Quicken Loans president and CMO.
A man of the people (that’s how I introduced him at our company’s award show earlier in the year – I liked how it sounded, so I still say it).
One of Detroit’s brightest and best – dedicated to helping rebuild the city.
Add to that one more distinction. Jay Farner is one of the achievers named to the Crain’s Detroit Business 40 Under 40 for 2011.
I work with Jay pretty much every day and I have to say he’s a good guy. Even though he’s risen to the top of his game, he’s one of those guys who hasn’t let it go to his head. He truly is a man of the people. Well, maybe a man of the people with a little bit nicer clothes than most of us, but you know, he’s not some bloated senior leader hiding behind a thick oak desk and door that’s never open.
Here’s a little from the article in Crain’s:
When Jay Farner graduated from Michigan State University, he started selling mortgages for a 200-person company.
A few growth spurts by the company and a few promotions later, Farner is President of Quicken Loans Inc., a 4,000-person company now buying swaths of real estate in downtown Detroit.
“I originally planned to be here for a year,” he said. “But I loved what I was doing and the people I was working with.”
He’s also had a front row seat to watch the company grow into its online business. In the right place at the right time, Farner was tapped as part of the team to build the website for then-named Rock Financial, just as the Internet was catching on.
That online presence was part of what made the company so attractive to Intuit Inc., which bought the firm in 1999 from founder Dan Gilbert for $336 million before later selling it back to Gilbert in 2002 for $130 million.
“After Dan bought the company back, it was off to the races,” Farner said.
Leading the company’s Web-based mortgage bankers, Farner watched the number of bankers grow from 40 to thousands — “an amazing learning experience,” he said.
Congratulations to Jay Farner on being named a Crain’s Detroit Business 40 Under 40. He certainly deserves the honor.
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