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Encyclopedia > Dan Gilbert

Daniel (Dan) Gilbert is the Chairman and Founder of Quicken Loans Inc. Gilbert also is majority owner of the NBA’s Cleveland Cavaliers basketball team. The National Basketball Association of the United States and Canada, commonly known as the NBA, is the premier professional basketball league in North America. ... The Cleveland Cavaliers are a National Basketball Association team based in Cleveland, Ohio. ...


Gilbert founded Rock Financial Corporation in 1985 as a first-year law student. Gilbert, then 22 years old, served as the Chief Executive Officer and Chairman of the Board. Rock Financial grew into one of the largest independent mortgage banks in the country. In May 1998, Gilbert took the company public. Initially a brick and mortar lender, the company launched “Rockloans.com” in January of 1999, which quickly positioned itself as the leader in online retail mortgage lenders.


In December 1999, Intuit Inc. (makers of market leading software TurboTax and Quicken) purchased Rock Financial. The national web operation was renamed "Quicken Loans" and grew substantially as the leading provider of direct-to-consumer home loans on the Internet, offering mortgages in all 50 states. Gilbert remained at the company as its CEO.


In July, 2002, 30 months from the sale of Rock Financial, Gilbert led a small group of private investors and purchased the Quicken Loans subsidiary back from Intuit. While Quicken Loans, Inc. is now 100 percent privately held, the company retains all Quicken Loans branding and marketing initiatives, including partnerships with Yahoo!, MSN.com and AOL.com.


Gilbert became majority owner of the NBA's Cleveland Cavaliers in March, 2005. The National Basketball Association of the United States and Canada, commonly known as the NBA, is the premier professional basketball league in North America. ... The Cleveland Cavaliers are a National Basketball Association team based in Cleveland, Ohio. ...


Dan was recently named one of the Forbes 400 in the magazine’s 2005 rankings.


Gilbert received an undergraduate degree from Michigan State University, a law degree from Wayne State University and is a member of the Michigan State Bar. Michigan State University (MSU) is a public university in East Lansing, Michigan. ... Wayne State University Wayne State University, located in Detroit, Michigan, is adjacent to the citys Cultural Center. ... Official language(s) English de-facto Capital Lansing Largest city Detroit Area  - Total   - Width   - Length   - % water  - Latitude  - Longitude Ranked 11th 96,716 sq mi  250,494 km² 239 miles  385 km 491 miles  790 km 41. ...


Gilbert resides in suburban Detroit. Motto: Speramus Meliora; Resurget Cineribus (We Hope For Better Things; It Shall Rise From the Ashes - this motto was adopted after the disastrous 1805 fire that devastated the city) Nickname: The Motor City and Motown Location in Wayne County, Michigan Founded Incorporated July 24, 1701 1815  County Wayne County Mayor...



 

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