Quicken Loans Inc. plans to increase staffing at its Cleveland Web Center by at least 25%, as the company will add 100 new employees to the more than 300 already working at the location.
To accommodate the new employees, the company has expanded its space at its current location by 11,000 square feet to a total of 26,000 square feet.
The office specializes in originating Veterans Affairs loans; Quicken said this office increased its origination volume by 25% in 2011.
Quicken Loans founder and chairman Dan Gilbert has a vested interest in seeing business growth in downtown Cleveland.
He is the majority owner of the National Basketball Association’s Cleveland Cavaliers and among his other business interests in the city is the soon-to-open Horseshoe Casino Cleveland.