These figures don't even speak to how much Quicken makes on every loan they write due to their inflated rates and excessive fees. If you have a loan through Quicken, there's about a 95% chance you've been robbed completely blind. They pray off the low hanging fruit that responds to misleading advertisements when making the biggest financial investment of their lives.
Gilbert and Quicken are RAKING it in.
Quicken has released its 2012 figures the other day, announcing that it closed over $70 billion, representing a 133% increase over the $30 billion of volume in 2011. This makes Quicken the third largest retail lender in the country, not the mention the largest online lender. Not only has the volume increased, so has the size of the company: there are more than 8000 offices in Detroit, Cleveland, and Scottsdale, and 900 of the employees are IT. Quicken’s servicing portfolio is off to a good start as well, having been valued at $80 billion at the end of the year, and predictions hold that the company is looking at another year of significant growth.