Quicken Loans

What Quicken Loans does

Quicken Loans is a U.S. consumer financial-services marketplace operated by LMB Mortgage Services, Inc. (NMLS #167283) under a trademark license from Rocket Mortgage, LLC (NMLS #3030). The platform connects individual consumers seeking mortgages, refinances, home equity, personal loans, and credit cards with a network of independent banks, lenders, brokers, and lead aggregators. Free for consumers, the platform generates revenue through affiliate-referral marketing fees paid by lenders for matched consumer inquiries.

The product surface is horizontal and digital-first: home-purchase loans, refinance and cash-out refinance, home-equity loans and lines of credit, personal loans, and credit cards, each with a comparison experience (e.g., "Compare Purchase Lenders," "Compare Refinance Lenders") plus a suite of calculators (mortgage, home affordability, refinance, amortization, rent-vs-buy, home equity) and a learning center. Distribution is entirely online and self-serve: SEO-optimized owned content, a weekly "Mortgage Mojo" email newsletter, and organic social channels (Facebook, Instagram, X, Pinterest). No native mobile app, public API, or SDK is offered.

The business was historically a direct mortgage lender founded in 1985. In 2023, Rocket Mortgage separated from Quicken Loans and licensed the brand to LMB Mortgage Services, transitioning the operating model from balance-sheet lending to lead generation and lender matchmaking. The Detroit historical base is associated with the legacy organization; current operations are coordinated from a Los Angeles registered office. Headcount and revenue are not disclosed, and the current LMB Mortgage Services workforce is materially smaller than the 10,000+ figure commonly cited for the pre-2023 Rocket Mortgage enterprise.

Name

Quicken Loans

Legal name

LMB Mortgage Services, Inc.

Website

https://quickenloans.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Quicken Loans is a U.S. consumer financial-services marketplace that connects homebuyers, refinancers, and personal-loan seekers with a network of independent lenders, generating revenue through affiliate referral fees under a brand licensed from Rocket Mortgage by LMB Mortgage Services, Inc.

Ownership category

akta.pro rank

Headquarters

HQ city

Detroit

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Marketing or Sales, Technology or R&D, Personnel, Operations, Others

Revenue model

1. Lead Generation / Matchmaking Fees: Quicken Loans generates revenue by connecting consumers with lenders in their network. Lenders pay marketing fees to receive inquiries from consumers seeking home loans, refinance, personal loans, and other financial products. The company matches consumer requests with appropriate lenders.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Quicken Loans is an online home loan and personal finance marketplace that connects consumers with a network of independent lending providers through a single digital experience. Users can research, compare lenders and estimated rates, explore loan types (conventional, FHA, VA, USDA, 30-year fixed, 15-year fixed), and access calculators and educational content to support home purchase, refinance, cash-out refinance, home equity, personal loan, and credit card decisions.

Product overview

Quicken Loans operates as a financial services marketplace (formerly a direct lender until 2023) that connects consumers with a network of independent lending providers through a digital platform. The company offers mortgage products including home purchase loans, refinance options, and home equity products, along with personal loans and credit cards through its marketplace model. The portfolio includes various loan types (30-year fixed, 15-year fixed, FHA, VA loans) and financial tools like calculators and a learning center to help consumers navigate home financing decisions.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Purchase Marketplace Online marketplace connecting prospective homebuyers with lenders offering conventional, FHA, VA, and USDA home purchase loan products. Consumers research, compare lenders, view estimated rates, and get matched to a network of independent lending providers.
• Refinance Marketplace Marketplace that helps homeowners replace their existing mortgage with a new loan offering better terms, lower payments, or access to equity, by matching them with refinance lenders in the network.
• Cash-Out Refinance Marketplace Marketplace offering that allows homeowners to replace their existing mortgage with a larger loan and receive the difference in cash, typically used for debt consolidation or major expenses.
• Home Equity Marketplace Marketplace offering home equity loans and lines of credit that allow homeowners to borrow against the equity built in their homes, by matching them with lenders in the network.
• Personal Loans Marketplace Marketplace offering unsecured personal loans for debt consolidation, medical expenses, home improvements, and emergencies, connecting consumers with personal loan providers in the network.
• Credit Cards Marketplace Marketplace connecting consumers with credit card providers based on their financial profile and needs, supporting comparison of credit card products.
• Lender Matching Marketplace Platform Central marketplace platform that matches consumer loan requests with a network of independent banks, mortgage lenders, brokers, and lead aggregators, allowing users to explore multiple financing options through a single digital experience.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Rocket Mortgage, LLCcoreOEM/ Whitelabel/ Licensing PartnerRocket Mortgage separated from Quicken Loans in 2023 and now licenses the Quicken Loans brand name to LMB Mortgage Services, Inc. LMB Mortgage Services operates the Quicken Loans marketplace under license from Rocket Mortgage (NMLS #3030). This licensing arrangement allows LMB to use the established Quicken Loans brand while operating independently as a financial services marketplace.
• LMB Mortgage Services, Inc.coreOthersLMB Mortgage Services (NMLS #167283) is the operating entity that runs the Quicken Loans brand. The company is licensed and operates the marketplace platform connecting consumers with lenders. The entity is also known as the parent/operating company for the Quicken Loans marketplace operations.
• Network of Independent Lending ProviderscoreChannel Partner/ Reseller/ DistributorQuicken Loans maintains a network of independent banks, mortgage lenders and brokers, and lead aggregators who pay marketing fees to receive consumer inquiries. These providers offer home purchase loans, home refinance loans, home equity loans, personal loans, and credit cards. All providers have agreements with LMB and must comply with federal and state privacy regulations.
• LowerMyBills.comminorGTM or Marketing PartnerLowerMyBills.com is a sister company under the same corporate umbrella. User information may be shared between entities to provide customers with more options and better service. Both companies operate under LMB Mortgage Services parent company.

Scale indicators1 record

Recent moves7 records

Expansion highlights4 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/quickenloans
• Facebookfacebook.com/QuickenLoans
• Instagraminstagram.com/quickenloans
• LinkedInlinkedin.com/company/quicken-loans

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quicken Loans