get out there, hit that high note and take Matt harmony all the way to nationals this year. Pity, progressive casualty insurance company and affiliates pricing coverage match limited by state law. It starts small, no soy milk. Almond is fine, Okay, but then your boss tells you to switch offices with Jeff. And when buying a car, you know you have to compromise. What about the all new Nissan Sentra? It's radically redesigned with zero gravity seeds, a quilted leather interior, and it has the most standard safety features in its class. So no compromise, then Okay, refused to compromise with the all new Nissan Sentra Word segmentation. 20 century versus latest in Market Economy compact class competitors see owner's Manual for safety information. Availability of features vary by vehicle model year model train little packaging adoption space, miles, compared manufacturer's website. With a new iPhone as he for less than.
Sen. Bernie Sanders calls for tax on billionaires' gains during the pandemic
"A major milestone for the Nasdaq on Thursday the index briefly crossed eleven thousand for the first time ever the Nasdaq them closed out the day a hair below that eleven km milestone, a record high that's the indexes six record close in. So. Far, the Nasdaq is clocked a record close thirty one times in twenty twenty. It's remarkable run for the and exit especially considering what a hit like the rest of the stock packet back in. March. Clearly, the Nasdaq is come back with ferocity it's gained about twenty three percents alone the S. and P. Five hundred and the Dow Jones indices have each clocked day winning streak and the S&P is now near percentage points away from his own twenty twenty. Of course, record highs in the marketplace seem at odds with the troubles were seeing a real economy small and medium businesses are shuttered big retailers bankrupt individuals and entrepreneurs are anxiously awaiting more government relief according to some as you'll hear, the disconnect is in part due to the Federal Reserve's unprecedented actions throughout the pandemic. And investor competent that the Fed will continue to support the markets. One former presidential candidate is calling for billionaires to step up to the real economy. Here's duckie quick Senator Bernie Sanders he is now. Calling for a crackdown on billionaires, this is what he tweeted last night. I will be introducing legislation tomorrow meaning today to tax the obscene wealth gains billionaires have made during the public health crisis. The senator tweeted a thread explaining his proposal saying while over thirty million. Americans. Have seen their six hundred dollars a week and unemployment benefits. Expire emergency actions taken by the Federal Reserve to prop up the stock market have meant that four hundred, sixty, seven billionaires saw their wealth go up by over seven hundred and thirty billion dollars since the pandemic began while Amazon is denying paid sick leave hazard pay personal protective equipment to four, hundred, fifty, thousand of its Workers Jeff Bezos has increased his wealth by over seventy billion dollars. Amazon shares are up more than seventy percent year to date. You can see this morning down by about twelve dollars. Senator Sanders also calls out Walmart's Walton family. Tesla's Elon Musk and facebook's mark Zuckerberg for making billions of dollars during the pandemic, and then trying to juxtapose that with what they've done for some of the workers along the way he then said by taxing sixty percent of the wealth gains made by just four, hundred, sixty, seven billionaires. During this pandemic, we could guarantee has a right for an entire year and billionaires would still be able to pocket over three hundred, ten billion dollars gains during the worst downturn since the Great Depression.
"quicken loans" Discussed on KTAR 92.3FM
"Of Quicken Loans. Quicken Loans is celebrating our best quarter ever. And now we're celebrating some of the lowest refinancing rates ever. Rates have dropped so much that many Americans can reduce their rate. You may be able to save money on your monthly mortgage payment right now. The rate today in our 30 year fixed rate mortgage is 3.99%. A p R. 4.23% Call US at 800. Quicken or go to rocket mortgage dot com Toe Learn more rate something to change The 2% you see, this is great because information conditions equal housing under lessons in all 50 states. December 30 30. If you've recently retired or been offered early retirement, there are a lot of important decisions that need to be made. I'm Jeff Junior with trade and wealth. Important questions like how do I know if I have enough money to retire? If I die? Will my money be subject to probate? When is the best time to draw so security? How will I be impacted by losing my health coverage? Also, we're in a contentious political year. How will this affect you? Important questions and trading wealth can help. Trading wealth is a local trusted financial fiduciary that always has your best interests in mind and will help you in and through your upcoming retirement. Don't trust advisor sitting in a call center and then another state to help you navigate such an important time in your life. Local trust that face to face eye to eye and always here for you Call today. 480990 3300 for 80990 3300 or visit Trey jin wealth dot com Investment Advisory Services offered through trade and wealth and SEC registered investment adviser Newsflash It's 5.
"quicken loans" Discussed on KTAR 92.3FM
"Of Quicken Loans. Quicken Loans is celebrating our best quarter ever. And now we're celebrating some of the lowest refinancing rates ever. Rates have dropped so much that many Americans can reduce their rate. You may be able to save money on your monthly mortgage payment right now. The rate today in our 30 year fixed rate mortgage is 3.99%. A p R. 4.23% Call US at 800. Quicken or go to rocket mortgage dot com Toe Learn more rate something to change The 2% you see, this is a great golfer called information conditions, equal housing under lessons in all 50 states. December 30 30. Hi. This is Jay, Foreigner CEO of Rocket Mortgage Making the right financial decisions has never been more important. We can help guide you to those right decisions now when they matter most mortgage rates are near historic lows. So when you call 8338 rocket or visit us at rocket mortgage dot com to start your refinance, you'll be well on your way to saving money every month. The rate today in our 30 year fixed rate mortgage is 3.375% a p R 3.59%. Right now could be a great time for you to take some positive financial steps forward with a cash out refinance from rocket mortgage, which could give you the boost that you're looking for. In addition, we may be able to help you refinance with little or no out of pocket costs at rocket mortgage. We're committed to every client every time no exceptions. No excuses, giving you the best mortgage experience. Call us today at 8338 rocket or go to rocket mortgage dot com To learn more rate subject change, A 1.75% feed receive. This is coming, right? Mation conditions. Equal housing lender lessons in all 50 states and MLS number 30 30 yard news presents silent witness where it pays to fight crime. Here's Jamie West. A couple of convenience store crimes. The 1st 1 a robbery happened 25th Avenue in Glendale on Saturday, February 22nd 2020..
Mortgage lender Quicken Loans is planning an IPO: report
"C. N. B. C. reporting Detroit based quicken loans planning an initial public offering quick and is the largest mortgage lender in the United States founded by Dan Gilbert quicken loans close is about a hundred and forty five billion dollars in loans they did that last year it could be one of the largest IPOs this year the company is valued in the tens of billions of
"quicken loans" Discussed on My Career Fit
"At the end..
"quicken loans" Discussed on My Career Fit
"Remote employment, the benefits seem almost endless. There's no commute can fit your office wherever it fits into your life. More separate wardrobes work in your personal life and can also save on food costs since you're really able to whip your own lunch and coffee. If you work from home, quicken loans, a leading mortgage company, they're obsessed with finding better ways of keeping their business cutting edge of financial leadership in about a year and a half ago, quicken loans watch the remote mortgage banking division than enlists the work of an elite team of remote mortgage professionals that sit all across the country work from home. This episode.
"quicken loans" Discussed on Marketing Today with Alan Hart
"So we're now the agency for seven other brands within the organization. And so that's where we have seen a lot of growth and we do everything here from super bowl down to t shirts that we give away to our team members in everywhere in between you ask the question about why in. Halston it's interesting. I've been in this business now. Twenty seconds do the math. Where Twenty seven years twenty seven years this year and I spent the first seventeen years of my career working at a large agency. Bbdo part of the family we are we were over two thousand people solely servicing the Chrysler DaimlerChrysler now in Business and then I moved over to. Fca where I was the Fiat Marketing Director for seven years where we were solely dependent upon agencies. There's a large organization. The marketing team was not that big. I WANNA say upwards of seventy five to eighty team members and we are solely dependent on agencies. And now that I come here I. It's now an in house agency. So now I come to a large in House. Agency that for the most part outside of media bram media buying sports activation. Everything is done in house. And it's really interesting. There's some pros and cons. I much more side to the pros. I love the fact that our team members are in the business. Not on the business. So they're able to operate at a quicker speed of the game as if he will because we're all year together. The team has the ability to learn grow across the organization. We have a lot of folks that live team members within this company. That want to join marketing. I love it. My biggest fear is that I will just get ideas that I like that. I'll buy. That's my biggest biggest fear. Allah challenge the team. Don't bring the ideas are. Don't bring me something that Casey will like or Casey will buy challenge. Challenge ourselves challenged me. I've had a couple of instances where I saw creative idea and I did not like I didn't get it. I didn't like it. It didn't it was not for me and in the room. I had six other people that were literally on the table hitting the table laughing giggling whatever might be new obviously a a comedic idea other pitching me in what. I step back to realize it was. It was a facebook video idea. I pushed back my chair and I thought who am I. Who Am I to say no? I'm not the audience. I am not the audience. He didn't get tag later with okay. Boomer battling if anyone ever says okay boom dropping Mike walking out. Someone's right in that line. Neither Day and I was a that was a quick conversation. I'm an old GEN xer. I still prime. Yeah Yeah I mean I mean that same family yet but I have had the okay moment in. It's not fun it's not fun and it's okay. It's that's where again to my point is. Don't bring the ideas. I just like in Seattle and I have to think about. Who is the audience? If you're around here over the summer I can't tell you how many times I'll see intern walking by my office or they sit outside my office in. I literally grabbed them. I pull into my office and I'd show them like give your feedback in your thoughts. What does that say to you because it says something? It most likely says something different to me than it does to you and I get their feedback as most often. I'm not the audience so I think about who's a target who tried to talk to making sure we're relevant. There's nothing worth worse than being a brand that tries to hard doesn't sound authentic and It was just speaks to themselves. There's nothing that sends me more than that right now. I totally agree. I mean you've been successful with this in-house model of curious if there's advice you'd give to other CMO's that are either thinking about it or thinking about expanding their in house efforts any thoughts at all. Yeah I mean again. I'm a big proponent of you know having been a big agency but on the client side there solely dependent guide everybody here one of the it's challenging. It's challenging the team. Making sure one of the things that are vice chairman says. Here's y'all better. Be COMFORTABLE WITH BEING UNCOMFORTABLE. In that means pushing ourselves another thing here at quicken loans are talked about her best year ever last year. One hundred and forty five billion and I can tell you we're not rest in our loyals with goddess here to this amazing spot at the end of nineteen will not get us there to where we WANNA go in two thousand twenty and beyond so it's our we approaching things different. I don't believe in wash e I don't believe in. That's how we used to do it. How do you continue to evolve? How do you continue to challenge a challenge ourselves another thing? I really respect about our company organization which I was not used to until I joined is. It's okay to fail. It is okay to fail in. If you fail fail fast learn from how you failed in a High. Would you do different the second or maybe third time? There's nothing here that again. One of our `ISMs here's take the roast out of the oven. You know I've been at places before where you could sit in meetings with procurement legal and finance and law rally police for six months and nothing gets done here. It's if there's an idea go for two yes before no culture and let's do it and how do we know unless we try and so it's always encouraging them also bringing in partners? It's not. We're not insulated. Steel walled off organization teen. I'd have a facebook here on a monthly basis. Google here monthly twitter's twice a month. I bring in outside agencies to pitches ideas and give us give us thoughts. I'll have a consulting firms coming here. Give us thoughts and ideas or approaches by no means we. We don't have all the answers but I wanNA make sure that we're staying on top of what's relevant what's forthcoming again. What got US here won't get above it. I want to switch gears a little bit at in. Do My my normal segment where we talk about you a little bit more and you've already answered my favorite question. Which is what experience of your past defines a mix up Last time we spoke you talked about education. You first to go to college in your extended family along along with obviously your wife your marriage in kids. I'm curious over the last two years. What's been the most rewarding experience you've had since we last spoke. Yeah in the last two years. There's a couple of things one is. The rocket mortgage classic is wells a super bowl ads this past year. I'll use the rocket mortgage classic. Rpg As an example we talked for years of upbringing the PGA tour to Detroit. It just wasn't in the cards at the time the PG approached us about a pathway to Detroit in.
"quicken loans" Discussed on Marketing Today with Alan Hart
"Interestingly enough of the agency we work with High Chicago was also the agency that was part of the jeep commercial. Bill Murray and I told him the other day I wanNA percentage of their new business up in the next couple of years royalties. Yeah exactly Take a little equity swap there. Yeah Yeah for sure. Yeah exactly right. But that's all part of its We went to a number of agencies some large agencies you know big holding companies and we went to some smaller agencies smaller boutique shops like I dive in. It's really interesting now. Allen is now we see media companies media companies that have full blown creative staffs facebook for example. Facebook brings super bowl ideas next just for their platform. But they know that you know. Even though we live in the multi-screen social digital world that still the the big screen of the TV the king of the third year. The sixty still at southbound tonight facebook literally pitching US super wide. Yeah so it's really. It's really fun to it's a grind. Its grueling can be frustrating but what I say every time again. It's not easy. Everyone would be doing it in the day. After the Super Bowl I vow not to do a super bowl ad sphere. But I'm already thinking about next year. Yeah no so. In addition to the Super Bowl spot rocket mortgage was announced as the exclusive multi year partnership with the NFL and becoming the official mortgage sponsor of the NFL. I'm guessing that big brands need big sponsorships. But how do you think about sponsorships and their potential sure nicer bringing that the NFL partnership up? That's one that we're a brand. That does large big things if you will. We have history with doing things that have never been done before. Seven eight years ago. We did the carrier classic on active military ship by basketball game between my Alma Mater Michigan State or Carolina which the billion dollar bracket Yahoo Billionaire Bracken partnered up Warren Buffet. For that and then we just brought a PGA tour to Detroit for the first time so along the way we had looked in thought about an hour away to do a nationwide. Sweepstakes centered around Squares Rhino on the East Coast People Kalma access. I come to learn so I don't care if you're a a ten year old kid or eight year old grandmother you gather up the Super Bowl. You participate in the squares at the office home comedian. Whatever but it's never been done before a national scale with the in partnership with the NFL so we brought that idea to them. We pitch that. They were looking for financial partner and we picked them the cornerstone of a financial partnership e the superbowls Rocket Mortgage Super Bowl squares. And they agreed to it and they agreed to it. The the concept. We obviously had to put the deal together very very quickly like the fastest. I've ever seen agreement come together and we stood up and launched early January the rocket mortgage superbowl swears which was a huge successive. Blew away our expectations. So when you look at look at brand where a big brand North America's largest lender we pride ourselves on working with big brands and the approach to spark sponsorships and partnerships is. Obviously one is is there is there a what the consumer the consumer clients the prospects there others interest on both sides you know. Obviously people who own homes watch football play golf participating East Sports. Whatever might be but really. It's also looking at other brands. We get pitched every single day. I three calls on the way in this morning for partnership opportunities. Is We look at. How can brands work together? But also use the strengths of each other's brains to embarrass equity from each other to tell one story in so the NFL. Where I get really excited about the NFL. Think about the. Nfl has over the last ten fifteen years. It is truly a three hundred sixty five days a year brand you roll right on a super bowl to combines to the NFL draft to Ota's to training camp. The season kicks off through the playoffs. And then it's a three sixty five day brand in for us what we love is we won't be part of the Super Bowl every year whether it's rocket mortgage super bowls for his. We're in the game of the NFL. Draft changes lives. What is one of the first things that atop for second round draft does when they get that first paycheck they buy Mama House in about my stomach. Checked were mortgage company in with other part of that. Tell that story. And then in the fall in the fall in November one of the big passion points for the. Nfl is slow to service and supporting veterans. That's a big passion for us Involvement with community solutions built zero up and try to eradicate veteran. Homelessness is so the month of November will work with the NFL and supporting sliver service and then Thanksgiving Day. Where was be honest anymore? There's only certain times a year where everything seems a stop near together as a group and family and interact and Thanksgiving Day. There's three games every day. You're GONNA see a large presence on Thanksgiving Day without rocket mortgage fallon any role right back in the super bowl so it's looking at big brands. And how can we work together? Tele shared story but also Barak Ary from each other in activate. Along the way I love it I love it will end your no you know novice sponsorship saying you guys are working with the PGA got east sports even got four sponsorships. Tell us a little bit about the highlights. Where do you most excited about the stuff that you've done recently with other sponsors new great question we've been partnered with the PGA tour for a number of years it was a passion for us to bring the PGA tour to Detroit. Anyone that knows a story of Detroit. Two thousand eight nine and ten the. Pj was in Michigan. There was a lot of sponsorships from the automotive companies in Golf. And unfortunately those all went away I eight nine and ten in the golf tournaments went away. One of our things is we want to be able to do good by the community but also shine a spotlight on her city. What better way than for one week bringing one hundred fifty six? The world's best offers and coaches and trainers and influencers and media networks and the list goes on and on to the city of Detroit in not within the city and so that was a last year for the rocket mortgage classic thousand inaugural year. Were really really proud of how that we want. The most awarded. Pga Tour Event in which we're from a inclusion diversity special events of guy lot of accolades for that we that events coming back here soon. You mentioned East Sports. I am not the target. I'm a forty eight year old guy. In my last recollection of East sports was Sega Genesis in my dorm room. Thirty years in so eastwards eastwards. Make no mistake you know five years ago. I would say it was niche. It was you know on the outside and now look at investments investments on behalf of networks women if I were go through my. Espn feed the foul news through NBA in right around the Gulf. Mma is sports look at what ESPN Turner Yacht like all the networks have invested in the audience skin quite so Dan Invest Dan. Gilbert invested in eighteen called the thieves part of League of legends that League of legends they average Ninety million unique month on Youtube and the Super Bowl has one hundred and fifteen million so it is ask AOL The passion that I see from East. Sports fans is something. I have not seen here. In the United States giving example as we are a sponsor and we are the first brand to bring the League of legends is a brand partnership to life. So we are. We are partnered with illegal agents summer finals. Paseo in Detroit and I went to and I had a perception of what I was going to see. The perception is what we probably all think like. It was young very young audience. They're not they don't buy cars. They don't own homes they you know. They're very young and I walked at arena and we sold the arena out and I walked arena for two and a half days and I was blown away by a couple of things one is. The audience was more mature than expected amount of Santa Perception. But also the passion. I've been blessed to go to a couple of soccer games in Italy where I want to give us an assault ventas play just a mid level team on a Lazy Summer Day into the game. Meant nothing in. There's thirty thousand people in that stadium and I could've been at Michigan Stadium on a Saturday. Plano HOW STATE THE PASSION THE KNOWLEDGE THE LOYALTY. That eastwards fans have was nothing. I've ever seen before here in the states. Release since I've been growing up as a whole so that's awesome and then a one thing that you had mentioned one of my proud about we brought Forbes thirty under thirty here to Detroit for the first time this past year and I would love for you to come in. You've gotTA CHECK. This thing out is not ten thousand of America's youngest smartest minds that descend upon the city and it is like it is not something I sat and had dinner with twenty one year. Old Young folks that are already on the second company already built a soul What's next folks ahead immigrated here the United States at a very young age and found you know found their passion small business. Whatever might be in a chance for us to have ten thousand people come to the city of Detroit for the most part the first time ever in so they're able to see they have a perception or they're told but they come here. They see it for their own is in. It's a chance for us to shine yet. Another big spotlight on the city. So those types of sponsorships partnerships. They do a couple things one is. How can we lift up brand? I'll be relevant to our clients but it's also especially for things we do here in our cities is how can we shine a spotlight on everything that's going on in our communities Beyond sponsorships you've got you mentioned it earlier. I think we talked about a little bit last time. You're on but you've got one of the largest in house agencies in the country if not the world I think we talked about it before. I WanNa say you were right around two hundred people but I think it's up to three hundred folks on almost now inside your in House Agency and I'm just I wanna ask you a little bit about like why in house and then where you a growing where are you expanding your in. So we have ring when we talked last time out. I think we're about a hundred and fifty team members and actually this morning I was doing space planning with my team because we're busting out of that bus out some walls here in downtown Detroit. We're building on some new space in we're upwards now two hundred eighty members on the marketing team in when our interns arrived which is just a few weeks we love it turns around. Vir of forty plus turns.
"quicken loans" Discussed on Marketing Today with Alan Hart
"You cannot miss your guys. It's about bolstering and talking about how Great Detroit is. What is it that excites you on a personal level and then you know what excites the company about Detroit yet? Great question being just a little bit of a history lesson. Quicken loans In the family companies thirty five year old company or chairman and founder. Dan Gilbert started the company thirty five years ago and we sell out are celebrating this year. Ten years being in downtown Detroit Zoo's organization continued to grow and we were looking at what was next what was next was making a move to our city and working in downtown. Detroit and so what was seventeen hundred people team members ten years ago we now have over? Eighteen thousand team members here in downtown. Detroit spread out across dozens of buildings and out super exciting to be here in downtown. Detroit as the city continues to go through nine. Only react. Revitalization RENAISSANCE. Man is so exciting to see what is happening in the great American city in Detroit. No it's great. It's great to see and it's great to see a company like quicken loans and the founders in everyone all the executive team to get behind the place that defines where you come from so. I applaud your efforts in that regard. Well it's in one of our philosophies here so Dan. Dan started the company he developed these foundational values That we call `ISMs these are very simple phrases things that we use in our life a lot of times yes before no take the roast out of the oven. The one that we use quite a bit here is every client every time no exceptions excuses in that also so that applies to our client focus when it comes to achieving the American dream of owning home but also doing good doing good not only for our clients but for our community in that that really drives the drives the passion in culture here at the organization is taking care of their clients but also doing the right thing and with a former than prophet Philosophy and helping our community in the cities of Detroit Cleveland and Phoenix where we have large presence. And how's business? Doing I think the last time we talked you had just become. If I'm right I may be off but you just become the largest mortgage lender young. When we last spoke in that year in two thousand eighteen in the during the Super Bowl we launched a campaign with Keegan. Michael Key one of Detroit's owns in the translator campaign and we make the proclamation in we made the proclamation and we're able to tell the the country that we're now America's largest lender. That was in q one of two thousand eighteen and as we roll through two thousand nineteen. We had our best quarter ever and we we ended the year. Two Thousand Nineteen. We did over a hundred and forty five billion dollars in low loan origination loan volume in. That was actually forty five percent above our best year. Ever so that feels pretty damn good feels pretty damn good. I can tell you what I love about this organization. It's like the old Jimmy Johnson Jerry Jones rule you get about twenty four hours to celebrate and then it's what's next. What'S NEXT FOR US? Is INVESTING IN PEOPLE PROCESS TECHNOLOGY? The market is on fire. Get yet again. And we're you know we're setting yourself up for a another hopefully record breaking year in two thousand twenty. We just finished. We just finished back to back best days ever. The rates are an all time. Low in feels good is a is. A company feels good as a marketer to be able to succeed in the fast paced environment. That's awesome that's those are desert startup numbers growth numbers. You know forty five percent. That's amazing for a company. The size of quicken loans. Yeah we had. We had big aspirations big goals in two thousand nineteen thankfully market cooperated with US along the way. But it's also the determination that our team members here have quicken loans of. We don't rest it's always about what's next. What could we be doing better? Can we be better for the company the Organization the community but ultimately it's all about the clients? One thing that Dan Gilbert always talks about his love your clients. Love your team of be honest. We're not going to have a team unless we have clients. And so that's where we've got people obsessed here finding of underway and making sure our clients are taken care of. It's awesome. I know last time I'm pretty sure last year when we talk Super Bowl we gotTa Talk Super Bowl again because my understanding is rocket mortgage by quicken loans. You launched one of the highest rated super bowl commercials this year. And it was starring Jason Momoa and in terms of him. Getting comfortable at home was the context. But I'd love to know what went into making an award winning commercial like that or highest rated commercial like that and the second. I don't think I've ever seen Jason Momoa to a commercial before so curious about how you got him in the first place. Well thanks thanks for the compliment. Would I'm very very proud of if you go back over the last ten fifteen years of super bowl commercials generally will use USA Abney or as the benchmark if you will by and large in the top ten every year are tried and true super bowl brands. You'll have a beer. Companies auto companies may be a fast a quick serve restaurant in Amazon. Nfl So to be a mortgage company commodity based Organization in brand to have an ad in the top ten is something. I'm very very proud of in the process. Grueling you know anyone that other. Cmo's that you've spoken to and people that listen the Super Bowl. Process is It's a grind. But what I keep telling myself time after time this was my fifth Super Bowl campaign. I've been blessed enough to be part of when times are tough. You're working late nights early mornings. You're not sleeping while what I keep telling myself. As if this was easy everybody would do it when you go on your buying a sixty second spot. You Invest in the production investment all the other media that surrounds Adam. Let's be honest. It's a twenty million twenty five million dollar sixty second play for your brand in things can go very well into go bad in some ways if nothing happens that's almost worse as all that money but I'm also the process for that it's a grind starts with finding creative partners Were in large in house agency. And we'll talk about that. I'm sure more but we also go outside for one comes super bowl. So we had over. Ten agencies pitches ideas with one hundred and fifty ideas. We start with saw the Jason. Momoa comfortable idea very early. We liked it. We continue to shape it in a certain point before I got too excited. We wanted to make sure that Jason Momoa in his camp and his supporters were in favor of it and we took it to him. And as you mentioned Jason. Momoa never done a paid endorsement before. He's got an affinity brands. He works closely with Carl. Hart in Harley Davidson. Those are brands that he grew up with passion for and when we took the idea to Jason. The reaction was. Oh my God this is maybe the best if not the best idea I've ever seen. I don't know if I WANNA do up eight endorsement in so we got to know each other in. It wasn't about the creative idea. It was also sharing the story about our brands. And so what Jason Maybe knew of US was obviously were mortgage company. He knew Dan Gilbert the Dan involvement in NBA and other business dealings. But he didn't know who we were as rotation so we shared with them those philosophies of every client every time what we're doing in our cities Howard work with communities involved in with veterans in so while the creative idea was there. We formed a partnership before we even came to an agreement can listen. Jason Momoa I've been blessed to work with a number of celebrities of the various brands. And I can tell you what you see on an interview. Couch shore on social media is who is in real life couldn't have been nicer collaborative smart beyond funny They'll tell his dream Snl character and he loves so he loved about really loved about this was. Let's be honest. Jason Momoa six foot four two hundred forty pounds great looking great head of hair in this game a chance to show. The world is comedy chops and ETHICA team out. It came out certainly in so really excited to work with a with a high level. Talent like that is wife. Lisa Bonet Ed who? I've been watching lease on her town and she wanted to be part of the commercial and so all of a sudden that was exciting. And that you know I was part of our Super Bowl campaign and she was really hands on involved with the creative process. And so when you're a brand you take the risk there. If you take the leap at the opportunity to be on the super bowl to spend all that money you hopefully find the recreation idea you find the right partner and that was in my twenty five twenty six years what I've shared with that was the Most Collaborative Well oiled account process between our agency. High dive on Chicago. Mike Your Marketing Team Jason. Momoa is camp like it was just the most well organized aligned team effort because it truly takes hundred plus people at any given time pulling the same direction to burn a super bowl camping life. Yeah it definitely no small feat to like you're describing an I like how you're talking about getting to know Jason to make that partnership work. I think that's vital and his point about his authenticity. It just comes off the screen when you watch the how. This commercial was made Video that you guys put out as well you can just see. He looks like a fun guy to hang out with. Frankly exactly right On is that e four. We shot we went and met him invited to come visit him onset where he was shooting another project and he had shot all night so he had shot from seven. Pm Seven Am. We rolled in at nine am. He wrote up all night. He came in for two hours. We just ideas on the concept. He gave me back thoughts. And how about this about that? In which you know. Let's not that it's happened to knock on wood but you could have a talent show up. Give me the script. I'll do my work out. He knew that if I'm going to do a quote unquote eight endorsement. I'm a partner with a brand that I have the ability to influence have influence ever say in thankfully we are of the same mind in which Jason Not GonNa tell you to do anything. Let's work on the right thing to do. And Use a collaborative partner from pre-production onset postproduction. We were talking to him two times a day is we were wrapping up production and moving from a rough cut into finishing We're talking him in the morning and night every day for a week. Just reviewing cuts and edits in. Tate's and things like that and you don't get that from a lot. Probably get that from a lot of town but that was somebody that said if I'm GONNA put my brand out there in front of one hundred and fifteen hundred twenty million people. I WANNA make sure that we're both happy. And so just really really proud to to have met Jason. We're still talking him quite a bit about some future things and it was purely an honor. Not Great Great and the results showed for themselves in terms of the rankings on the USA Today at meter so to speak at. And you're in good company with your former company up there. Fca in the jeep spot sets. It's kind of funny. Yeah in the G. The G spot was awesome..
"quicken loans" Discussed on Marketing Today with Alan Hart
"The for all of us. It's about predicting where the consumer is going and getting Catholic right. One of the things we want to do is create ads. That don't suck then. Bracing chains creates great possibility. I'm Alan Heart. This is marketing today. Today on the show got Casey Herbicides. He's the chief. Marketing Officer of quicken loans is actually Casey second time coming on the show. Last time he was on episode ninety eight back in June of two thousand eighteen. Get updated view on quicken loans and rocket mortgage activity today on the show. We're going to talk about his super bowl commercial. That launched earlier this year with Jason Momoa. Who Most of you would know as Aquaman and we talk about how that came about With Jason Momoa the partnership with the NFL and rocket mortgage being the official mortgage sponsor of the NFL we also talk about other sports sponsorships like the PGA Tour East sports as well as a Forbes thirty under thirty programs and the impact that it's having on Detroit which is the hometown of rocket mortgage and they're doing quite a lot to bolster the city in the community that they're living in so. I hope you enjoy this conversation with Casey Casey. Welcome back to the show. Thanks thanks for having me. It's been almost two years since we chance to Jansen. Thanks Yeah No. I know it's been way too long. Wait too long. I think when we talked last time we one of the things we talked about. We talked about a lot but one of the things we talked about. Was your personal connection to Detroit. And if anyone that's listening follows you or quicken loans..
Should You Refinance Your Mortgage Now? Maybe. Maybe Not.
"Try to refinance your mortgage. We sounds like fun. Doesn't it. Well you know it could be worse right. Look mortgage refinancing applications SPIKE ABOUT EIGHTY PERCENT. Two weeks ago in response to a sudden dramatic drop in the interest rate average. Thirty year fixed. Interest rates dropped to three point two nine percent. That's the lowest since mortgage by Freddie Mac started tracking in one thousand nine hundred seventy one according to the Associated Press some eleven million Americans with mortgages could save money by refinancing according to Bank rate earlier. This month you know about one hundred years ago in Corona virus time. The New York Times predicted that the opportunity to sell millions of loans would be a boon to the country's largest mortgage lenders now those are respectively quicken loans and Wells Fargo quicken washed its digital only rocket mortgage in two thousand fifteen with its. Ad Campaign push-button get mortgage. The company disrupted the state industry. Rapidly rose to the top as rockets do by two thousand nineteen quicken was the country's number one mortgage originator with more than one hundred forty billion dollars in loan volume according to trade publication inside. Mortgage Finance Wells. Fargo was number two with about ninety five billion dollars in funded mortgages the New York Times predicts that the surge in refinance applications will be good for lenders however ultra low interest rates also put pressure on lenders profits and of course the picture couldn't be more unpredictable or complicated because of other economic factors like a potential recession that could force some people default on all kinds of loans that would also reduce bank earnings clearly so says the Wall Street Journal in the story gloomily entitled. Everything is awful all at once for. Us banks. But we digress. Now it would seem to be a great time to refinance a kind of a couple of reasons to think maybe not so much I. The process could be time consuming. Right second though systemically. Low rates quickly became harder to find last week. The average rate rose slightly but the rates lenders were actually offering spiked on March eleventh by March. Twelve it was hard but not impossible to find a lender advertising a thirty year fixed rate under four percent ben laying a rider with the online site. Housing wire suggested that some lenders are inflating their advertise mortgage rates to try to stem the tidal wave of mortgage applications. One Lender told CNBC. Just that there were advertising rates as high as seven percent. But if you could get through to a mortgage processor you might get alone for less than three percent. The inflation stemmed from lenders need to process the flood of applications. They've already received not an easy task. Many trunk their staffs over the past several months anticipating higher interest rates the perfect storm fewer workers more applications left lenders overwhelmed Matt Weaver Vice President of sales at Cross Country Mortgage Tolsey NBC. That it's absolute pandemonium. Those are his words. He likened the activity at his company to Home Depot during a hurricane. Wells Fargo said. It's hiring additional employees and shifting workers from other departments according to the AP but the surge is also putting pressure on related professionals like appraisers entitled firms. You have to have both to close alone right. Kevin Williams of Gainesville appraisal service in Florida says some appraisers overwhelmed by business or
Mortgage Rates Fall To Record Lows. Does It Make Sense To Refinance?
"Many people across the country have been calling up mortgage companies this week. There many people asking for refinancing of their home loans. That's because mortgage rates have been hitting record lows. Npr's Chris Arnold been following all this and it's on the line. Hi There Chris a Steve. What's causing the drop in interest rates? Well stocks of course have been falling over fears about the krona virus. And that is that people are buying treasury bonds. It's like a flight to safety. Because Treasury safer investment and the Fed has also been cutting rates and all that is leading to the lowest mortgage rates on record over the past fifty years and how many people are trying to take advantage. Well we're seeing a very big jump that Last year I think it was three times the normal rate of mortgage applications and people are calling because they can save hundreds or thousands of dollars what we talked to Jay Farner. He's the CEO of quicken loans. In the last week we've probably had three record days. Yesterday was again a new record for mortgage applications. It really is one of those once in a lifetime opportunities. I I'm not certain while see rates likeness again. Ed this is maybe like the one silver lining in all these dark clouds around the economy. Because of this very scary corona virus and it's having this effect of lower rates so a lot of homeowners can save money refinancing. You can save money. Buying a house to all of that helps regular people and it helps out the the the the broader economy. I guess if you're running the Fed You're happy about this. This is why you've been cutting interest rates. You want to encourage economic activity in moment when a lot of economic activities seem to be disrupted in some ways. But how do individual homeowners know that? It's worth refinancing given that it ain't free right. Well I mean by definition mortgage rates are at record lows. That means anybody with a house has a rate that's higher than the rates. You can get today with the question is. Is it a big enough drop to make it worth it if you refinanced? So I talked to Mike Fratton Tony. He's the chief economist. The Mortgage Bankers Association. He worked up this estimate based on rates from last week. More than eighty percent of all homeowners with the mortgage could have benefited from refinancing. They could have saved at least half a percent in terms of the rate on their mortgage and then given that rates have fallen even faster. This week you know that just means that the vast majority of all homeowners at this point likely would benefit from refinancing and Steve is to put some numbers around this. If you can drop your rate by one percentage point that doesn't sound like much one percent but that going to be very big effect if you have good credit a year ago rates on a thirty year fixed rate loan were four and a half percent now there around three and a half percent so on a three hundred thousand dollar mortgage that changed that one percent change can save you two thousand dollars a year in mortgage payments. Some people could save a lot more so this can mean a lot of extra money in people's pockets any other factors that people should think about. Yes for sure I mean. One thing is Shop around two or three lenders right now because of all the turmoil in the markets. That's really important. You get a better deal if you shop around Next thing is the fees. Make sure that they're worth it and a lot of people don't understand this last one. I if you've been paying your loan for a long time. It's often not so good to go back and start over with a thirty year loan. Now you'RE GONNA pay a lot more interest so you can get twenty five twenty fifteen years even better. Those are better options. And when you say fees that can be several thousand dollars for refinancing Yes yes definitely pay attention Chris. Thanks so much thanks
"quicken loans" Discussed on 850 WFTL
"Quicken loans quicken loans is celebrating our best quarter ever and now we're celebrating some of the lowest refinancing rates ever rates are historically low you may be able to reduce your rate and save money on your monthly mortgage payment right now this is your chance pay off some credit card debt or put some money towards that new bathroom or kitchen you've always wanted the rate today in our thirty year fixed rate mortgage is three point nine nine percent APR four point two three percent that's right three point nine nine percent APR four point two three percent while we can't predict what will happen in the future we do know that rates have dropped and now is the time to save money on your mortgage call us today at eight hundred quicken or go to rocket mortgage dot com to learn how refinancing now may be the right mortgage solution for you that's eight hundred quicken or go to rocket mortgage dot com rates subject to change a two percent B. or C. this discounted rate call for cost information conditions equal housing lender license in all fifty states and MLS number thirty thirty Austin wants to video chat our thirty two year old son who calls instead of stopping by interpret that he must have another start up idea he wants us to invest in the hand crafted beer pong table business didn't work out big surprise well we're running out of excuses it was rightly pretending we don't know how to video chat and now he knows we have a special AT and T. plan for people fifty five and over all rights so just pick up and I'll ask about giving us grandchildren in hell hang up idea Hey son what's up Hey sweetie another investment opportunity while you are full of ideas D..
"quicken loans" Discussed on WIBC 93.1FM
"Of quicken loans quicken loans is celebrating our best quarter ever and now we're celebrating some of the lowest refinancing rates ever rates are historically low you may be able to reduce your rate and save money on your monthly mortgage payment right now this is your chance pay off some credit card debt or put some money towards that new bathroom or kitchen you've always wanted the rate today in our thirty year fixed rate mortgage is three point nine nine percent APR four point two three percent that's right three point nine nine percent APR four point two three percent while we can't predict what will happen in the future we do know that rates have dropped and now is the time to save money on your mortgage call us today at eight hundred quicken or go to rocket mortgage dot com to learn how refinancing now may be the right mortgage solution for you that's eight hundred quicken or go to rocket mortgage dot com rates subject to change a two percent B. or C. this discounted rate call for cost information and conditions equal housing lender licensed in all fifty it's an analyst number thirty thirty production you're listening to coast to coast AM with George Noory major karma the healing.
"quicken loans" Discussed on Power 105.1 FM
"Of quicken loans quicken loans is celebrating our best quarter ever and now we're celebrating some of the lowest refinancing rates ever rates have dropped so much that many Americans can reduce their rate you may be able to save money on your monthly mortgage payment right now the rate today in our thirty year fixed rate mortgage is three point nine nine percent APR four point two three percent call us at eight hundred quicken or go to rocket mortgage dot com to learn more rates of change it to something as a discount rate off because of mission occasions equal housing lender lessons of it is it's an awesome if you're on Medicaid how would you like if you care giver was your daughter your son your grandchild or close friend if you're on Medicaid we don't care can help you hire the care giver of your choice and that care giver will get paid all seven one eight seven oh one eighty five twenty two and talk to freedom care about having your friends or family take care of you and get paid to do it no more worrying about getting care from an eight an agency freedom care helps you choose who you want to take care of you and that person gets called freedom care at seven one eight seven oh one eighty five twenty two that seven one eight seven oh one eighty five twenty two twin role in this program now imagine choosing someone you know and trust to care for you and get paid to do it that's what reading care is all about helping you decide who takes care of you enroll now by calling seven one eight seven a one eighty five twenty two or go to freedom here in white dot com the taste of the Caribbean is never far away with Caribbean food delights Jamaican beef patties available at BJ's Walmart Costco Sam's club and selected supermarket as for the best visit Caribbean food delights dot.
"quicken loans" Discussed on Power 106 FM
"Of quicken loans quicken loans is celebrating our best quarter ever and now we're celebrating some of the lowest refinancing rates ever rates have dropped so much that many Americans can reduce their rate you may be able to save money on your monthly mortgage payment right now the rate today in our thirty year fixed rate mortgage is three point nine nine percent APR four point one eight percent call us at eight hundred quicken or go to rocket mortgage dot com to learn more rates of change a one point three seven five percent discount rate for cost information conditions equal housing lender lessons now fifty states an analyst number thirty thirty shop with warnings exclusive celebrity interviews the biggest names make sure you wait go with me and celebrity parades every morning weekday mornings six our one oh six trade in on top of what it's worth so please help output ports the number one and help yourself to your best deal I put forth conveniently located just off of four five three with the Russell Boulevard exit call one eight hundred go gap in our click gap in dot com one the card bring your family and friends and start a new tradition with holidays at Universal Studios Hollywood take in the magic of Christmas in the wizarding world of Harry potter then gather round the all new tree encouragement and feel the holiday spirit everywhere you turn save up to sixty dollars on an annual pass at Universal Studios Hollywood experience the holidays now through December twenty nine bell for online purchases out to March second twenty twenty black okay supplies like passes restrictions apply the Universal Studios Hollywood dot com for details I was cracking ya Felli bottom a push a little bit about me already he just dropped he's called eighteen hundred second volume two curated by none other than my boy future that's right future teamed up with eighteen hundred tequila too great a new album featuring seven in his favor rising artists and it's for a future in eighteen hundred snapped on missile Melanie tell you not only that the album features alleys own Sean Sloan one of the hottest artists in.
"quicken loans" Discussed on My Career Fit
"So I asked Adam what makes their organization different set apart from other mortgage companies around the country. You know some people say this but we really really believe this. What makes us different? Is it all starts with our culture and so you know our culture revolves around wine and caring about clients and caring about what we say every client every time. No exception nobody It's caused us to win the JD Power Award for Milk Line Status Faction mortgages for the ten year in a row but decade straight for the sixth year in a row for servicing as well testament of it but you know mortgages themselves are usually thought of being fun or being simple or being easy In through a lot of hard work over the last thirty years we you know truly succeeded in making it that way you know. The technology and user experience is top notch. Is You know industry We've got an upbeat and positive environment. And we're truly obsessed with finding a better way. We're not anywhere near done yet until we're continuing to get better and better and better you know. We're also super bowl to the communities that we work in plan until From our mission to end veteran homelessness to building houses with Habitat for humanity. We really do it all as a whole though it. Our culture is really built around how much we care about. People caring for people caring for their clients. No exceptions no excuses. This is how quicken loans leaves a mark. This is how they create an impact in change their industry. You know the bedrock of the colts for the foundation is really built on our nineteen. Ism that we call until these these `ISMs go from everywhere from dual rate thing to the inches. We need are everywhere around us to not about who is right but about what is right. And you'll see it when you believe it making every second counts so these `ISMs really You know really you know. Create a lens for us to g through and live through as far as how we work each and every single day you know on top of that our culture and died. The office is a fast paced. Fun People Focus Culture. It competitive vibrant dog friendly. You know you name it. We've got it until it's not just about the the great benefit that we offer. But it's about really having a great team of folks to work with every single day and leaders truly care about all the individual's ear and so it it it just super fun and energetic culture as soon as you walk in the doors the office you feel it coming at you you know we can originate loans and we originate loans in all fifty states and that's the great thing about. This is really no matter where you're located you can originate loan for client than all fifty states. We have bankers that work from home yet. Bankers that work remotely as well when you really get up and learn how to do the job at a high level than and be remote banker were in working from your Home Office and so You don't need to be in the state that you're doing your originating organization You can originate orbited all across countries. Today's job seekers are steered by strong values at all stages of their careers. I asked Adam to sum up the Cleveland Banking Team Culture in three words and also asked him to talk a little bit about how folks thrive within the banking team there and how it translates into hiring earthward would be people You know we really care about everything from our client to the people within these walls We really do have a deep rooted. Passion for helping people for working with both second word is came unity. You know we stay that we're all in or all in on the city of Cleveland In in helping out the city that that we work in that we play in the community across the US as well the third work with the opportunity. And so you know we look for you know. We look for leaders. We're looking internally for the leaders of who were developing in Howard developing them as the opportunity. If someone doesn't want to go into leadership terroristic stick your income Or the opportunity to have that. Lifelong career with both flexibility. Earning potential and again most importantly a culture that you want to be a part of the you know healthy and strong support a growing quickly and there's opportunities there if you're a competitive person you like to compete elect to win. You don't like to lose. You have a fun time competing. This is the type of environment you want to be in. Its competitive in a sense that everyone wants to compete and win. But no one's actually looking to anyone else. You're not jocking position or anything along those lines. It's friendly competition. Open minded. People do extremely well as well and so When we when we you don't have to come into quicken loan knowing everything. There is to know about bridges or having it all figured out or even with any past experience in the financial industry. All we're going to teach and coach people that so people that are open minded and coach -able looking to learn new things and open to trying different way to do something and at our trouble or accept feedback or looking for feedback and want to implement it. They're going to grow very quickly. When you're helping our clients with the biggest asset of their life. Their home you truly want to care about that so people that care do exceptionally well here. You know banking is is the role that someone interested banking or they're interested in leadership You start off in mortgage banking you learn the job and then you go into leadership or if you're interested in continuing to stay mortgage banker Which can mean that you go into you know? One of our various different specialties helping clients by home as opposed to helping clients refinance home as opposed to just working with only are asked by or working with one of our strategic partner or maybe working on one of our reduced ours There's so many different specialties. Within banking that once you learn it which takes about a year or two to release figure it out. Then you have the opportunity to go into these different specialties and try different areas or quicken loans. We just had our record setting our best year ever and we're continuing to grow The position you know. We're looking at a mortgage banker mortgage loan officer Is One where you don't need to have any experience In banking or in finance or the lone officer or and mortgages at all it something where we pay to Bison and train all of the people that were hiring for this position We even pay our. You know our team members as they are getting lights and as they are getting trained as well. Which is you know. Super Special Thing. A lot of companies both. Hey you'll get your license. Then come back or will endorse you to pay for part of your license. Not We'll pay for the training we'll pay for the licenses. We'll even pay you as you're going through it and then from there you go through training and about six months of Their standardized official training In depth training and then you go into the role where you're originating at that point time very small teams die every single client that were. Hanley at that point nine. There's a leader that were in with if you for you know I mean hundred two hundred or visit here originating to make sure that we have A lot of Anton experienced from our leaders. And then from that. You know what you really need to have a great attitude and open minded perspective. They want to continue to learn grow. it's not something that you figure out months or a year at all figured out you're going to continue to learn and grow in your second third fourth fifth year And that's the exciting part about it. No Day is really the same You're talking to Roughly a dozen or so new client every single day. There's no cold calling it. Something where you have clients that are either calling directly to or you're getting A warm transfer of a client that we've already bedded out of make sure that they're interested in a date that your life bent and that they're looking to accomplish whether the refinance or purchase what your specialty is and that. Hannity on the phone. So that There isn't that cold troutbeck there until from there. You know once you you really once you get kinda going in that that career you're helping it L. Client it to understand what their financial aid. Dr Develop a relationship with them and then lead them to the right decision was mortgage banking is not something. Necessarily you know this is. This is something that I'll I'll talk about with our with our new hiring classes. They'll say mortgage banking. It not necessarily something that people stay on career day when they're growing up but it's something that want people here the or come into the culture that we have here. People are blown away by the opportunity by the energy by the care that we have and really efficient that were on the whole though it. It is something that you know surprisingly theory area tighting and I think that's what you know. Let us be the number one place to work. North East Ohio Warrant Award. This year is at the top of the work. Point dealer Elliot. We're very proud of that. We look to continue to you. Know women grow and get better. You've been listening to the my career fit podcast. You think you're a great fit with this organization head over to their website today to learn more and apply online. You can find everything you need to know in the show notes on this episode. Thanks for listening and remember to rate. Subscribe and comment on the podcast. You just.
"quicken loans" Discussed on My Career Fit
"At quicken loans. No one starts out as an expert but their goal is to help you become one by providing you with all of the support training that you'll need to succeed as a mortgage loan officer in their Cleveland Office. Welcome to the my career fit podcast. A production of pipeline search solutions making the career. Search more humid with the microwave fit. Podcast employers can share their career opportunities. And what it's like to work with them so you can find the right debt. Welcome back to my career. We're speaking today with Adams. Specs senior vice president of mortgage banking with quicken loans in their Cleveland Ohio branch. We're talking today specifically about culture strong values and how that translates into hiring and career opportunities to my name. Is Adam SPEC? I'm a senior vice president of mortgage. Make here quicken loans and I lead our Cleveland. West Center are mortgage.
Harris, Embiid lead 76ers to 114-95 rout of Cavaliers
"The Philadelphia seventy Sixers improved eighty five on the young season as they route the Cleveland Cavaliers one fourteen in ninety five at quicken loans arena to buy shares putting twenty seven points to lead all scorers Philadelphia took a lead midway through the first quarter and never looked back Philadelphia shot sixty seven percent from the field in the first half they led by as many as thirty one in the third quarter Cleveland was led by second year guard Colin section with seventeen points Jordan Clarkson put in fifteen the Cavaliers fall to foreign aid Lodhi Cleveland
Just how beneficial are 'Opportunity Zones' to residents in low-income areas?
"As a government policy the idea of these opportunities owns has been around for decades low income areas get special tax incentives to encourage investment presidential candidate and senator Cory Booker has been a big proponent of opportunities owns as a way to inject capital an ailing cities like Newark New Jersey which is got millions of dollars in private investment under the policy we know that kids growing up in low income areas actually will make less money than their peers growing up in areas that have more economic investment and so when I was a mayor of one of America's poorest census tracts was mayor of Newark New Jersey one of my major goals every day was how can I get capital invested in my communities to create economic opportunity roughly twelve percent of census tracks around the country are being re classified as opportunity tones including almost all of Porter Rico conocer questioning just how beneficial these tax breaks will be to residents of low income areas and new reporting has emerged showing how this program has already been manipulated to further benefits the ultra wealthy for more on this I spoke with Justin Elliott a reporter at pro publica and Samantha Jacoby a senior tax legal analyst with the center on budget and policy priorities and I started by asking Justin to explain just what an opportunity zone is so this is a program that was created by president trump's tax law that was passed back in in twenty seventeen and the basic idea is to give series of tax breaks to people who make investments in poor areas around the country the goal is to incentivize new investment in the areas that need it most and there's an interesting history to these ritual get into in just a moment but let's let's focus on some of the latest news we just saw senator Cory Booker representative Emmanuel cleaver and representative Ron behind sent a letter to the treasury inspector general that would investigate the potential political influence on how these zones are selected what exactly are they talking about basically they're they're talking about the process by which the areas that are eligible for this tax break were selected so my colleague and I ProPublica and also other reporters at The New York Times have written a series of stories about how several very politically connected billionaires have to use their influence to get areas where they owned real estate made into these opportunities owns thereby qualifying them for this very lucrative tax break and doing it in ways that are potentially not really aligned with the original policy goals of the program the idea of using tax breaks to revitalize low income areas has been around for awhile where did it originate and how is the sort of legislation that we're seeing now different from its original intent as he said there there's sort of a long history of what's commonly called a place based tax incentives and and the idea is by encouraging investment in areas that are historically distressed where residents might have faced a systemic discrimination or lack of opportunity by encouraging investment in those places you might create widespread economic benefits new jobs things like that your examples of those going back to early nineties are things called enterprise zones new markets tax credits the difference here I think is that the opportunities on tax break is really centered around capital gains which primarily float to the top one percent of people so by definition these are gonna directly benefit wealthy investors and may or may not have benefits for low income residents of opportunities up before they they were rebranded opportunities owns and before the trump administration has created this new version of an opportunity zone did these ever work in the past did these enterprise improvement areas are business improvement districts or whatever we want to call them have they worked in the past Samantha I think there's Serena and mixed results the there's been criticisms of of these types of policies that they could be easier feeling gentrification and displacement of low income communities in these areas maybe they have some affect on job creation but it's not clear whether those jobs that are created are filled by residents of the is a low income areas or whether the jobs go to people from outside the areas so I talk a little bit about who's benefiting more but Justin we just talked about the news here that there are representatives who are who are concerned about how how these loans are being selected but wasn't Cory Booker a big supporter of the opportunities on program yeah absolutely it is a program that is very much had bipartisan support and actually existed as a standalone bill before it got put into the trump tax law Booker has definitely championed the idea I ELT sometimes refers to these areas as domestic emerging markets because that is the term uses and the idea of a in its current form anyways you can trace this back to Sean Parker whose Silicon Valley billionaire early Facebook investor who actually created a think tank in Washington DC to push this idea which it was ultimately successful so Samantha let's talk a little bit about how it works here is we are we're talking about things like capital gains and probably most folks like myself will not ever come near a capital gains so if I'm a wealthy investor and I'm looking at an opportunity stone what's going to drive me to what either create a business there or build a an apartment building there what what type of investment are these opportunities owns trying to attract and what's the benefit to people who are who have all this money to go there and and invest so just for a little background capital gains come from increases in value of expensive assets like stock or real estate typically only wealthy people have those and you know it's also important to know that capital gains aren't aren't really tax like other types of income like wages are salaries they're not taxed every year investors can actually avoid paying capital gains taxes by just holding on to their assets for over time and that itself is a big benefit and then when they actually are taxed at taxed at a lower rate than ordinary income but what this incentive actually says is Hey you know even if you sell your assets we'll give you extra tax benefits if you put that gain into an opportunity is on so the first thing is you you don't have to pay that tax that you would otherwise until twenty twenty six as long as you hold on to that investment and the opportunities on for a certain number of years and even then when you eventually do pay that tax you get a fifteen percent cut then the really big benefit comes later so all gain on your new opportunities on investment can be completely tax free as long as the investor hold on to it for at least ten years so what that does is that could create a really big benefit but particularly for projects that have the highest value for investors so just as an easy example an investor might get a much more generous tax break for say the high end real estate as opposed to investing in an affordable housing project Justin you have reported on a few places where these so called opportunities owns have really done what Samantha's laying out here which is benefited the extremely wealthy who have invested here one of the people we're talking about is a man named Dan Gilbert in Detroit who is he and how did he benefit from this opportunity zone Dan Gilbert is the billionaire founder of quicken loans the mortgage company he also owns the Cleveland Cavaliers basketball team in the last several years he's gone on a buying spree in downtown Detroit as some several billion dollars into buying up actually most of downtown Detroit my colleague and I did a story looking at how all these areas in downtown Detroit where Gilbert owns most of the buildings have been named opportunities out it's a one one of the themes that emerge from this was that Gilbert has a number of already planned developments including you know luxury residential developments skyscraper office towers and those are now in opportunities and so what we're looking at is him getting potentially getting tax breaks for projects that he was going to do anyway when the entire point of the program was to incentivize new investment downtown has actually been gentrifying in part because of Gilbert's previous investments in the last several years and in fact these areas of downtown when you look at the data are are much wealthier than the rest of the city but those are the areas the wealthier areas that got named opportunities on's where Gilbert RD owns a you know again billions of dollars worth of real estate and part of the reason they were named opportunities owns is that Dan Gilbert's lobbyist got involved at both the state and federal levels and so there we go with that brings us full circle back to the question about who is influencing who in choosing these opportunities sounds and whether or not they're being chosen because of political motives is that not right that's right so the way that the law was written that there's an enormous amount of autonomy given to the governor of each state so basically the federal government was in charge of deciding which areas around the country were eligible to be named opportunities owns and then that list went to each governor who got to pick a quarter of those as the opportunities and so we see in the in in multiple cases including Detroit where there were you know influential local businessman who lobbied the state and you know in the end the areas were where they already on property were named opportunities so that that's that's what happened to tried and then there's been other reporting about the lobbying having at the federal level and on the eligibility front Samantha were these opportunities owns necessary how are these created and and essentially inserted into the tax law so as anything just mentioned previously opportunities own legislation was originally introduced in twenty seventeen and and the early part of twenty seventeen with bipartisan support but then nothing really happened was that until the end of the year when policy makers were considering big twenty seventeen year end tax legislation that legislation was passed with an extremely rush process you would typically expect with legislation like this to see you know months long public hearings broad expert input on on all sides of the different issues similar to what happened and in nineteen eighty six when there was a major tax reform effort that took years to it to to pass where is this was kind of rushed through in just a couple of months and opportunities owns were sort of slipped into it without a lot of attention being paid to it and and I think kind of as a result of that there are a lot of holes that the treasury department had tend to fill through implementing regulations which actually gave treasury a lot of power to make important decisions about who can actually benefit what types of investment can qualify and you know what they could have done was add significant public protections to it to make sure that investments have public
Cleveland Cavaliers, Quicken Loans And Detroit Area Hospital discussed on Sean Hannity
"Dan Gilbert, the billionaire businessman, and founder of Quicken Loans is currently recovering comfortably Detroit area hospital after suffering, stroke like symptoms on Sunday. Just last Tuesday. He introduced new Cleveland Cavaliers coach John beeline at a press conference at the Cavaliers training facility in independence,
U.S. billionaire, co-founder of Quicken Loans, hospitalized
"Also on the NBA front billionaire businessman in Cleveland. Cavs owner, Dan Gilbert, he's recovering after symptoms of stroke. Officials with Quicken Loans that owns the arena, there said in a statement that Gilbert received immediate medical attention. He's currently recovering comfortably after going to a hospital early Sunday. He is Quicken Loans. Not only owns the Cavs, but he also is Quicken Loans. Founder
"quicken loans" Discussed on TalkRadio 630 KHOW
"By Quicken Loans is with you every step of the way to provide a seamless mortgage experience. Visit rocket. Mortgage dot com. Licensed in all fifty states equal housing lender. And MLS number thirty thirty ideal home loans for your next ideal home loan, I've been telling you about ideal because now is the time to get refinance before rates go up even further and when you do refinance rates go down. Don't worry you won't miss out. You will get another chance to refinance. In fact, every time they go down more than three quarters of sent. They will refinance you free of charge. And you're always you always have a two year guarantee on that. They also will do pre approvals which are like cash deals right now they approve you do all the paperwork and qualification all you're waiting for is an appraisal. If that appraisal works out, you close in three weeks or less it is like a cash deal. That's ideal home loans dot com. Three oh. Three eight six seven seven thousand adults who have crooked teeth and always wanted to deal with them. There is a way to do that. Dr Kent Lawson has pioneered new orthodox. Adults straighten your teeth widen your palate, take care of jaw alignment help you with TM J. Stop sleep apnea with natural means in two years or less way cheaper than getting a mouthful of an ears Aurora orthodontics and TM J three zero three six nine zero zero one hundred three three six nine zero zero one zero zero do you have ringing in the ears. Maybe a hearing loss one or both Colorado tinnitus and hearing center can help you. They've helped me as a result of mastitis infection. I was left with tinnitus and some hearing loss, Dr Patty, and Dr Lisa were wonderful. They have comprehensive hearing evaluations, and they have devices that can help your brain, ignore tentatives. You know, there is no cure right now. But there is a -ffective treatment, your brain can effectively forget, the noise, and it's a wonderful treatment. I have it built into my white ex hearing aids you can get it in a neuro Monica device, whatever it is Dr Patty and Dr Lisa are pioneers in..
2019 March Madness Begins
"So the March madness frenzy is now underway because the bracket. I'm holding one in my hands. Just won. I usually fill out two or three. But I'm holding one pristine perfect bracket in my hands. It's only perfect because I haven't yet started filling out winners and losers. That's where you come in. We've got the after hours bracket challenge. Now, you've got the bracket you've got a couple of days to Termine who the winners will be and how you plan on taking out the crew we are inside the rocket mortgage by Quicken Loans studio rocket mortgage is with you every step of the way to provide a seamless mortgage experience. I would love to hear from you about the bracket about what stands out can I tell you what stands out for me about selection Sunday. How wonderful it was to have CBS go on the air and sixty seconds later. We were doing brackets Beatty. Don't make me sit through bunch of analysis and predictions. When I know you're hiding the brackets. Gimme gimme gimme gimme the brackets now and PBS went back to basics. I would say this. If it was any other network. There is absolutely no need for a two hour show that favors the brackets until the final thirty minutes for heaven sakes. It was boring last year. And it was. Drama that was unnecessary because the brackets bring their own drama. So I love the fact that within sixty seconds of the selection show starting on Sunday on CBS. We were already seeing the first bracket which featured Duke as the overall number one this year wasn't that way until Zion Williamson returned and the blue devils ran through the ACC championship if you didn't stay awake. So you're on the east coast, and you didn't stay awake or you had other plans on Friday night and missed Dookie UNC. All it was a fantastic tug of war. It was so good all the way until the end. So we'll talk about that game as well. As what do you did to win the and secure its spot as the number one seed a lot changed over the last couple of days among the ones and the twos. But for the blue devils their fourteenth time as a one seed, although the first time is the overall number one since two thousand fifteen. The other three top seeds Virginia in the south. Now remember last year Virginia with coach Tony Bennett was the overall number one and lost to a sixteen. First time it's ever happened. You remember the name? So this year the Cavaliers the who's our second in terms of the top seed. So the second overall seed. And they've actually got the defending champ in their south region. So Villanova won a third consecutive big east title, but because of the roller coaster ride for the Wildcats season Villanova's a six seed so interesting there we'll hear from head coach Jay Wright a little bit later on. You also have the big bracket BUSTER coming out of the pack twelve Oregon the twelve seed after winning four games in four days to capture the automatic bid. So love it when that happens when a team that wouldn't have gotten in other wise ends up winning the conference tournament. That's the true definition. Of the madness and the little guy having an opportunity every team having the same opportunity to get into the field of
Why Does Beer Foam Last Longer Than Soda Foam?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to bring stuff from how stuff works. Hey, rain stuff. Lauren Bogle bomb here. Poor soda into a glass, and it will foam, but those tiny bubbles quickly die down beer on the other hand will form a foamy head that sticks around long after it's been poured bow their carbonated imported from a bottle can we're fountain. So why does beer form ahead but soda doesn't? There's a lot going on in that foamy beer head from the delicate interaction of gas and protein to alcohol content beer is complex. And we don't just mean the flavor like it. Or hated beer foam is a preview of what you're about to imbibe as each beer bubble releases an aroma. The scent begins to influence your perception of the beverage and wet your interpretation as you prepare to drink it. Plus, a dense had a foam can make a beer feel more. Creamy and flavorful beer is. In fact, the only alcoholic beverage that will form and maintain ahead of foam, the formation of this foam, also known as nucleus involves a complex reaction of proteins. This includes large protein molecules and their smaller. Cousins, poly peptides. One protein specific to barley, malt, which is used in the brewing of beer is worth a closer. Look it's called lipid transfer protein one or LT P one, and it has a serious aversion to water to escape the wet stuff. It will use a bubble of carbon dioxide as a life. Preserver thankfully for LT. P one. There are a lot of life preservers because co two is produced an abundance during the fermentation of beer, and may also be introduced during bottling as LT P one clings to the carbon dioxide and rises to the surface will form a protective coating around the bubble that makes more difficult to pop this helps beer maintained its head far longer than a soda or hard cider. But it's not the only factor at work. Additional hydrophobic poly peptides bond with compounds that enter the beer, courtesy of the hops that beer, usually contains the hubs, I so alpha acids further lend stability to the film, even with the potential for all these bubbles to stick around a foamy head isn't a sure thing. Beer has a sweet spot an oklaho- content about five percent too high or too low in the foam will dissipate more quickly. Keep in mind that beer foam would be nothing without a glass in which to reach its full potential. The next time you drink a frothy glass of ale take closer look at that vessel. Are there nearly imperceptible scratches on the inside of the glass is there a brand logo etched into the glasses interior perhaps at the bottom? This interruption of the flat surface creates a nucleus site as series of cracks and scratches designed to encourage bubbles to continue to form and rise. These special adaptations paired with beers penchant for foam mean its head will outlast sodas, no matter how it's poured. Today's episode was written by Laurie Al dove and produced by Tyler clang for Fermoy in this and lots of other bubbly, topics. Visit our home planet. How stuff works dot com. Hey, Matt I have yet to ride one of those bird scooters. 'cause I hate those things that does not surprise me at all Joel. But you know, I've been getting Instagram adds to give me to become a bird charger to join that gig economy. Oh, that's right. Just like Uber folks are getting targeted to start side hustles to make an extra buck or even to try to make a career out of it. But should you? Do it not all side hustles are created equally. Exactly every week. We dive into practical money topics like this on our podcast. Listen subscribe to our show on apple podcasts the iheartradio app or wherever you get your podcast. Just search for how to money.
What Exactly Are Frankincense and Myrrh?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to brain stuff from how stuff works. Hey, bring stuff Lauren Vogel bomb here. If you've heard of frankencense and Moore, it's probably thanks to the biblical account of the birth of Jesus. According to the book of Matthew chapter, two wise men. Followed a bright star in the east of Bethlehem to where Jesus had been born and presented him with gifts of gold frankencense and Moore during the Christmas season depictions of this event, Argub it quits in American culture, decorating, churches, and shopping, malls alike. But don't let the shiny tinsel and festive candidates distract you from our question today. What exactly are frankencense and mirror? Both frankencense are derived from tree sap or gum resin and are prized for their lowering fragrances frankencense is a milky white resin extracted from species of the genus bus. We Leah which thrive in arid cool areas of the Arabian peninsula, east Africa and India the finest and most aromatic of the species is bus willia- sacra, a small tree that grows in Somalia, Oman and Yemen, these plants which grow to a height of about. Sixteen feet or five meters have papery bark sparse branches of paired leaves and flowers with white petals and a yellow or red center murder is a reddish resin the comes from species of the genus come four, which are native to northeast Africa. And the adjacent areas of the Arabian peninsula. Come a foreign Mira a tree commonly used in the production of Moore can be found in the shallow. Rocky soils of Ethiopia Kenya. Amman Saudi Arabia and small it boasts shiny branches was sparsely that grow in groups of three and can reach a height of nine feet or about three meters. The process for extracting, the sap of these trees is essentially identical harvesters make a longitudinal cut in the tree's trunk which pierces gun resin reservoirs located within the bark the sap slowly uses out from the cut and drips down the tree forming tear-shaped droplets, they're left to harden on the side of the tree. These beans are collected after two weeks people in east Africa and the Arabian peninsula, had produced frankencense and Merv for some five thousand years for much of this time these. Medic resins were the region's most important commodity with a trade network that reached across Africa, Asia and Europe today. Demand for frankencense and Moore has subsided a bit, but numerous Chinese Greek Latin and sanskrit texts reminders of their past importance frankencense and Moore were desired for personal religious and medicinal use in a time before daily bathing people would use the sweet smoke from the resins to make themselves. Smell better. Egyptian women would mix frankencense ash into their I shadow these substances were also widely used in religious ceremonies and burials, according to the Greek writer here notice Egyptians used both frankencense and myrrh in preparation of animals sacrifices and human mummies Jews incorporated them into their religious ceremonies by the third century, BC and Christians by the fourth century, CE the residents also had medical uses in the papyrus Ebbers from fifteen hundred BC priests recommended both resins for the treatment of wounds other ailments. They were once reported to cure included, hemlock poisoning leprosy were. Terms snake bites? Diarrhea plague scurvy and even bald this the high demand for frankencense and Moore created a booming trade in the Middle East lasting several hundred years in the first century, CE around the height of this trade. Plenty the elder claims that Arabia produced approximately one thousand six hundred eighty tonnes about fifteen hundred metric tonnes a frankencense and around four hundred forty eight tons or four hundred metric tons of mir- each year, one of the most important trade centers surrounded and a waste and modern day. Southern Oman this outpost exported frankencense across best Petya India and China for about three hundred BC e to the third century. See the ruins of the settlement remain as UNESCO world. Heritage site known as the land of frankencense, clearly frankencense and Moore were widely available when the wise men visited the baby Jesus around five BC and would have been considered practical gifts with many uses the expensive resins were symbolic as well. A frankencense which was often burned symbolized prayer rising to the heavens like smoke. While mirror, which was often used in bombing symbolized death. So scholars think that frankencense was presented to the infant Jesus to symbolize his later role as a high priest for believers while Mur symbolized, his later, death and burial frankencense and Moore may not be as popular as they once were. But they're still used today in some ways that you might not expect their common ingredients in modern, perfumes, and cosmetics. Continuing a tradition that's lasted years. Scientists are finding new uses for the substances as well. Recent studies suggest that frankencense or its extracts may help intriguing asthma. Rheumatoid arthritis Crohn's disease, and osteoarthritis researchers have also discovered possible benefits of murder in the treatment of gastric ulcers tumors and parasites. This episode was written by Clint pump free and produced by Tyler claim for more on this and lots of other spicy topics. Visit our home planet. How stuff works dot com. You know, people say necessity is the mother of invention. But that's not always true. Sometimes the mother of invention is advertising. Yeah. Or pure accident. How about ego maniacal delusion? Absolutely. Or just a desperate longing. To be cool. I'm Robert lamb, and I'm Joe McCormick. You're the host of the science podcasts stuff to blow your mind. And now we're branching off into the exploration of invention. Invention is the story of human history told one piece of technology at a time the things we made and how they made us invention publishes every Monday, listen and subscribe to invention on apple podcasts the iheartradio app or wherever
Why Are Christmas Trees That Shape?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to brain stuff from how stuff works. Apron stuff. I'm Lauren Vogel bomb and during the final month of the year or sometimes much sooner vast numbers of harvested trees begin their migration indoors or their festooned with ribbons garlands, ornaments and lights, although these trees are grown in the spirit of Christmas. They don't magically or genetically aspire to a perfectly peaked shape after Christmas. Trees reach a height of about three to four feet that's around one meter or should workers start helping the shape along with the process called shearing. The trees do most of their new growth in the spring after that starts hardening up in the summer workers share each tree individually with long sharp knives. The most common types of Christmas. Tree are Douglas fir Canaan for Frazier for and several species of spruce or pine however out of these six hundred and thirty species of conifers in the world, the majority don't actually grow in a strictly conical shape. So trimming is a crucial task when growing these specimens meant to become Christmas. Trees. This pruning process must continue every summer until the trees reach a marketable age, which usually takes six to eight years. So why did Christmas celebrants demand pure middle trees during the holidays the notions behind much of the world's traditional Christmas decor, originated in northern Europe? And particularly Germany where enduring images entails from the mid nineteenth century still ensure that sugar plums are dancing for our heads. And that our Christmas trees are conical in that part of the world energy green trees are pyramid-shaped for good reason each needle leaf layer has a better opportunity to gather sunlight for photosynthesis. If the sun isn't blocked by wide top layers, this tiered arrangement allows the trees to shake off heavy snowfall and the wide spaces between branches that the winds whipped through without causing too much damage, although synthetic Christmas trees, don't generally drop needles on the floor or pose a fire damaged by drying out. They can't replicate the experience of selecting a real Christmas tree. And for a lot of people. It just isn't Christmas without the pie. Any smell of freshly cut tree billions of consumers agree, according to the national Christmas trees association in two thousand sixteen a consumer survey revealed that the sales of real Christmas trees outpaced those a fake trees twenty seven point four million to eighteen point six million. And as they grow and await their moment in the spotlight. These real Christmas trees provide homes for wild birds and animals while storing carbon and generating oxygen and best of all the trees are renewable resource. When one is cut a new one is planted in its place. Most people who buy real Christmas. Trees select pre cut version sold at retail, lots garden centers end chain stores, only twenty three percent of those who opt for the real thing. Go out and cut their own. Today's episode was written by Lori L dove and produced by Tyler clang for more on this in lots of other carefully. Shaped topics is that our home planet. How stuff works dot com. Hebron stuff listeners for all you fans of true crime investigations. There's a new podcast from glamour, and how stuff works Marcus Hanna. Devante Abigail, Jeremiah and Sierra were all black children adopted by two white women, Sarah and Jennifer heart. It looked as if the hearts were the perfect family, but their lives ended in a murder suicide car crash that shocked their friends and made national headlines starting September fourth with new episodes every Tuesday co host justina and Elizabeth follow the families fatal journey even listen and subscribed to broken hearts spelled H. A R T S on apple podcasts the iheartradio app or wherever you listen to podcasts.
Why Is Holly a Christmas Decoration?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to brain stuff from how stuff works. Hey, brain stuff, I'm more in Vogel bomb and during the Christmas season, Holly adorns houses, all over the world, the prickly green plant, and it's red berries, whether real or crafted from plastic are popular ornament for anyone wanting to make their space a little more festive. But where did this tradition begin? Why do we deck our halls with boughs of Holly every December? What does Holly represent in the celebration of Christmas despite its association with the Christmas season? Holly did not get its name from wholly the name of the plant is very similar across both traumatic and Latin languages and its origin is probably the proto Indo European root word Cal, which appropriately means prickly or to prick a proto Indo European being the ancient base language of all Indo, European languages even in ancient times. People took advantage of the sharp ends of hollies leaves druids hung it on windows and doorways to fend off evil, which is spirits before. Holly was hung in houses to accompany Christmas trees, it was considered to be a sacred plant by the. Druids well, other plants wilted in winter weather, Holly remained green and strong. It's buries a brightly colored red in the harshest of conditions. The druids regarded Holly as a symbol of fertility. Eternal life thought to have magical powers in Riddick. Lor cutting down a Holly tree would bring bad luck. In contrast hanging. The plate in homes was believed to bring good luck and protection. Holly was also thought to protect homes against lightning strikes Romans associated Hollywood Saturn. The God of agriculture and harvest and duct the halls with its bows. During the festival of saturnalia early Christian calendars, Mark Christmas Eve as template exhorted her meaning churches are decked though, supposedly saturnalia celebrators didn't allow some Christians to hang bows and honor of Christmas Christians adopted, the Holly tradition from druid Celtic and Roman traditions and its symbolism changed to reflect Christian beliefs today. Christians may consider highly symbolic of Jesus Christ in two ways, the red berries, represent the blood that Jesus shed on the cross on the day. He was crucified. Legend states that Holly berries were originally white. But that the blood Christ shed for the sins of humankind stained the berries, forever, red hollies pointed leaves symbolized the crown of thorns placed on Jesus's head before he died on that cross. Holly is known as Christ Dohrn in German, meaning Christ Owen, both of these symbols are meant to serve as a reminder to Christians of Jesus suffering. But they aren't the only stories tying Holly to Jesus one claims that the cross on which Jesus was crucified was constructed of Hollywood. Another says that Holly sprang up from his footsteps less. Common symbolism includes the hollies white blossoms, representing purity. And the idea that if the Holly used decorate a home for Christmas as prickly. The man of the house will rule for the coming year. But if the whole used is smooth the woman will rule traditionally Holly has been associated specifically with men for whom it was considered to bring good luck and protection, the female counterpart to Holly being Ivy. But let's take a closer look at the science behind this legendary plant Holly botanical name, Alex Aquaphor. Liam is a shrub or tree found primarily in North America Europe and Asia with hundreds of species of the plant ranging from short shrubs, two meters, high or about six feet tall trees up to forty meters high or about one hundred and thirty feet, it's known primarily for its bright crimson, berries, and prickly. Green leaves holies can be evergreen, meaning the plants glossy leaves are on the tree year round or deciduous. Meaning the leaves fall off seasonally white flowers bloom in may or June and with help from insects like bees, the female flowers produced those characteristic berries. Like its holiday companion mistletoe hollies berries are toxic to humans resulting in nausea and severe stomach aches when ingested not. So for some animals, though, berries are a vital source of food for birds such rushes and blackbirds. Although the scarlet berries are famously prominent in homes for the holiday season, they're not the only useful part of hollies, the berries are poisonous. But the green leaves have been used in herbal remedies for centuries for various medical conditions like dizziness fever anti tension, though. There's currently little medical proof of the plan's effectiveness. Also Hollywood is hard and compact making it excellent for carving. It's sometimes use to make chess pieces and walking sticks. If you have a passion for Holly three hundred and sixty five days of the year, the mission of the New Jersey-based Holly society of America is to stimulate interest promote research and collect and disseminate information about the genus Illex members can join a local chapter find out where to get the best Christmas Holly and gaze upon the Holly of the year. As voted on by the HSA board of trustees. Today's episode was written by Sam Abramson and produced by Tyler clang for more on this and lots of other festive topics. Visit our home planet. How stuff works dot com. Hello. My name is Kevin Pollack. Yes. The award winning funny fellow from that film. And or TV thing that makes you smile every darn time. You see it, folks. Did you know, I've got a new comedy podcast that was created with you and mine 'cause I do it's called alchemy this, and it was designed with a single purpose, you laughing a lot I'm talking please. Let someone else drive when listening if you enjoy laughing uncontrollably while running errands exercising or building a crispy cream doughnut machine. In your basement from parts you stole while working there. As an assistant manager, oh, buddy. Boy, I've got the comedy podcast for you each episode. I'm the puppet master who
BrainStuff Classics: How Do Accents Work?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to brain stuff from how stuff works. Hey, brain stuff, Lauren Bogle bomb here with another classic episode from our erstwhile host Christian Sager. This episode sets out to answer a question that lots of us around the office having backgrounds in theatre were curious about how do accents work. Hey, I'm Christian Sager. An I'm speaking with an American accent. But where to accents come from not just mine, but all of them. I let's figure out what an accent is accents are just a part of something bigger called dialects. And accent refers to the way a person or a group sounds a dialect refers to the accent in the grammatical features, inherent and a person's speech. So an accent is just a way of pronouncing a language every single person. Speaking has one your accent results from how where and when you learn the language, you're speaking in and it gives impressions about you to other people, no one has a single fixed accent determined by his or her experience because we can and do control the way we speak both consciously and unconsciously, in fact, most people change the way, they speak depending on who's listening and our accents can even change. When we have new life experiences, but we're to accents in general, come from, well, primarily two things isolation and human nature, we're social animals, and when we're in groups we like to behave in similar fashion and show that we belong, and we do this in multiple ways language is no different. When groups become distinct the way, they speak becomes distinct too. So if a single group, separates socially and geographically think of group f going to one island in group b going to another then over time they developed distinct dialects, they may eventually even sound like two different languages, humans are widely travelled species. And as distinct groups mingled with others their accents changed combining some traits while losing others. No accent is particularly better than another while you might hear some folks talk about accentless English with they're really talking about our dialects like received, pronunciation or. Or general American which are the reference varieties? They're transcribed in dictionaries and often taught to foreign English students, but they are accents and on the less. So what does your accent say about you? It depends on who's listening. You might have an accent that is associated with a particular place like London, for example. But some people may just associate that with England and in all languages, some accents have higher or lower perceived prestige. Meaning they are often associated with a higher social class. For example, Americans have often looked down on the southern US accent, the southern accent is associated with several stereotypes. But other English speakers say in the UK or ustralia might not share the same prejudice. They will however have their own stereotypes about accents. And these stereotypes won't completely carry over to other English groups either. So if there's an accent joke in a British film, your American friends might not get it at all. These perceptions are not based on anything inherent in the accent. If you play recordings of different accents to non English speakers, they won't be able to tell which ones are high or low prestige. But if you really feel that your accent isn't working, then the good news is that you can change it. You'll have to work at it figure out. Exactly how you'd like to sound. And then expose yourself to that as much as possible, but it is possible. Today's episode was written by Ben bolan and produced by Tyler claim for more on this and lots of other topics. Visit our home planet. How stuff works dot com. I'm Erin minke by now, you've probably heard about my newest podcast on obscured. It's a seasonal show that dives deep into a single major historical event. And this season has been all about the Salem witch trials with the release of episode twelve on December nineteenth the entire season is out. It's the perfect opportunity to get caught up and finish the journey. You started or to dive in and binge the entire show, but we're not done. Just yet starting on January second we'll be releasing all six of our incredible historian interviews for you to hear in full. These were great conversations with the leading scholars in the world of the Salem witch trials, and you won't want to miss them. Learn more about the show over at history on obscured dot com
What Happens When Elevator Cables Break?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to brain stuff from how stuff works. Hey, Brian stuff on more invoke bomb, and you may have heard about it in the news in November of two thousand eighteen six people boarded an elevator at the former John Hancock center in Chicago for the ride down from the signature room bar on the ninety fifth floor to the lobby but one of the cable snapped and the elevator plunged eighty four floors to the eleventh floor amazingly, none of the passengers had to be hospitalized. And there were no serious injuries. The passengers thought they had only fallen a few floors. However, they did have to wait three hours to be rescued by firefighters because there were no openings between the floors. So how was it possible? That one of the worst things that can happen to people in an elevator occurred and everyone survived elevators in the real world. Have so many safety features that the kind of thing you see in movies where villain cuts a single cable disaster. Ensues usually never happens. Here's the breakdown. First. Let's look at those cables and a cable elevator system. Steel cables bolted to the car loop over a sheaves achieve is a pulley with a grooved rim surf. Office at the top of the elevator. Shaft the sheaves grooves grip the steel cables. So when an electric motor rotates, the shave the cables, moved to the cables that lift the car are also connected to a counterweight which hangs down on the other side of the sheaf the car and the counterweight both right along on steel rails. Each elevator cable is made from several lengths of steel material wound around one another these cables, very rarely snap. And inspectors look them for wear and tear. But even a steel cable can break. So what happens then almost all pulley? Elevators have multiple cables between four and eight in total. Even if one cable snapped the remaining cables would hold the elevator car up. In fact, just one cable is usually enough. But let's say all the cables did snap. Then. The elevators safeties would kick in safeties are breaking systems on the elevator car that grab onto the rails. Running up and down the elevator. Shaft some safeties clamped the rails. While others drive a wedge into notches in the rails. Typically, safeties are active. Aided by a mechanical speed governor. The governor is poli that rotates when the elevator moves when the governor's spins too fast. The internal force activates the braking system, even if the cables and the safeties all failed. Sure, you would be plummeted rapidly. But you wouldn't quite be in freefall friction from the rails along the shaft and pressure from air underneath the car would slow the car down considerably though, you would feel a bit lighter than normal. Unim- packed the car would stop, and you would keep going slamming you into the floor, but two things would cushion that blow. I the elevator car would compress air at the bottom of the shaft as it fell just as a piston compresses air in a bicycle pump. The air pressure would slow the elevator car down second most cable. Elevators have a built in shock absorber at the bottom of the shaft typically a piston in an oilfield cylinder that would cushion the impact to with all of these features in place. You would have an excellent chance of surviving. Any elevator mishap in the case of the Chicago. Elevator incident. Once the firefighters figured out where the passengers were the crew put up struts to make sure the elevator did not drop any further, then they broke through a wall. Forced to the elevator door open and put a ladder into the elevator to help people up and out. Chicago fire department spokesman Larry Langford told the Chicago Tribune, we don't like to have to go through walls, unless it's absolutely necessary. The only other way to get to the elevator would have been ropes from the ninety seventh floor and that would not be safe. We don't come down like Batman. So we must go through the wall. You sometimes hear that you should jump immediately before an elevator crashes. So that you would be floating at the second of impact would that work? Now, even if you could perfectly time such a leap it wouldn't help. Let's say you and the elevator are falling at a hundred miles per hour. That's around one hundred sixty one kilometers per hour. Unless you have some superhero powered legs when you jump up in the elevator. You'd still be going about one hundred miles per hour. And then you would hit the ground at one hundred miles per hour. Just like the elevator. Your best bet would be to live flat on the floor. This would stabilize you and spread out the force of the impact. So that no single part of your body would take the brunt of the blow. Today's episode was written by Kathryn Witt, born and produced by Tyler for more on this. Lots of other well backed up topics visit our home planet. Testif- works dot com. Hey listeners in lieu of an ad today. I wanted to tell you about a new podcast art of the hustle that breaks down how the world's most fascinating and successful. People got to where they are. It's hosted by Jeff Rosenthal, one of the brains behind summit the world's preeminent festival. Celebrating ideas every show. He grills one guest on how they hustled their way to the top people like Tim Ferriss who believes that being an introvert like he is can make you a savvier entrepreneur tune into art of the hustle a brand new show from iheartradio. And we work new episodes drop every Wednesday, so listening subscribe at apple podcasts on the iheartradio app or wherever you listen to podcasts.
Do Dogs Get Embarrassed When We Put Them in Costumes?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to brain stuff from how stuff works. Hey, brain stuff, I'm Lauren Vogel bomb, and I suspect that some of you love dogs. Some of you might even like dressing them up for warmth or fun Hellene costumes holiday outfits birthday dresses, boots, scarves, wigs painted nails. More boots. Some of these outfits are decidedly sillier than anything. Their owners would wear which leads us to the question of the day do dogs get embarrassed. When we dress them up in humans embarrassment is an emotion, just like love, guilt, sadness, fear or happiness, when someone we know dies. We feel sorrow when people make fun of us. We feel humiliated or embarrassed when something good happens, we feel happiness humans have six basic, emotions, love joy, surprise, anger, sadness, and fear. Some researchers argue that we display only four basics. Happy sad a combo of afraid surprised and a combo of angry and disgusted, but that's a topic for another day, whichever set you go by these. Primary emotions then branch out to secondary, motions such as pride relief and optimism tertiary emotions include excitement, loneliness and embarrassment yet, emotions are fleeting they last for only a brief time. We don't stay embarrassed forever. Or at the very least we shouldn't in humans embarrassment is a so called self conscious emotion, just like guilt. We get embarrassed. When we tripper fall when we burp at the dinner table or spill a Cup of coffee on a nice white shirt as a crowd of people look on. But do dogs feel the same emotions that we do. It's a good question and one that scientists have been mulling over for years if your dog owner, there's no question that dogs become emotional. They wag their tail when they're happy. They look guilty years back had down when they pee on the rug or to a book to shreds. We also know that they can get jealous of a new addition to the house like a baby or another dog or the cat who claims their favorite person's lap. Still many scientists have yet to come to grips with the idea that dogs experience emotions like humans while some argue that dogs do feel a range of emotions guilt may not be one of them. Instead dogs may simply be reacting to their owner's body language in the opinion of some dogs, experienced only instant reaction, emotions, fear, joy, sadness, and anger, which brings us back to whether dogs get embarrassed their scale is certainly different if they do given that they don't have our hangups, and thus aren't embarrassed by things that would mortified most humans like getting caught scratching or licking decidedly delicate itches in public. We spoke by Email with Dr Jessica Pierce, a bioethicist who has written extensively on these Ikoyi of dogs and cats she said as far as I know there's been no systematic research into whether or not dogs feel embarrassment. But I would guess they do that said when we dress them up as lobsters Donald Trump for Halloween, and they put their ears back and tuck their tails down it may not be embarrassment. That they're feeling they might simply find the costumes uncomfortable or unfamiliar, and they might be upset by or reacting to the fact that all the people around them are laughing and acting excited if she had to bet on it Pierce things dogs, probably experienced the same basic emotions as humans. She said dogs. Most certainly experienced what are called the primary emotions such as anger, fear, sadness, and joy, they also likely experience a whole range of secondary, motions, including empathy guilt and embarrassment as for which emotions dogs lack. I wouldn't feel confident putting anything on that list. My guess is that the more closely scientists studied emotional experiences and passages of dogs the more they will find so should you dress your dog up to put it bluntly? If you would feel humiliated dressed up as a lobster or Donald Trump. Then chances are your dog will to appear said when people ask me whether it's mean to dress our dogs up in costumes or fancy sweaters. My answer is ask your dog. If your dog seems uncomfortable then take the cost. Hmm off after quickly taking that cute photograph to post on social media. If your dog doesn't seem to care or perhaps even seems to like being fancied up, then it's fine. Today's episode was by John Pera, Tanno and produced by Tyler claim for more on this and lots of other emotional, topics. Visit our home planet. How stuff works dot com. You know, people say necessity is the mother of invention. But that's not always true. Sometimes the mother of invention is advertising. Yeah. Or pure accident. How about ego maniacal delusion? Absolutely. Or just a desperate longing. To be cool. I'm Robert lamb, and I'm Joe McCormick. You're the host of the science podcasts stuff to blow your mind. And now we're branching off into the exploration of invention. Invention is the story of human history told one piece of technology at a time the things we made and how they made us invention publishes every Monday, listen and subscribe to invention on apple podcasts the iheartradio app or wherever
BrainStuff Classics: What Is The Oldest Living Thing?
"Support. For brain stuff comes from our friends at rocket mortgage by Quicken Loans are excited to introduce their all new rate shield approval. If you're in the market to buy a home rate shield approval is a real game changer. And here's why first Quicken Loans will lock your rate for up to ninety days while you shop, but here's the crucial part every up your rate stays the same. But if rates go down your rate also drops either way you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started. Go to rocketmortgage dot com slash brain stuff rate shield approval. Only valid on certain thirty year purchase transactions. Additional conditions or exclusions may apply based on Quicken Loans. Data in comparison to public data records, equal housing lender. Licensed in all fifty states and m s consumer access dot org number three zero three zero. Welcome to brain stuff from how stuff works. Hey, rain stuff. Lauren bulk ObamaCare with a classic episode from the vault our earth while host Christian Sager is exploring a tangling question. What is earth's oldest living thing? Neighboring stuff Krishan Sager here. So as far as aging goes humans have it pretty good. I mean, we're no giant tortoises, but we're generally capable of living for decades some of us for more than a century here at brand stuff. It got us thinking, what is the world's oldest living thing. Well, that's a tricky question. And the answer depends on how we define living and thing, I let's tackle what we mean. By thing. If we say a thing could also be a clone will colony than the competition heats up quickly. There are numerous plant and fungal. Clone. Colonies that have been around for tens of thousands of years, and they're still barreling along. There's king clone the creosote Bush in the Mojave almost twelve thousand years old, and we can't forget pando the gigantic male quaking Aspen, colonial colony in Utah. He is about eighty thousand years old. Incidentally, he's also the heaviest living thing weighing in around six million kilograms. But what if we stick to sing? Single organisms if so then the tiny end lifts are strong contenders. These extrema file Methuselah like to kick back and take it easy for millions of years. They've lived a mile and a half below the ocean floor with metabolism slower than molasses only reproducing once every few centuries or millennia. I mean that makes pandas look like rabbits, there's a big let's call it loophole in the definition of living dormancy what if something was frozen in time trapped in stasis and then revived like captain America the alien in the thing in two thousand and eleven professor Brian Schubert published a paper on just that he discovered bacteria in what he called a kind of hibernation state inside tiny bubbles of thirty four thousand year old salt crystals. Other scientists have claimed to find older organisms such as the two hundred fifty million-year-old bacteria in southeast New Mexico. But Schubert's work was. Independently reproduced. So if we allow an organism to take a time out and spent thousands of years in stasis there are loads of competitors for the title of oldest living thing, many of which may still lurk undiscovered in the isolated hinterlands of earth. You know, deep oceans remote mountains, endless Arctic wastes. Now, I'm thinking of HP lovecraft well moving on. There's one other important thing. Some organisms might be immortal. Now, don't get jealous. We're not talking about some super sexy vampire type immortality. No. We're talking about jellyfish specifically hydra and the turritopsis Dory. The turritopsis is only four point five millimeters large, but capable of something that may be unique in the animal world after reaching sexual maturity, it can revert to its polyp stage, it can reverse and reset its aging cycle rendering it biologically, immortal, and the hydra doesn't seem to age at all. That means that potentially the oldest living organism could one day be a jellyfish. But for now, even counting states of dormancy, the oldest living continually active things on earth appear to be the extreme file organisms collectively called Endo Litz. But of course, there may be something older varied in time. Dormant waiting for intrepid humans to wake it from its deathly slump. Today's episode was written by Joan McCormick and produced by Tyler playing to hear more from Joe check out his weird science podcast stuff to blow your mind wherever you tuned podcasts. This vary up perhaps. And of course, for lots more on this and other well preserved topics. Visit our home planet. How stuff works dot com. I'm Katie golden. I studied psychology and biology at Harvard, and I pretend to be a bird on Twitter and my new podcast creature feature. We've you nature in man from a new perspective each episode asking a comedian to get inside the minds of animals, so we can explore the startling connections to human psychology, you'll find blood bands and treachery that make game of thrones seemed like a dumb show for babies. Join us every Wednesday and subscribe on apple podcasts for on the iheartradio app or wherever you listen to podcasts.