Quicken Loans, the largest home mortgage lender in the US, is to open a new office in Canada.
The firm including its ‘Family of Companies’ is leasing more than 9,000 square feet of office space in the Old Fish Market Building in Windsor, ON, and intends to employ around 100.
While it does not currently offer mortgages in Canada, it has stated previously that it wants to understand more about the Canadian mortgage market.
A firm owned by Quicken’s parent firm Rock Holdings Inc., Rocket Homes, entered the Canadian real estate market in 2016 when it acquired Toronto property tech firm OpenHouse Realty.
"We learned a lot more about Ontario's deep technology talent pool over the past couple of years as we explored pitching the international border of Windsor/Detroit to various companies," said Jay Farner, CEO of Quicken Loans. "As Quicken Loans continues to grow and set the standard for innovation, we remain focused on recruiting additional technology talent to our brainforce. With our headquarters located in downtown Detroit, we have a tremendous opportunity to tap into the rich technology pipeline both stateside and in Canada."
Welcomed by the mayor
The company closed more than $400 billion of mortgage volume across all 50 states from 2013 through 2017 and has been top 30 in Fortune Magazine’s top companies to work for over the past 15 years.
Windsor Mayor, Drew Dilkens, has welcomed Quicken’s decision to open an office in the city.
"The relationship we developed recently with them as we jointly pursued various technology companies to our international border cities helped us share the strong value proposition of Windsor," he said . "Quicken Loans is an amazing company with a great work culture. We look forward to working closely with them in the months and years ahead as they grow their presence in our city."