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Quicken Loans acquires two California-based companies

National Mortgage Professional
Mar 24, 2014

Quicken Loans acquires two California-based companiesMortgagePress.comOne Reverse Mortgage, TransUnion Title and Escrow of California

Rock Holdings Inc., the parent company of Quicken Loans Inc., has announced the acquisition of two California-based companies that will result in increased growth and market share and will provide new home loan programs and services for their clients.

Quicken Loans and RockBridge Equity Partners have acquired One Reverse Mortgage, and Quicken Loans' affiliate, Title Source Inc., has acquired TransUnion Title and Escrow of California.

"This is a great start to 2008," said Quicken Loans Founder and Chairman Dan Gilbert. "Both acquisitions will allow our Quicken Loans family of companies to pursue new avenues of business, gain market share, and expand the range of mortgage programs and services we can offer our clients."

Livonia, Mich.-based Quicken Loans Inc. is an online retail mortgage lender. For more information, call (800) 251-9080 or visit www.quickenloans.com.

Also based in Livonia, Mich., RockBridge Equity Partners is a private equity group that invests in growing businesses in the financial services, Internet technology, consumer direct marketing, and sports and entertainment sectors. For more information, call (734) 805-1800 or visit www.rbequity.com.

San Diego-based One Reverse Mortgage is a provider of FHA-sponsored reverse mortgage programs. For more information, call (800) 736-1642 or visit www.onereversemortgage.com.

Troy, Mich.-based Title Source Inc. provides title insurance, appraisal vendor management and closing services nationwide. For more information, call (888) 848-5355 or visit www.titlesourceinc.com.

Published
Mar 24, 2014