Quicken Loans Inc. in Detroit, the nation’s largest home mortgage lender, and its family of affiliated companies, today announced plans to open a new office in the historic Old Fish Market Building (156 Chatham St. West) in downtown Windsor, Ontario.
The expansion into Canada will allow Quicken Loans and its Family of Companies to recruit top talent from Windsor, Toronto, Waterloo, and all of Ontario to support the company’s growing need for additional technology talent.
“We learned a lot more about Ontario’s deep technology talent pool over the past couple of years as we explored pitching the international border of Windsor/Detroit to various companies,” says Jay Farner, CEO of Quicken Loans.
“As Quicken Loans continues to grow and set the standard for innovation, we remain focused on recruiting additional technology talent to our “brainforce.” With our headquarters located in downtown Detroit, we have a tremendous opportunity to tap into the rich technology pipeline both stateside and in Canada.”
Quicken Loans and the Family of Companies will lease more than 9,000 square feet of office space in the Old Fish Market Building. Renovation of the new location is expected to be completed in the first or second quarter of 2019. The company plans to grow the office to more than 100 tech workers.
“We are excited that Quicken Loans and its Family of Companies have made the decision to open an office in downtown Windsor. The relationship we developed recently with them as we jointly pursued various technology companies to our international border cities helped us share the strong value proposition of Windsor,” says Windsor Mayor Drew Dilkens.
Quicken Loans currently does not offer mortgages in the Canadian market, although it has publicly stated its interest in learning about the Canadian home mortgage market.
This will be the second foray into Canada for the Detroit-based home lender. In 2016, Rocket Homes, a subsidiary of the same holding company as Quicken Loans (Rock Holdings Inc.), acquired Toronto-based OpenHouse Realty — a company specializing in the development of proprietary home and real estate agent search technology.
Terms of the lease agreement were not made available.
Detroit-based real estate firm Bedrock led the search for the new office location with the support of Mark Lalovich and Russel Lalovich of Windsor’s Remax Preferred Realty.