Rocket Mortgage and Detroit PAL Sign Major Partnership to Support Detroit’s Youth with Mentorship, Job Training

  • August 21, 2019

Commitment will grow and enhance the vast offerings of enrichment, career development and training activities for the 15,000 Detroit youth who take part in PAL programming

DETROIT (August 21, 2019) – In the true “better together” spirit of Detroiters, Detroit PAL and Rocket Mortgage by Quicken Loans today announced a five-year partnership, providing financial support and extensive team member volunteer service to heighten PAL’s educational training, enrichment activities and community sports programming for the approximately 15,000 area youth participants.

Rocket Mortgage is committing its thousands of team members to support Detroit PAL’s wide offering of education programs for Detroit’s children and teens including robotics, financial literacy, job/career shadowing and other professional mentorship programs. The partnership will also support Detroit PAL’s transformative Girls Changing the Game initiative, expanding the quality programming for the participants Detroit PAL currently serves and increasing the number of girls that participate in Detroit PAL programs.

“We are truly grateful for Rocket Mortgage’s partnership with Detroit PAL, and its commitment to helping the kids we serve to find their greatness,” said Robert Jamerson, Detroit PAL Interim Chief Executive Officer. “The Rocket Mortgage team recognizes that our program offerings reach far beyond sports, and they are willing to bring not only financial resources, but invaluable volunteers that our kids look up to. We can’t wait to see the positive benefits that our community will receive from this generous partnership.”

This powerful collaboration opens a new chapter during Detroit PAL’s 50th anniversary of serving Detroit’s youth and their families. It provides new opportunities for Rocket Mortgage team members to continue to positively influence the next generation of Detroit.

“As Detroit’s largest employer we love our home city and are dedicated to ensuring that all Detroiters have a path to a successful future,” said Jay Farner, CEO of Quicken Loans. “Detroit PAL has been absolutely critical in helping Detroit’s youth achieve their potential for a half century.  Today, more than 15,000 kids are benefitting from the group’s programming, groundbreaking classroom instruction and career training.  It is an honor to be partnering with one of Detroit’s premiere organizations working to build a brighter tomorrow for so many.”

Rocket Mortgage has also committed to provide additional resources to Detroit PAL, such as:

  • Enhancing Detroit PAL’s Workforce Development for Detroiters aged 17-30 years old with opportunities for placement within Rocket Mortgage/Quicken Loans and corporate partners
  • Supporting Detroit PAL’s Team UP program with the Detroit Police Department
  • Expanding engagement and involvement of PAL and Detroit youth with the Rocket Mortgage Classic

Providing additional event management to support and maximize youth and community programming at The Corner Ballpark presented by Adient. The Corner Ballpark is a State of Michigan Historic Site and is listed on the National Register of Historic Places. Not only was it the home for the Detroit Tigers for 87 years and the Detroit Lions for 36 years – but Joe Louis defended his heavyweight title in 1939 at Briggs Stadium and Tiger Stadium hosted Nelson Mandela in 1990. Rocket Mortgage produces and hosts hundreds of events every year. With this expertise, it will help enhance the site’s future opportunities for Detroit youth who participate in Detroit PAL programs.

The partnership with PAL is a continuation of Rocket Mortgage’s – and its philanthropic arm, the Quicken Loans Community Fund’s – belief in doing well by doing good. The Quicken Loans Community Fund strives to support thriving, resilient and inclusive communities through data-driven investments in housing, education, employment and public life. Since 2010, the Quicken Loans Community Fund has invested more than $200 million into Detroit-based organizations and programming, and its team members have spent more than 350,000 volunteer hours in the city.

Financial terms of the deal were not disclosed.

###

About Detroit PAL

Detroit PAL is a non-profit organization positively impacting the lives of more than 15,000 youth participants each year and approximately 400,000 children since 1969.  Celebrating its 50th anniversary this year, our group works to create safe and supportive places for kids to play. We also train and certify more than 1,800 volunteers each year to become encouraging coaches and mentors to the city’s youth. In partnership with the Detroit Police Department and community volunteers, Detroit PAL builds character in young people through athletic, academic, and leadership development programs. We strive to achieve four important goals for our kids: Young people with high character, young people who lead active and healthy lifestyles, young people who give back in their community, and young people with positive relationships with police officers. To learn more about Detroit PAL and its programs, please visit www.DetroitPAL.org or call 313-833-1600.

About Quicken Loans/ Rocket Mortgage

Detroit-based Quicken Loans is the nation’s largest home mortgage lender. The company closed nearly half a trillion dollars of mortgage volume across all 50 states from 2013 through 2018. In late 2015 Quicken Loans introduced Rocket Mortgage, the first fully digital mortgage experience. Today, 98% of all home loans originated by Quicken Loans utilize Rocket Mortgage Technology.

Quicken Loans moved its headquarters to downtown Detroit in 2010. Today, Quicken Loans and its Family of Companies employ more than 17,000 full-time team members in Detroit’s urban core. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix. Quicken Loans also operates a centralized loan processing facility in Detroit, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked highest in the country for customer satisfaction for primary mortgage origination by J.D. Power for the past nine consecutive years, 2010 – 2018, and also ranked highest in the country for customer satisfaction among all mortgage servicers the past six consecutive years, 2014 – 2019.

Quicken Loans was once again named to FORTUNE magazine’s “100 Best Companies to Work For” list in 2019 and has been included in the magazine’s top 1/3rd of companies named to the list for the past 16 consecutive years. In addition, Essence Magazine named Quicken Loans “#1 Place to Work in the Country for African Americans.”

For more information and company news visit QuickenLoans.com/press-room.

Print Friendly, PDF & Email