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.
Rocket Companies IPO: Stock of Quicken Loans parent company rises almost 20% following debut
"And Quicken loans, made a successful Wall Street debut after shrinking its offering. Last night. The stock closed at $21.51 after starting at 18. On the eve of the July jobs report
"quicken loans" Discussed on Squawk Pod
"Of mortgage origination. How big do you think that that can get? Some sort of points out it's a bank first non-bank. We think well capitalized I maybe not well capitalized and I think we're better capitalized than about ninety five percent of the banks out there and with this new. IPO that strengthens our position even more. So when it comes down to how big can companies get I think it's experienced I think it's technology and I think it's brand and the rocket brand is the clear leader in the space and so our mission right now is to continue to add that capacity and as I referenced before for us, Twenty five percent market share in a normalized market about five hundred, billion dollars a year is where we've got our sights set and I know. Our twenty thousand team members ready to to make that happen I think the clients driving this. The client wants a an incredible experience and that's what we are here to deliver. Hey Dan it's Andrew here and Andrew. How are you? It's great to see you and I just want to say and reiterate with Becky. Said I hope you heard what? Jim Cramer said about you being so aerobic and we're just we're just so glad to see you Doing so well, and also just wanted to. Comment on the great work that you've done on behalf of Detroit I have a broader economic question given that we've been talking about jobs and jobless claims today and Given the you've dealt with a city that's had to rebuild itself were country that's going to have to rebuild itself. How do you? How do you see the economy playing itself out over the next day twelve or twenty four months? Well see that's that's the that's the big question I think that We'll see the same numbers you guys see every day. I mean the housing numbers have been strong for both existing and new housing as well as housing starts So I always think the housing is a leading sort of. Market. Metrics when you look at how such a big purchase and it drives so many other things. Drives other big ticket purchases by people who just bought homes. So yeah, that's it's definitely drives our business, of course being the mortgage but dr so much of economy, we really pay attention to it. I would say just in taking a cue off Dan in the `Isms in the culture that you guys know so important to us. You'll see it when you believe in what Dan has done for the city of Detroit, is that focused on creating and believing in? So those same things I think exist in America you talked to homeowners talked to people looking to buy a home. There's still a lot of enthusiasm out there. People are recognizing that their lives are changing and they're probably gonNA spend more time in their homes in the. Future, simply because working from home is been demonstrated it, it works it can. It can be very, very efficient but the passion and excitement that we talked to you know millions of people a month is is alive and well here I'd say Dan the most Americans are following the same believe in and You know it'll be a challenging road but will through this thing and just like Detroit has. I was like listening to Warren Buffett on how the economy's doing. He always talks about. You know look at our country in two hundred years where it was from me on empty field to where it is today and he believes in the American economy and I do and so do. Millions? Of. Other people. Just seems to always bounce whatever happens this economy can take it and bounces back. We had some big hits here in the last century, right? Ten years ago it was. Probably, the scaring made people's lives, but we we all right through that as well. So I think that. US economy is the strongest economy in the world and it always comes back. And it was because of the belief system was just talking about there. We've gotta make more people more politicians believers start talking to passive start. Showing examples of positive things going on in the economy because heard, there's there's some challenging things, but there's some positive things as well. Hey. Just speaking of the politicians J obviously, people are watching Washington to find out what happened snacks with unemployment benefits and the other relief potentially coming out of the next stimulus package I know that at the end of June five percent of your mortgage loans in forebearance Obviously, what happens next from? Washington is GonNa determine the direction for where things had from here and I just wonder if you have any insight from there about. How things are going and what might come next? Yeah it's a great question proud of our group I think we're running about half the forbearance of the industry right now that comes down to Dan's always pointed out for thirty five years a high quality mortgage origination, which is our servicing book, nearly two million clients, but it also, it also comes down to client services. You Talk to these consumers who are thinking about forbearance taking the time to explain to them what exactly that means what their options are is critical. So are take on this is that many Americans are are testing. The waters but are in pretty good shape, and so we don't anticipate forbearance is rising much now as you pointed out what Washington does will have an impact, but I think maybe less of an impact at least our book than than what others are are are thinking I saw the unemployment numbers I think for last week, and if I, remember if I saw this properly claims her down. So as Dan pointed out that there's some positive things happen the economy we feel really good about where servicing book is right now Dan. Left but the culture at quicken has always been an incredible one. Will it change this IPO? Our sure hope not and we're GONNA do everything. We can to prevent it from changing. We're hoping that putting stock in every single person's hands who works for the business puts everybody on the same side of the table. And there's even more cohesion and increased focus on culture tribeca think getting the right investors critical explained to them who we are, how we think are isn't in our culture and. They, embraced it. So we feel we can strengthen the culture as we continue to move forward culture just another way of saying who you are and you know. and. What drives you how you prioritize things. Right. Thank you guys for having this morning. Yeah. Thank you. Thank you guys for joining us on this important day. We'll be watching as the stock starts trading. Please come back and join us again soon we will for her. That's a wrap for today's squawk todd. Thank you for listening RTD broadcast walks hosted by Joe Kernan becky quick and injure. Ross. Sorkin. Weekday Mornings on CNBC at six am eastern get the smartest takes an analysis. The RTD show right into your ears subscribe to Squawk pod wherever you listen to podcasts or at a get rich slow scheme here. Thirty five years. Be Back here tomorrow..
"quicken loans" Discussed on Squawk Pod
"Here's Becky Quick Gentlemen Welcome to both of you on a big day. Have to say having not seen you or gotten to talk to you in the last year plus since your stroke wha I'm just so glad to see you today and I just wonder how you're doing. Thanks for thanks for being here. How are you? I'm doing a lot better because the people that romy helped me every day. So it's been quite an experience in quite a challenge I mean it happens instantaneously. You know you're living your life and then one day. Happens in your life is completely changed. So now there's a one point, five, million strokes in the US every year. Not. A lot of people talk about Stroz talk a lot about cancer a lot about heart attacks and stuff but stroke is not really talked about. But it it's more people than almost anything. I'm just grateful to see you're doing well at. This company I've always thought of this company as your baby. You started at thirty five years ago you grew it into this phenomenal thing and I was really surprised when I heard that you were going to go ahead and do an IPO because I wondered. What you're missing is the Corley calls with investors you're looking forward to why are you doing this? Well Jay gets a handle all that. So I can't speak to that but I will say that We just thought it was It was the right move for our company at this time you know thirty five years in got thousands of people now working for the company and we can they all stockholders now, which is a great thing. Something we've always wanted to do. It's hard to do in a sub S Corporation private company situation. Could you can do it in a public. So we WANNA use our stock currency and. Tension acquire more fintech organizations and put them in the. So. There's. Better access to the capital markets. There's a lot of reasons you probably know the Ma Yourself. I'm sure. But we're excited about it, and if I could borrow a line from Jeff Bezos, we're GONNA get rich slow scheme here thirty five years, five years. I can't take credit for that line because I heard him say that's A good line and it's definitely applicable here. And Jay, you're GONNA get the tough questions on this. This morning you are the ones who who's going to be running things. pricing came in below what had been anticipating eighteen dollars versus the twenty to twenty two billion. Twenty. Two, twenty, two. Dollars a share and you're looking at fewer shares one, hundred, million versus the one fifty that it had been talked about earlier that brings the valuation down from at the high end maybe three points three points three billion dollars down to one point eight, billion dollars. What what happened why? Why do you think the cool reception than had initially been anticipated? I I would say we're pretty excited about where we're at here in his you know this is an art more than a science, and so as we talked to are bankers and so forth we put our best foot forward and probably the most important thing is Dan disgust we've got thirty five years in the business. So we're more focused on the next five ten years than any given moment in time, and so the investor base for our our opening was probably the most important. Thing, and so we focused on that verse selling as many shares as we possibly could. So I think we're in great shape and more excited than ever about the future think about the momentum, we've got record quarters record profitability, record, growth So this is a great great starting point Dan just pointed out, we're close to nine percent market share up from just five percents short years ago. So a lot of positive things happening and as he always reminds me, this is a marathon not. You guys are now the large largest mortgage lender in the United States eclipsing wells. Fargo used to be leading the way P. Morgan big names that we know and that's incredibly impressive. I pick some of the questions that have been raised as look. It's a cyclical business and it's It's been so hot right now, your revenue for two thousand and nineteen. It was like five point, one billion dollars but is there a point where it starts to look like a less rosy business because interest rates are already so low probably everybody in the planet's trying to refinance right now is there a point when that turns and what do you do that? Great question did and I were talking about this. There's nearly eleven trillion dollars worth of mortgages out there that are in the money meaning ready to refinance I. Think the capacity for the market is about two two and a half trillion. We're making up a good portion of that and continued to grow each and every day. But becky when we think about our business, we think about the long haul we come up with strategies to grow whether it's a purchase or refinance cash out. We don't think about the rates we don't think is it going to be? Three trillion dollar a year market, a one point five trillion we we kind of just target a normalized market and then we set our drivers to grow profitably and that's what you'll keep seeing us do. So thirty five years in the business. Dan's Oh has said you know interest rate is not the factor client service great technology. That's the those are the ingredients that are going to move you forward, and that's what will keep doing and we'll keep grabbing market share our goal twenty, five percent market share over the over the course of the next ten years. Wow Hey, we've talked in the past about that technology and how quick it has been able to really turn around a mortgage. I'll admit I've used rocket mortgage a few times to refinance over the last seven or eight years, and it is kind of amazing. The last time I did it did it on a Lark? Was I think watching the Super Bowl because advertised on it and just went on really quickly to see my new rate would be and? It came back to me in less than fifteen minutes. I was on my way to bed and I. Actually got the information before I went and got into bed how how important is that and? That's been a huge part of what you have been talking about. But still the market looks like it's kind of value went like a financial company less like a a technology company. Yeah. That that's sort of one of the big points of contention. We think we're technology company happens to do home loans we said that forever. And there's a lot of years and years of of effort by hundreds of people in that technology. Team to up to twenty five hundred technologists now to build what you experienced becky. Doing mortgages and three thousand counties and fifty states each ones different each one's gotta be. Fleshed out each part of it. It's it's once you do the mortgage electronically digitally. Any other kind of transaction is less cumbersome. So we figured that with the public stock if we go out and acquire some businesses we can. Help them. Really achieve things because mortgage was the hardest? Yeah. I'll just point out becky This month will do one, hundred, thousand closings in this country up from fifty thousand or so just four five short months ago. So when you talk about the technology that we've built and the scale, it brings to our platform, so we can grow and his Dan. Points out the next loan on that platform is even more profitable than the last loan because the variable costs are so minimal it really is a Fintech company and to to dance point if we start with something as challenging mortgage, a real estate and other things that we may offer like rocket auto we think we can deliver even better client experience. So we're we're we're a FINTECH company we know that and we believe over time the market will recognize that is well, it's the speed for sure. But it's also the quality and the and the clarity and visibility that a customer gets into. On their mortgage, which is the biggest financial transaction the average person goes through in their lifetime. So we really decided to focus a lot on that as well. Hopefully, you experience some of that too congratulations guys. It's Scott have a question for you really j. picking up what becky referenced earlier that you're now the largest mortgage originator wondering if you feel as though, we are really in the midst of a sea change where banks like yours continue to have a even larger slice of the mortgage business you you're already doing fifty nine percent non-banks are in terms.
"quicken loans" Discussed on Squawk Pod
"Wapner. Mean Street is eyeing Washington as lawmakers to beat the next round of pandemic relief. The goal in DC is to reach a decision on another stimulus package by Friday. That's tomorrow but so far issues like eviction protections and unemployment benefits have proven difficult for compromise. Both sides of the aisle agree that eligible individuals should receive a second stimulus Emmett for up to twelve hundred dollars but hungers is sharply divided on how to replace the weekly six hundred dollar boost unemployment benefits without that boost aid aid-recipient in some states left ten or even as little as five dollars own. Meanwhile CEO's led by former starbucks CEO Howard Schultz are calling for immediate aid for Small Businesses Schultz join squawk box on Tuesday ain't making his case. It is no longer a crisis. This is cheap five alarm emergency it which I believe and I think the hundred CEO's who signed this letter in support of the restart act believes that all roads should lead to small business relief in any civilised packaged congregate proved. Checkout Tuesday pod for that full interview. This morning on our TV broadcast we continued that stimulus debate with operation hope chairman and CEO John, Hope Bryant and Kevin O'Leary chairman at o'shares et X. Shark tank co host and CNBC, contributor here's. Kevin I. Want to start with you in terms of what's being proposed right now in terms of what's being put out there in terms of this plan to potentially make loans to small businesses that could be forgiven what Howard Schultz was talking about. What do you think? Totally disagree I think first of all Howard is is an advocate of small business and I appreciate that and he's a rockstar amongst the entrepreneurial community for caring about employees. It's always been part of his mantra and what he did building starbucks but we started this program months and months and months ago there was a lot. We didn't know that we know now and the American economy is going through revolution a digital transformation. There are going to be many many winners, many many losers, and at the end of the day, the one thing John and I can agree on is during this transition we're going. To displace a lot of -PLOYEES? A lot of workers we should support them but let the actual change. This dynamic changes occur, happen on its own and let the market be the market I. Am as you know, a huge advocate of small business, I have over fifty companies small businesses that are private I've invested it at least twenty to twenty. Five percent of are going to fail because the world has changed on them. Consumers have changed the way they buy things have changed where they go has changed and we don't yet know what the world looks like on the other side of this pandemic assuming it's Going back to what it was is an incorrect assumption because many things are going to be more efficient and we can't pick the winners and losers anymore. That's what's changed in my mind over the last five months. I'm a huge advocate forgiving somewhere between four hundred and four hundred and fifty dollars to employees extending the unemployment, and then letting the market do price discovery and what it should fund and what it shouldn't. There's so many businesses that got money in the P. P. that shouldn't have gotten it at all because they are essentially Zombie companies, they will never be successful, they will never be liquid the. World has changed on them. Why should is a taxpayer fund that why not let the private Marcus comments support those that deserve it and let the others die as they do and should because those assets will go back seeing be redeployed efficiently I don't want to spend any more money guessing winners and losers because Congress can't. There's nobody that can only the market hat and John knows that and he has to admit that no one can pick winners and losers. Why should taxpayers be forced into these crammed down fundings makes no sense at all to me and I'm an advocate for small. Business John Response. I'm speechless. I have respect for Kevin. And what he's accomplished I find it interesting I wasn't gonNA to mention it but ten percent of the businesses he started got. Five hundred companies three months ago. Got Loans. It is. You can't say we want. Affirmative. Action for rich people. And everybody else's on your own that is not the way worse. You can't. We re rearranging the deckchairs on the titanic here the she gets the ship sinking and we're all picking drapes. The reality is that even the starbucks CEO in the hundred win with them have the right message. That's the woodruff era CEO. Message of of the sixty mentioned we're coming code. Indian. To tell Atlanta business community do the right thing when they didn't want to honor Dr King Atlanta's now the biggest economy in the south, the only international city in the south. The US came out of World War, two Nike because of the government. Stimulus which went to the private sector, which created the Marshall Plan, which allowed George Marshall, which allows the rebuild Europe, which is now trading partner and helped us to aid hello. The white middle middle-class man to get as much education as he threw shut his throat and apprenticeship for new job that's government support. And more for new home that was the birth of the middle class. And that is that keeping a global leader in the world. So yes, the private sector should leave and the prosecutor should should pick Williams. But at the moment you know we all need a little bit of original to help us through this and for most of on Wall Street is the Fed window. Okay. So we we can't abandon the middle class businesses employing half of this country. Have this country expect this store when it come up well because those businesses and the average person is driving the economy which is driving business we're all in. Jonah. What the couple of things I will say is Kevin mentioned that he thinks a quarter of the companies that that he has small businesses we'll probably launder. Advocating for that, and he is advocating for making sure that there are still an extension of the unemployment benefits to make sure that that gets through to the people What happens if the world has changed it? But we're having the wrong conversation. My friend Kevin is having a market conversation I'm having a conversation about as being a war I think America's war with virus. When you're at war, you don't bite skirmishes. Your solution has it has to be bigger than your problems keep in mind the government told us all to shut down. We're not talking about lazy people here. We're not talking about lazy small businesses. We're talking about people who work their tails off did everything running a virus attacks and we basically twenty twenty on pause like pinterest board pull out your dream board. The government's going to have to put in a stopgap to get us through two thousand twenty. So there's a county to come back to. Mrs Jones was right. This is a five alarm fire. If we don't solve this, they'll be no argument to have. We've got us off. As one thing you got to say the economy, the economy driven by consumer spending, seventy percent and. An employment by small businesses little known fact you cannot just say, let them fail because the people are going to fail are the ones who are buying the products the companies and seals are watching this product this this. Program and the ones who by the way paying taxes. By the way Kevin..
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 Squawk Pod
"CNBC'S WORKFORCE Executive Council is the Premier Group C. Suite human resources executives from leading companies across the country. It offers a members only portal and chat plus exclusive industry contact with access to breaking news calls and digital networking experiences. The networking resources HR leaders need now apply to the workforce. Executive Council at CNBC COUNCILS DOT com slash W. C.. Is Quan I'm CBC producer, Cameron caught step today on our podcast debating the next round of stimulus. Is it the markets versus the middle class operation hopes John Hope Bryant and Shark Tank Co Host Kevin O'Leary. Bandon the middle class businesses employ half of this country. Expect this story come out. Well, because Bra, and go I don't want to spend any more money guessing winners and losers because Congress can't there's nobody that can only the market. BILLIONAIRE INVESTOR PHILANTHROPIST, quicken loans, founder Dan Gilbert on his company's Ideo and the US economy US economies distraught economy in the world, and it always comes back. Those stories a record milestone for the Nasdaq and a familiar refrain from Bernie Sanders. It's Thursday August six. Tony Spot. com. Begins Right.
Rockets Win Contrast of Styles Against Giannis Antetokounmpo, Bucks
"Victory over the bucks and the way they played down the stretch. We're about to go inside that game here momentarily. We're live from the rocket mortgage by Quicken Loan studios when you need certainty in the home buying process with a loan that fits her life rocket can 1 50 to go. Middleton doubled to Yonas into the paint your own steps hard stolen from Horn picked this pocket hearted pounds past Westbrook by middle delay a good nine in a row for the Rockets. 1 13 1 12 They regain the lead. Craig Ackerman on the Houston Rockets radio network. Russell Westbrook finished with 31 points, and it was a 90 run that brought the Rockets back when they were trailing by eight. With roughly three minutes to go. We're pleased to welcome Eric. Name to the show. He covers the bucks for the athletic in Wisconsin. Eric, What did you see in those final three minutes from Milwaukee? Yeah, I mean, it was They really had a rough go of it tonight. It's It's something that this team all year has is really blown out a lot of teams so they haven't been forced into a spot where they've had to play a lot of close games and Get it on Friday night against the Celtics. I played opposed close game there. They finished it out. Make a couple plays. Chris Middleton had a couple of shots made a couple of passes and their everyone closed out. But tonight It was really just kind of a comedy of areas from, you know, about three minutes left. They had been posted up Brook Lopez the entire night Chris Middleton tosses them. What looks like a pretty simple past. Brooke Lopez has it bounces. Off his hands go out of bounds in that. From that point, it was turnovers. Sloppy play late, getting into their offensive said like it was just kind of Sloppy basketball that we really haven't seen but from the boxes season and they ended up losing this one and just doing something totally uncharacteristic of what they've done thus far this season. Except that as
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
Mortgage lender Quicken Loans is planning an IPO
"Of us reports indicating the targeted valuation of quicken loans is still being decided what it's likely in the tens of billions of dollars that would imply a multi billion dollar IPO one of the largest if not the largest of twenty
"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.
MAC eliminating and scaling back postseason tournaments
"This month and some news out of the mac the conference's canceling post season tournaments for multiple sports and also changing the postseason format for the men's and women's basketball tournaments this will see all first round home games being eliminated with the top eight teams from the regular season automatically advancing to Cleveland for second round play at quicken loans arena the conference is also eliminating divisions for men's women's basketball and will expand to a twenty game conference slate the regular season the change is going to affect in the twenty twenty one season and will
"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 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.
Little progress made in reducing L.A. County stormwater pollution, report says
"Earn unlimited rewards including five percent back at Walmart online what's in your wallet terms and exclusions apply Capital One NA goodbye twenty nineteen goodbye windows seven tells holiday sales of the perfect time to say hello to twenty twenty and a windows ten upgrade save big on their latest business computers powered by Intel core processors don't forget to shop servers storage and thousands of top brand electronics all with free shipping call of small business technology adviser to help you find the right tech for your business needs at eight seven seven by dell that's eight seven seven by dell or visit dell dot com slash business deals hi I'm Jay Farner CEO of quicken loans America's largest mortgage lender let's talk credit card debt for a minute if you feel you're carrying too much of it you're not alone the average
Forget Gerrit Cole! The Dodgers might have interest in Madison Bumgarner
"Debt a great way to take cash out he is with our thirty year fixed rate mortgage the rate today in our thirty year fixed rate mortgage is three point nine nine percent APR four point one eight percent call us today at eight hundred quicken to learn how taking cash out with a thirty year fixed mortgage might be the right solution for you and for a record nine years in a row JD power his right quicken loans highest in the nation in customer satisfaction for primary mortgage origination call us today at eight hundred quicken or go to rocket mortgage dot com project or order from Asian visit JD power dot com rates subject to change a one point three seven five percent fee to receive the discount rate call for cost information and conditions equal housing lender licensed in all fifty states
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
Cavs owner Dan Gilbert suffers stroke, remains in hospital
"By Charlie mentioned the billionaire Detroit businessman Dan Gilbert, while he is not going to mackinac island for the policy couches, because he is now in intensive care after suffering a stroke, two days ago. Quicken Loans officially says he is alert he is awake and comfortable while recovering from a catheter based procedure for the stroke. Dan Gilbert is quickens founder and chairman in his own the Cleveland Cavaliers since two
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,
Dan Gilbert, Cleveland Cavaliers And Quicken Loans discussed on Newsradio 950 WWJ 24 Hour News
"Fifty billionaire businessman in Cleveland Cavaliers owner, Dan Gilbert is hospitalized in recovering after suffering symptoms of stroke and seeking hospital care officials whip Detroit-based, Quicken Loans said in a statement that Gilbert received immediate medical attention. And is currently recovering comfortably after going to a hospital early Sunday with stroke like symptoms. Gilbert is a company's founder and chairman and he has owned the Cavs since two thousand five Gilbert's. Hospitalization comes a month before his rocket
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' Billionaire Dan Gilbert suffers stroke-like symptoms
"Billionaire. Air businessman Dan Gilbert is recovering after suffering symptoms of stroke and seeking a hospital care officials with Quicken Loans said in a statement Gilbert received immediate medical attention. And is currently recovering after going to a hospital yesterday Gilbert, is the company's founder and chairman, he's also a majority, owner of the NBA's Cleveland,
"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..
"quicken loans" Discussed on Success! How I Did This
"We don't think are we just think it's all on the same side of the just no way businesses can be successful by having really bad neighborhoods in a successful downtown's just doesn't work that way i guess to that point what is your ultimate vision for detroit is this a lifelong project projects come to an end right so i guess i would call a process and i say what if somebody asked you how will you know if your family successful that's kind of weird questions you don't really think of it in those terms you say well if everybody's healthy and we're all going in the right direction you know and we hope you know we're just getting better as people in is in our relationships into the few i it's a cities the same thing as long as things are headed in the right direction i mean one day he'll maybe gain a little bit one day you'll have a breakthrough maybe one day to step backwards but you all know ultimately you know i think the problem with detroit and other places and companies and nonprofits that have deteriorate it's not that the outside things that are happening it's that their dna or their culture their beth analogy that it's broken on the inside and so we i would say as long as detroit the current path is light years compared to where it was and i think for the vast majority of the things you would say are we in the right direct absolutely but i think more importantly the the trust level the relationships the fact that people are we used this term noble purposes there's not there's always a handful of people here and there that aren't but overall i think the purposes most the people involved and brandy trite back our noble and so then the sky becomes a limit what would you say to someone in detroit who may be wary of you as a business person having.
"quicken loans" Discussed on Success! How I Did This
"Time where anybody who graduated travel because usually go for job interview apparently they ask for your transcripts of your high school okay they couldn't provide it i mean they got to apart the shove this stuff in like a an acre a filing cabinets never put it on a system we took a yearlong project down for free of course in we sent about three hundred people a week they rotate to scan in all the diplomas going back to like nineteen fifty on a technology platform we built for them in now pretty much everybody who graduated from public schools can get their transcripts now so and we and not to mention all the the increasing amount of neighborhood stuff that we were doing that a lot of its associated with our financing you know quicken loans we figured out some real interesting things that we could do we call a rehab and ready per property taxes is the culprit of of what caused not just property taxes the method that the assess properties the amount of milk the the misinformation and lack of communication to citizens you know the fact that landlords would buy homes cheap charge at ten and all kinds of money and then never pay the taxes we have a whole program for that where we actually go in and pay the taxes we'll give the tenant like three or four five years zero interest once they pay his we give him the keys there's all these creative things you can do i don't know if there's anybody or any entity governmental or nongovernmental is more active in the neighborhoods and we are and i don't like to go around like bragging about it maybe that's our problem but i think look we cared deeply by the neighborhoods and we don't think it can be.
"quicken loans" Discussed on Success! How I Did This
"Dan gilbert runs a mid western empire in michigan he founded quicken loans which made him a billion now he's trying to rebuild detroit you may know him as he owner of the cleveland cavaliers lebron james's nba team this is success how i did it from business insider i'm rich looney i went to detroit in early mates meet with gilbert after getting a tour of his properties downtown all of his real estate is under a company called bedrock which is part of gilbert's larger parent company called rock ventures we sat down in conference room in the cobo center after gilbert gave a speech we had some audio issues at the start which is why it sounds different but keep listening in it'll clear up i i asked dan about his childhood which included a pizza delivery business when he was twelve years old always trying to hustle this hustle that right i like you said we started chef boy or d pizza company out of my kitchen by those ship or dis you make them we put fliers until the mailboxes and my brother and his friends were ten years old used to have them deliver the pizzas and we make them then we got closed down by the health department and the city of us we violated zoning laws violated on health inspection laws we know anything so that was our first exposure to the regulatory environment that we now deal without with daily basis that entrepreneurial spirit continued through college where he became interested in real estate shortly after he founded quicken loans he got started in the business by getting his residential real estate license and becoming a mortgage broker i said the one on one of these shared office was similar to what we work is today like the you know put very much much more boring just ugly great walls and qs he was shared office space and it was like a ten by ten office south i'll just try for the summer see what happens brokers loans and now it's it'll be thirty three years in june quicken loans recently became the country's biggest mortgage lender gilbert says he was proud of not making subprime loans leading up to the finan.
"quicken loans" Discussed on WEEI
"Quicken loans civil so she can understand that he jails and no she's getting the right mortgage rocket mortgage by quicken loans apply simply understand fully mortgage confidently go to a rocket mortgaged icon today equal housing lender licensed in all fifty states nmlsconsumeraccessorg number thirty thirty eight earlier this friday only save up to fifty percent ons gifts throughout the store plus save fifty percent off three hundred count celebrations led christmas lights now just ninety nine after instant savings and free even more savings print out are all my new bond save fifty percent on a regularly priced item under thirty dollars so save big on black friday all day long neighborhood aches coupon bout on november twenty forthlin at one exclusions apply see coupon lights offer valid for acm awards members only at participating stores i'm back that little voice inside your head lessen our business could use a new laptop and office depot office max heads huge black friday door busters save a four hundred dollars on each apt up with eighthgeneration intel core eyes of in processor only four forty nine ninety nine it starts at office depot dot com on thursday at twelve one a m in instore friday at seven forty five am go ahead deserve it office depot office max limit one the home of ford wade murloney and forty eight weekdays tended to sports radio 937 weei fm and hd 1 lawrenceboston threatening now now that tell you we uh uh john now.