Quicken Loans Becomes Online Mortgage Provider for Yahoo! Real Estate

Business Wire, Feb 13, 2002

Business Editors/High-Tech Writers

LIVONIA, Mich.--(BUSINESS WIRE)--Feb. 13, 2002

Agreement brings together popular online real estate site and

leading online lender to create an invaluable home-buying resource

Quicken Loans Inc., a leading online mortgage lender, today announced that it launched on Yahoo! Inc. (NASDAQ: YHOO), offering sonline mortgage services and content on Yahoo!(R)Real Estate (http://realestate.yahoo.com).

Yahoo! Real Estate is a comprehensive site that brings information and services together on a wide variety of home-related topics, offering consumers fast and easy tools to buy, sell or improve a home. Under the terms of the agreement, Quicken Loans(R), the mortgage lending subsidiary of Intuit Inc. (NASDAQ: INTU), will integrate Quicken Loans' educational content and mortgage tools into Yahoo! Real Estate. This agreement offers Yahoo! Real Estate consumers access to Quicken Loan's innovative home loan programs and powerful tools, including various calculators and content to help educate people on the home buying and mortgage process. For example, Quicken Loans' Mortgage Payment calculator is built in to each individual property listing, enabling customers to quickly estimate the monthly payments for that particular home.

"Quicken Loans has taken the headache out of getting a mortgage," said Dan Gilbert, Quicken Loans Chairman. "Our customers tell us they want to be empowered to make good financial decisions, so we've developed materials to help them understand the mortgage process and feel more confident in their decisions. Yahoo! Real Estate consumers will now be able to use these materials and the services of nearly 1,000 Quicken Loans mortgage experts who have made the mortgage process almost as simple as applying for a credit card."

"We are pleased to work with Quicken Loans to provide Yahoo! Real Estate consumers the resources they need to learn more about the home buying process and to quickly and easily apply for home loans online," said Elizabeth Blair, senior vice president of Yahoo's Listings division. "We continue to improve our offerings on Yahoo! Real Estate to ensure it's an invaluable resource for people making the largest buying decision in their lives."

About Quicken Loans

Quicken Loans Inc. is a leading provider of direct-to-consumer home loans on the Internet, offering mortgages in all 50 states through Quickenloans.com and through three traditional branches. Quicken Loans is the 26th largest direct-to-consumer mortgage lender in the country from among more than 35,000 lending entities. The company provides a wide variety of home financing options including conventional, home equity, government, alternative and jumbo loans. Quicken Loans has nearly 1,000 employees and is a wholly-owned subsidiary of Intuit Inc.

About Intuit

Intuit Inc. (Nasdaq: INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken, QuickBooks, Quicken TurboTax and Quicken Loans(R) simplify personal finance, small business management and payroll processing, tax preparation and filing and home loans.

Founded in 1983, Intuit has annual revenue of more than $1 billion and reaches 25 million customers with nearly 6,000 employees in 13 states and four countries. More information can be found at www.intuit.com.

Note to Editors: Intuit, the Intuit logo, Quicken, Quicken Loans, QuickBooks, and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. or one of its subsidiaries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.

Yahoo! and the Yahoo! logos are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.