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Of course our mission in Detroit and Cleveland and you know, Phoenix, Arizona, have been taking care of our clients.

When asked about a potential IPO, Farner said this in a recent interview: Mortgage rates set a new record low on June 11 - the average rate on a 30-year fixed mortgage loan decreased to 3%. And that number could go even higher as the year progresses. Quicken Loans CEO Jay Farner has indicated that the company forecast nearly $75 billion in mortgage applications in the second quarter, which is up almost $53 billion from the first quarter. The company is thriving and without a doubt has made a name for itself. Throughout 20, the company closed more than $400 billion of mortgage volume across all 50 states. Quicken Loans is different from every other mortgage lender because it relies on wholesale funding for its loans and uses online applications rather than a branch system. That company is Detroit, Michigan-based Quicken Loans. The word on the IPO market is that one of the largest mortgage lenders in the U.S.