About Dan Gilbert

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Dan Gilbert, Chairman and Founder, Quicken Loans Inc.
Majority Owner, Cleveland Cavaliers

Dan Gilbert is Chairman and Founder of Quicken Loans, the nation’s largest online home lender.

Dan also is majority owner of the NBA Cleveland Cavaliers basketball team, the  Lake Erie Monsters AHL hockey team and operator of the Quicken Loans Arena in Cleveland, Ohio.

Quicken Loans closed a company-record $25 billion of home loan volume in 2009. The company employs more than 3,000 people nationally and has been ranked in the top-30 of FORTUNE Magazine’s “100 Best Companies to Work For” the past seven years, ranking as high as #2. The company has also been ranked as one of Computer World Magazine’s “100 Best Places to Work in Technology” the past five years, ranking #1 in 2005, 2006 and 2007.

Dan founded Rock Financial in 1985. Rock Financial grew into one of the largest independent mortgage lenders in the country. In the late 1990s, Rock launched its Internet strategy and quickly positioned itself as the fastest growing direct mortgage lender on the Internet.

In January 2000, software maker Intuit purchased Rock Financial and the national online lending business was renamed “Quicken Loans.” With Dan remaining as CEO, Quicken Loans became the leading national provider of home loans on the Web. QuickenLoans.com has gone on to earn “Best of the Web” accolades from Forbes, Money and PC Magazine.

In 2002, Dan and a small group of private investors purchased Quicken Loans Inc. back from Intuit. Since then, the company has grown, acquiring One Reverse Mortgage and Title Source, and creating In-House Realty.

Dan became majority owner of the NBA’s Cleveland Cavaliers in March 2005 and immediately undertook a complete overhaul of the front office, coaching staff, player personnel, the Quicken Loans Arena (“The Q”) and game presentation. During Dan’s ownership, the Cavaliers won the 2007 Eastern Conference Championship, advancing to the NBA Finals for the first time in the team’s 37-year history. The team finished the 2008-2009 regular season with a franchise record and NBA-best 66 wins; the Cavaliers are currently the only team in the NBA to advance past the first round of the playoffs in each of the prior four seasons.

Dan is a founding partner in private equity group Rockbridge Growth Equity LLC (RBE). The partnership invests in growing businesses in the financial services, Internet technology, consumer-direct marketing, and the sports and entertainment industries. RBE has significant investments in Northcentral University, a premier online educational institution; Protect America, a leading home security company; and Ready Financial, a provider of affordable banking products.

Dan and his partners also operate and invest in several consumer-based, technology-centered businesses, including: Fathead, Veritix, Veritix, Xenith LLC, ePrize, StyleCaster and Quizzle.com.

In November 2009, through his Rock Ventures partnership, Dan successfully backed a state constitutional amendment bringing casino gaming to Ohio. Rock Gaming will own and operate casinos in downtown Cleveland and downtown Cincinnati. The casinos are expected to open in 2013.

Dan launched Bizdom U in Detroit in 2007. The non-profit entrepreneurial boot camp trains, mentors and finances business builders in their start-up enterprises in the city of Detroit. Bizdom U’s mission is to create successful businesses, jobs, growth and wealth in large urban centers.

Dan serves on the boards of the Cleveland Clinic, the Washington D.C.-based Children’s National Medical Center (CNMC) and the Children’s Tumor Foundation.

Dan earned his bachelor’s degree from Michigan State University and his law degree from Wayne State University. He has received the “Entrepreneur of the Year” award from Ernst & Young and has been inducted into the Junior Achievement Hall of Fame.

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