Business Services Industry
About 40 under 40: Part 6 of 8.(Special Report)(Quicken Loans Inc. and Rock Financial's CEO)
Crain's Detroit Business, September, 2003
Patrick McInnis, 38 President and CEO Quicken Loans Inc. and Rock Financial Livonia Biggest achievement: Sustaining growth at the nation's largest online mortgage lender. Current goal: To double revenue to $1 billion and increase staff to 5,000 in 2006 on the way to becoming the nation's No.
1 mortgage lender in five years. When Patrick McInnis became president in February 2002 of Livonia-based Quicken Loans, which operates as Rock Financial in Michigan, he wanted to drive the company to originate $10 billion in loans by 2006. At the time, Quicken had just closed its biggest year, 2001, with $4.6 billion in loans. Because Quicken Loans is on track to originate $15 billion in loans this year and tally about $500 million in revenue, he's...
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