Financial Services
The Detroit Region is a historic leader in banking and fintech
With the rise of digital banking, cryptocurrencies, and cashless transactions, new technologies and trends have revolutionized the financial services industry. Now, large banks and emerging fintech startups alike are looking to the Detroit Region to lead the way forward.
The Detroit Region is a top location for finance and business talent, with industry job growth steadily outpacing the national average. The University of Michigan offers the best undergraduate finance program among public U.S. universities. And the Detroit Fintech Association regularly hosts events and initiatives to grow the region’s financial technology sector.
Prominent finance companies are increasingly choosing to expand their operations in the Detroit Region because of its low cost of business, high-quality talent, and prime location. The region is currently home to the headquarters of the nation’s largest retail mortgage lender Quicken Loans and the two largest wholesale mortgage lenders: United Wholesale Mortgage and Home Point Financial.
With its top talent and historic expertise, the Detroit Region is proud to optimize your growth and pioneer the future of fintech together.
Frequently Requested Financial Services Information:
Download Cluster Overview
Download Business Case Overview
Access the Financial Services Interactive Story Map

From digital banking to insurance technology, the Detroit Region is at the forefront of the evolving financial services and fintech industry. Over the past five years, the region’s industry job growth has quickly outpaced the national average and is projected to continue growing at a robust, steady pace.
2019 Financial Services Facts
#1
U.S. Retail Mortgage and Wholesale Mortgage Companies
Headquarted in the Detroit Region
95,068
Finance and Insurance Workers
5
Michigan-Based Companies Ranked on the Inc. 5000 in 2020
11.0%
5-Year Historic Growth
2015–2019
6.0%
5-Year Forecasted Growth
2019–2023
7.0%
Fintech Job Growth
2015–2019
Resources and Data
Financial Services Cluster Overview

Financial Services Business Case Overview

Financial Services Interactive Story Map

Key Companies

Ally Financial
Bankrate
Billhighway
Clearcover
Credit Acceptance
Flagstar Bank
Homepoint Financial
Huntington Bank
International Bancard
North American Bancard
Quicken Loans
United Wholesale Mortgage
Contact Our Expert

Kent Spencer
VP, Business Development