LIVONIA, Mich. — Intuit Inc.’s earnings report for the quarter that ended Oct. 31 says that its Internet subsidiary Quicken Loans turned a profit.

Quicken Loans was formed in December of last year when Intuit merged Quicken Mortgage with Rock Financial Corp., which Intuit purchased in late 1999. Quicken switched to a transaction-based business, funding its own loans.

Revenue from Intuit-funded online mortgages jumped 53%, driving a 7% increase in revenue for the mortgage business as a whole. The mortgage business overall had a slight operating profit in the three months and should be profitable for the full fiscal year, Intuit said.

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