Quicken Loans founder Dan Gilbert will retain control of America’s largest mortgage lender after its IPO.
According to a regulatory filing the share structure will allow Gilbert to control 79% of the voting power.
In the first quarter of 2020, the company originated $52bn in mortgage loans, more than double the year before — translating to $1.4bn in revenues and net income of $97m, compared to a loss the year before.
