Press Releases

Of the 12 online mortgage sites evaluated for Forbes' Best of the Web review, Quicken Loans' site was selected the magazine's favorite, as published in the June 24 issue. Forbes noted that QuickenLoans.com is "deep with information useful for first-time homebuyers and those refinancing. Explanations are clear and calculators plentiful, including a tax-saving calculator and one that compares a 15-year with a 30-year loan." Forbes also gave kudos to Quicken Loans' home buying, refinance, home equity and debt consolidation calculators and the company's knowledgeable loan officers.

"The Forbes recognition confirms that we are delivering an outstanding customer experience by making the whole mortgage process as simple as possible," said Bill Emerson, Quicken Loans chief executive officer. "QuickenLoans.com provides educational content and calculators that help consumers understand the home buying and mortgage process and feel more confident in their decisions. That, combined with more than 900 experienced mortgage professionals, helps ensure our customers obtain the right mortgage product for their situation."

"The QuickenLoans.com site was designed using customer input and is continually modified using our 'voice of the consumer' process," said group product manager Tim Dennis. "We use direct feedback from consumers who tell us what they want from our site, whether it is more content for first-time home buyers or a calculator to help them determine if they should consider refinancing. The Forbes recognition indicates this approach has been effective."

Quicken Loans is the mortgage lending subsidiary of Intuit Inc. (NASDAQ: INTU), maker of market leading software Quicken® and Quicken TurboTax®. Quicken Loans closed more than $4.6 billion in home loans in calendar 2001 and is the nation's 23rd largest retail mortgage lender from among some 35,000 lending entities.

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. The company provides a wide variety of home financing options including conventional, home equity, government, alternative and jumbo loans. More than 900 experienced mortgage professionals at Quicken Loans work directly with consumers throughout the entire process to help consumers close their loans quickly. The Web site also educates and empowers consumers through timely interactive tools and information related to the home financing process. Quicken Loans is a wholly-owned subsidiary of Intuit Inc.