Quicken Loans is First Home Loan Lender to Offer Mobile Mortgage App

DETROIT, June 28, 2011 /PRNewswire/ -- Quicken Loans Inc., the nation's largest online home lender, today became the first mortgage provider to offer a mobile app that enables clients to apply for a home loan from the palm of their hand with the launch of "MyQL Mobile." The app, available for the iPhone, iPod touch and iPad, guides clients from their initial application to the closing table, all part of the company's mission to provide a home loan experience that is "Engineered to Amaze."

MyQL Mobile by Quicken Loans simplifies the complicated mortgage process by providing real-time home loan status updates, immediate access to a home loan expert with the touch of a button, and an interactive list of all loan documents needed to begin the home loan process. Clients can conveniently submit these loan documents by taking a picture of them with their iPhone 4.

Whether clients need a mortgage to purchase their dream home or are looking to refinance and lock-in lower monthly payments, MyQL Mobile provides an easier path to closing a home loan.

"At a time when consumers expect to have instant access and visibility to all of their purchasing decisions, it only makes sense that we offer our clients a new window into one of the most important purchasing decisions they will make to reach their financial goals," said Bill Emerson, Quicken Loans CEO.

"MyQL Mobile is a milestone in our history," continued Emerson. "We became the first mortgage provider to offer home loans in all 50 states from centralized online web centers, as well as the first to adopt e-signature technology. Now, with our new mortgage app, we become the first to offer the easiest and most efficient mortgage process ever available to consumers."

MyQL Mobile by Quicken Loans combines a simple, easy to understand user interface with the efficiency of providing clients with an amazing mobile experience for the processing of their home loan.

Please visit MyQL Mobile to view a video demonstration of MyQL Mobile by Quicken Loans.

MyQL Mobile can be downloaded for free by visiting Quicken Loans. Quicken Loans clients will need a MyQL login to access the app's features.

About Quicken Loans Inc:

Quicken Loans Inc. is the nation's largest online retail mortgage lender and among the five largest overall retail home lenders in the United States. The company closed a record $29 billion in retail home loan volume across all 50 states in 2010, and recently closed its 1 millionth loan. Quicken Loans employs approximately 3,700 team members and generates loan production from five web centers located in Michigan, Ohio and Arizona. The company also operates a centralized loan processing facility in Michigan as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power and Associates for 2010. "QuickenLoans.com" has been named "Best of the Web" by Forbes and Money magazines. The company also has been named to FORTUNE magazine's list of the country's "100 Best Companies To Work For" eight consecutive years, ranking as high as #2, and named in the Top-15 of Computerworld magazine's "100 Best Places to Work In Technology" for seven years in a row. Quicken Loans ranked #1 in the Detroit Free Press' 'Top Workplaces of 2010' List. The company last August moved its headquarters and 1,700 of its 3,700 full-time team members to downtown Detroit. For more information about Quicken Loans, please visit www.quickenloans.com.

About Rock Holdings Inc:

Rock Holdings Inc. is the parent company for several financial services related businesses and employs more than 4,000 team members. These client-focused and technologically-driven companies include Quicken Loans, the nation's largest online home lender and One Reverse Mortgage unit, the fastest growing reverse mortgage lender in America; Title Source, a nationwide leader of title insurance and settlement services; Quicken Loans Mortgage Services (QLMS), a mortgage origination platform servicing community banks and credit unions across the country; In-House Realty, the preferred real estate partner of Quicken Loans that matches clients with trusted real estate agents in all 50 states; and, Quizzle.com, the online innovator and website where consumers manage their home, money and credit. Rock Holdings, Inc. also recently moved its headquarters to downtown Detroit.

SOURCE Quicken Loans Inc.