Quicken Loans CEO: Millennials Have Changed the Real Estate Market
Quicken Loans is the largest online retail mortgage lender in the country. It has been leading the push towards digitization in the mortgage industry for over a decade.
It is also at the heart of Downtown Detroit's revitalization. The company moved its headquarters into the Motor City in 2010 and has been committed to investing in the city ever since.
Jay Farner, CEO at Quicken Loans, explains why the company ditched its brick-and-mortar stores years ago. He says that people are going to see even more mortgage lenders making the same move.
Farner also shares why Quicken Loans is so heavily invested in the Detroit community. He says that commitment isn't changing anytime soon.
The U.S. added 142,000 jobs in August, below expectations. The unemployment rate fell to 4.2%. The cooling job market raises chances for an interest rate cut.
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