Quicken, RockBridge Buy Reverse Lender

Quicken Loans Inc. and RockBridge Equity Partners, both of Livonia, Mich., have acquired One Reverse Mortgage, a fast-growing provider of FHA-backed reverse mortgage programs that is headquartered in San Diego. Dan Gilbert, chairman of Quicken Loans, is a partner in RockBridge. "This will also help Quicken Loans serve a broader market by adding to the diverse range of products we offer our clients," Mr. Gilbert said. RockBridge partner Brian Hermelin added that One Reverse Mortgage "presents the exact type of opportunity we are pursuing as a private equity group. It's a great company in a growing and attractive industry, led by a talented and entrepreneurial management team." In a second transaction, Quicken Loans' affiliate Title Source Inc., Troy, Mich., has acquired TransUnion Title and Escrow of California. "We've provided closing and escrow services in California for several years, and the acquisition of TransUnion Title and Escrow now gives us the opportunity to offer a complete solution, which now includes title insurance, to lenders and consumers in California," said Title Source president Jeff Eisenshtadt. Quicken Loans can be found online at http://www.quickenloans.com.