If you’ve been scouring the internet for reviews on Quicken Loans, you might have stumbled across some older ones from way back. That’s because Quicken stepped out of the mortgage scene in 2021. Let me break down the current situation with Quicken Loans for you.
### How Does Quicken Loans Connect to Rocket Mortgage?
Let’s rewind a bit for a quick history lesson. Quicken Loans was born in 1999 when Intuit, a company you might know for TurboTax, bought Rock Financial, a mortgage lender, and combined it with its budding online home loan service, QuickenMortgage. Fast forward to 2002, a group of investors, led by Rock Financial’s founder, purchased Quicken Loans from Intuit and decided to stick with the Quicken Loans name.
Rocket Mortgage by Quicken Loans made its debut in 2015, marking the first fully-online mortgage application process. They maintained separate websites at the time, but Rocket Mortgage was fundamentally a creation of Quicken.
In 2021, everything flipped. Rocket Companies, which is the umbrella company for Quicken Loans and other brands under the Rocket name, announced that Quicken Loans would now be called Rocket Mortgage. So, while the Quicken Loans name lingered, all actual lending was done through Rocket.
### What’s Quicken Loans Up to Now?
These days, Rocket Companies have shifted Quicken Loans from just being a support for Rocket Mortgage. The Quicken Loans name is now licensed to LMB Mortgage Services, a subsidiary of Rocket Companies, which operates the Quicken Loans website.
Though Quicken Loans isn’t directly back in the mortgage business, their website is still a treasure trove of information regarding home purchase and refinance loan options. If you click on options like “Get Started” or “Buy a Home,” you’ll be led through a series of questions about buying or refinancing a home. This eventually requires you to provide contact information, much like a typical lender site if you’re seeking a rate quote or pre-approval. Once your details are shared, Quicken partners—including possibly Rocket—might reach out to you with more tailored offers.
### Where Should You Head Next?
If you landed here trying to score a mortgage through Quicken Loans, Rocket Mortgage is where you should go. They now manage the home lending business under this brand. As the top consumer mortgage lender in the U.S., Rocket Mortgage offers a broad assortment of home loans, including several options with low down payments.
However, if you’re still exploring your options, be sure to check out our list of top-rated mortgage lenders (and yes, Rocket is on that list). It’s prudent to shop around and compare various mortgage lenders. This way, you not only find a lender that suits your loan type but also snag the best deal available.
