Mortage Lending Leader Quicken Loans Joins Team Penske as IndyCar Sponsor in 2013

BIRMINGHAM, Ala., March 12, 2013 /PRNewswire/ -- Team Penske today announced that Detroit-based Quicken Loans Inc., the nation's largest online mortgage lender and third-largest mortgage lender in the country, will join the team's IZOD IndyCar Series racing efforts as a sponsor beginning in 2013.

As part of the new multi-year agreement, Quicken Loans will be featured on the cockpit of both the No. 3 Team Penske Chevrolet IndyCar driven by three-time Indianapolis 500 winner Helio Castroneves and No. 12 Verizon Team Penske Chevrolet machine driven by three-time series road course champion Will Power. This marks the return of Quicken Loans as a sponsor of Team Penske. During the 2003 season Quicken Loans was a sponsor of the team that saw Gil de Ferran earn the 13^th of Team Penske's record 15 Indianapolis 500 victories.

"We are very excited to have Quicken Loans as a partner of Team Penske," said Penske Racing President Tim Cindric. "Quicken Loans' remarkable record of success and growth makes it a great company to be affiliated with and we look forward to building our relationship in the future."

Quicken Loans has also been announced as the presenting sponsor of the IndyCar doubleheader race weekend at the Chevrolet Detroit Belle Isle Grand Prix. The Chevrolet Indy Dual in Detroit presented by Quicken Loans will feature the first IZOD IndyCar Series races held on back-to-back days next season – June 1-2, 2013 at Detroit's redesigned Raceway at Belle Isle Park street circuit.

"As a Detroit-based company, we are looking forward to partnering with Roger Penske, who has a tremendous legacy in our hometown, as well as his amazing race team," said Jay Farner, President and Chief Marketing Officer for Quicken Loans. "Through this sponsorship we are aligning ourselves with great drivers and great people, and in the case of the Belle Isle Grand Prix, doing great things for the city of Detroit."

About Quicken Loans Inc.

Detroit-based Quicken Loans Inc. is the nation's largest online home lender and the country's third largest retail home mortgage lender. The company closed a record $70 billion of volume across all 50 states in 2012. Quicken Loans generates loan production from web centers located in Detroit, Cleveland and Scottsdale, Arizona. The company also operates a centralized loan processing facility in Detroit, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power and Associates in 2010, 2011 and 2012.

Quicken Loans has ranked among the top-30 companies on FORTUNE Magazine's annual "100 Best Companies to Work For" list for 10 consecutive years. It ranked in the top-15 of Computerworld magazine's "100 Best Places to Work In Technology" for eight years in a row, ranking in the top-5 in 2012. The company recently moved its headquarters and more than 7,000 of its 8,000-plus team members to downtown Detroit. For more information about Quicken Loans, please visit quickenloans.com, on Twitter at @QLnews, and on Facebook at facebook.com/QuickenLoans.

About Penske Racing

Penske Racing is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Penske Racing have produced 364 major race wins, 423 pole positions and 24 National Championships, including the 2012 NASCAR Sprint Cup Series title. The team has also earned a record 15 Indianapolis 500 victories in its storied history. For more information about Penske Racing, please visit www.penskeracing.com.

SOURCE Quicken Loans Inc.

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