Quicken Loans is making changes to its leadership team, including promoting longtime CEO Bill Emerson.
Emerson is being promoted, effective immediately, to vice chairman of Quicken Loans parent company Rock Holdings, according to a HousingWire report. He’ll be replaced as Quicken Loans CEO by Jay Farner, a 21-year veteran of the company who most recently served as president and chief marketing officer.
The company is also moving former chief economist Bob Walters into a dual role as president and chief operating officer, according to HousingWire.
“For nearly all of Quicken Loans’ 31-year history, Bill, Jay and Bob have been at the forefront, driving out strategy and culture,” said the company’s chairman and founder, Dan Gilbert. “Their passion and absolute dedication to growing our team members has been instrumental in our company becoming the leader in technology, innovation and client service.”
As CEO of Quicken Loans, Emerson has long been a prominent figure in the mortgage industry. Last year, he served as the 2016 chairman of the Mortgage Bankers Association. Quicken Loans said that Emerson will now take an even larger role in advocating for the mortgage industry, HousingWire reported.
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