Quicken Loans Announces Plans to Hire 100-150 Mortgage Bankers October 19, 2007 Livonia, Mich. – Oct. 19, 2007 – Quicken Loans, the nation’s largest online mortgage lender, and one of the largest mortgage companies in the country, today announced it will hire between 100 and 150 people in November 2007. “We’re looking for passionate, high level performers who will strive every day to make a difference for our clients,” said Dan Majewski, Vice President of Human Resources, which Quicken Loans refers to as “The Pulse.” Majewski noted that the majority will fill mortgage banking positions in the company’s Michigan operations, as well as in Ohio and Arizona. Quicken Loans mortgage bankers consult with clients to understand their needs and goals in order to help them choose the right loan for their situation. Quicken Loans provides new mortgage bankers with 200 hours of intensive training and another 200-300 hours of ongoing training during the year, in addition to opportunities to participate in professional and personal development programs. The company also provides a full range of marketing support. Majewski said the company continuously invests in supporting and training team members with one goal in mind, “providing them with the tools and resources they need to succeed, which includes creating a culture that encourages them to achieve their fullest potential.” “Our team members have told us they enjoy working here because they are encouraged to take initiative and are rewarded for their accomplishments,” Majewski observed. “Along the way, Quicken Loans has received wide recognition for creating a company culture that values and rewards employees, encourages initiative and fosters open communication throughout all areas of the company.” For these reasons and more, 2007 marked the fourth year in a row that the Company was recognized as one of the “Top 20” companies on FORTUNE magazine’s list of the “100 Best Companies to Work For in America.” Also this year, for the third year in a row, it was named #1 on Computerworld magazine’s list of the “100 Best Places to Work in Information Technology,” and, for the third time, the Michigan Business & Professional Association ranked Quicken Loans #1 on its list of “Best & Brightest Companies to Work For in Metro Detroit.” “At Quicken Loans, we like to say it’s not what we do, but who we are, that makes all the difference,” Majewski continued. “The end result is our team members are passionate about the work they do and, ultimately, about taking care of our clients. They’re the reason 94% of our clients say we meet or exceed their expectations.” # # # About Quicken Loans Quicken Loans is one of the nation’s largest retail mortgage lenders, closing nearly $18 billion in 2006. The company employs more than 4,000 people and has been ranked in the “Top 20” of FORTUNE magazine’s “100 Best Companies to Work for in America” list for four consecutive years. For more information about a career opportunity at Quicken Loans, visit www.quickenloanscareers.com.