CIO Magazine Names Quicken Loans to List of Most Innovative Technology Companies

Livonia, Mich. – Aug. 21, 2006 – CIO Magazine has named Quicken Loans to its “CIO 100” list of the most innovative technology companies in the world.

Each year, CIO Magazine compiles a list of what it views as the most technologically innovative companies. Quicken Loans was cited specifically for its state-of-the-art loan origination platform and electronic signature process. This technology puts Quicken Loans on the cutting edge of the mortgage industry and contributed greatly to the company’s growth.

“Our Technology Team represents the best in the business,” said Todd Lunsford, chief information officer (CIO) for Quicken Loans. “We’re proud of this team for supporting the organization’s growth. The company is hiring hundreds of people each month. Our Technology Team provides seamless support to all areas. This includes building processes that support hiring and licensing, providing technology support and equipment for all 3,600 employees, improving our award-winning Web site and supporting all the systems associated with the mortgage process.”

“I’m also proud of their continued focus on enhancing our business applications to the tune of making more than 25 changes per day to the many production systems we support, which help make the company more efficient and the mortgage process simpler and more convenient for our clients. In doing so, they are improving our production systems one inch at a time, but changing the entire mortgage industry in the process,” he concluded.

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About Quicken Loans

Quicken Loans Inc consists of Quicken Loans, the nation’s largest online lender and Rock Financial, Michigan’s largest retail mortgage company. Together, under the Rock Financial and Quicken Loans brands, the company closed $16 billion in home loans in calendar year 2005. The Quicken Loans Web site (www.quickenloans.com) has been ranked a “Best of the Web” mortgage lending site by Forbes, Money and PC Magazine. The company employs more than 3,600 people and has been ranked among the top 15 of FORTUNE Magazine’s list of the “100 Best Companies to Work for in America” for three consecutive years. It also has ranked #1 on Computerworld’s list of “100 Best Places to Work in Technology” for two years. Rock Financial has been named to the Crain’s Detroit Business list of the “Cool Places to Work” and “The Best and Brightest Place to Work in Metro-Detroit.” For information on careers at Quicken Loans, please visit www.quickenloanscareers.com.