Quicken Loans ready to pay for ace

Quicken Loans didn't waste any time getting fans involved in its PGA Tour event.

The new title sponsor of the Quicken Loans National will pick one person to receive $1 million if a PGA Tour player makes a hole-in-one on the 10th hole at Congressional during any of the four rounds of the tournament.

Registration for the Quicken Loans Hole-In-One Sweepstakes began Monday at www.pgatour.com/QuickenLoans.

"First impressions are important, and I can't think of a better way to celebrate our first year as sponsor of the Quicken Loans National than to create even more excitement for an already world-class tournament," said Jay Farner, the company's president and chief marketing officer.

Odds are long, though they're still better than picking a perfect bracket for the NCAA basketball tournament.

Quicken Loans is extending its sweepstakes beyond the June 26-29 tournament. For every hole-in-one on the PGA Tour for the rest of 2014, the Detroit-based company will pay a year's worth of mortgage payments to a randomly selected entrant. And even if there are no aces, the company will randomly picked 60 names to receive one monthly mortgage payment on their homes.

Information from The Associated Press was used in this report.