Overwhelming amount of work and information expected in a ridiculously short period of time. 109 Quicken Loans reviews. Mortgage Loan Officer (Current Employee) - Phoenix, AZ - January 21, 2019 Quicken Loans is a wonderful company to work for with a lot to offer but the hours are unrealistic. Your response will be removed from the review – this cannot be undone. There is no point you get to where you are doing a good enough job. Thank you for your review. A free inside look at company reviews and salaries posted anonymously by employees. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Power U.S. Primary Mortgage Origination Satisfaction Study. Hence why I am on here writing this, seeking something that will allow me to see my kids more than one day a week. I met amazing people and learned all about the mortgage industry. SINGLE. Whether you want to do your mortgage refinancing 100% online, strictly with a loan officer, or a mixture of both, Quicken Loans has you covered. Virtually everyone works 60 hours a week consistently with a boiler room mentality and many work 70+ hours. The same people with no work experience or degree that get this job and could make 6 figures often leave within 3-6 months. Plan on working 6 days a week if you come aboard and usually 12 hour days. From hover boards too scooters going up and down the hallways too bean bags and yoga balls as desk chairs. Just recently the company gave EVERY. Compare home loan options and apply online with Rocket Mortgage. Quicken Loans boasts a bevy of mortgage products for purchase or refinance that include conventional and government-backed loans. I truly became an expert. Most days you are transferred clients who have been called 15+ times that month. I acquired several skills in salesmanship, organization, and detail orientation in a fast paced work environment. No work experience, no degree yup 6 figures. Thank you for taking the time to write this review. Amazing benefits, base pay plus commission, great culture, Mandatory 6 days a week schedule, little to no work life balance. Bait and Switch Company. We re disappointed to hear about your experience and would like to discuss specifics further as we are always looking for ways to improve. The compensation model is awful. Check out her interview with PowerToFly. I'm truly grateful to have had the pleasure to work at the largest and number one rated mortgage lending company in the United States. Headquartered in Detroit, Quicken Loans has provided more than two million American families with mortgages. Lots of information given in a short period of time that you have to memorize. Quicken Loans Loan Officer reviews: QL Sucks. However, job security is very low there is a high turn over rate here. Pay was good, consistent bonuses. The greatest aspect of Quicken Loans, perhaps rivaled with it's compensation, is the family like culture of Quicken Loand. I thought I could do it, but ultimately quit. This just in! I was/am super excited to be a part of the QL team and I was even more excited when I moved into the mortgage banker position. 87%say women are treated fairly and equally to men. If you have bad credit will Quicken Loans hire you? I was working 80 hours a week. Work schedule changed on a daily basis, no regards to work/life balance. Thank you for your review. Consistent incentives. Quicken Loans - Loan Officer Review from Havre, Montana. you will earn your pay, but you will be rewarded for your hard work and efforts. Quicken Loans was an amazing company to work for. 2,043 Quicken Loans reviews. Quicken Loans Fun work environment which helped the days go by faster. 422 Quicken Loans reviews. The only thing that holds you back is yourself. Quicken Loans Mortgage Points. Check for reviews and ratings to learn more about Rocket Mortgage (Quicken Loans) on CreditKarma.com before making a decision on a mortgage lender. Read honest and unbiased product reviews from ... the first conversation I had with a Senior Loan Officer who quoted me closing costs of about 4K...for me that was a ... Those 3 words sum up our entire experience with Quicken loans by Rocket Mortgage. Whether you want to do your mortgage refinancing 100% online, strictly with a loan officer, or a mixture of both, Quicken Loans has you covered. Compensation and benefits are wonderful. Great Compensation, Not so great Work Life Balance, Good job if you dont mind an unpredictable work schedule. Look For Quicken Loans Mortgage Loan Officer Reviews Mortgage Calculator Piti Bradley Betts Caliber Home Loans Black Horse Home Improvement Loans Better Rate Mortgage Boi Mortgages Contact Best Variable Investment Home Loan Rates Boa Home Equity Loan Status Boq Home Loan For Doctors Bigpond Home Loans Uk Bmo Commercial Mortgage . Rocket Mortgage overview. What tips or advice would you give to someone interviewing at Quicken Loans? The pipeline of taking constant calls all day and not being about to work on your current one was insane. Bad, Very Bad. On a normal week I average 65 hours a week. It's a constant 60+ hours/week, with nonstop micromanaging from superiors. Unfortunate. Regardless of how you start your application, you’ll eventually need to apply through a loan officer. Quicken Loans is rated five out of five in the 2019 J.D. BTY they are the most expensive and inept mortgage lender in the USA Plan to give 130% , as you will spend lots of time here. I have been working at Quicken Loans full-time, I have been working at Quicken Loans full-time for more than 3 years, Great benefits People rely on reviews to make better decisions. They pay you "overtime" but because you are salary it ends up being less than $4 an hour for anything over 40, which believe me, you will be working o/t. 1,351 reviews from Quicken Loans employees about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. Quicken Loans - Loan Officer Review from Littleton, Colorado. Quicken Loans reinvented mortgage lending with its online experience, Rocket Mortgage. I would recommend this job for someone who is young or a college grad with no outside obligations. In business for over 35 years, this company makes it almost a pleasure to apply for your refi and get it closed in record time - and they also offer award-winning servicing after your mortgage is funded. When it comes to comparing mortgage rates and choosing a mortgage lender, Quicken Loans offers most anything borrowers are looking for. We are so glad that you enjoyed working with us as we take pride in our team member experience so we are happy that is being reflected! They made working there fun and never dull. Quicken Loans has a reputation as a heavy-hitter in the mortgage space. Quicken Loans offers fixed-rate, cash-out refinance loans in terms of up to 30 years, which enable you to tap your home’s equity for home renovations or debt consolidation. A free inside look at company reviews and salaries posted anonymously by employees. If that is something that bothers you, it won’t be compromised. Rocket Mortgage by Quicken Loans is a leading online mortgage lender. Thank you Dan Gilbert, and Jay Farner, and the rest of the people who made it possible to work at such an amazing place, and help the most amazing clients. You will work more than 65, but only be compensated for 65(per week). Quicken, which was founded in 1985, announced in Feb. 2018, that it became the nation's largest residential mortgage lender with a total loan volume of $83.4 billion. A free inside look at company reviews and salaries posted anonymously by employees. Quicken is an incredible company. Along with that, we are also providing work from home options as we value the talent and skills that our team members bring to our company and we want to ensure the best team member experience possible. Response to Pissed Customer who does not agree with Quicken's report. None that are worth the amount of work you put in, Work/life balance doesn't exist, unhealthy work environment, pay is little, etc. Thank you for your review. I loved the people I worked with at Quicken Loans. Our community is ready to answer. The pay is good, but could be better. all the coffee, drinks and snacks you can handle. The job is stressful and it feels like you're a part of a cult; if you're unsure as to whether or not you should apply, i highly recommend looking at other options. In business for over 35 years, this company makes it almost a pleasure to apply for your refi and get it closed in record time - and they also offer award-winning servicing after your mortgage is funded. You will get burned out so quick. If you like being in a cubicle and on phone on day than this job is good for you. Great Benefits, Cool work atmosphere. Many companies talk about culture, but at Quicken Loans®, that’s... – More. A free inside look at company reviews and salaries posted anonymously by employees. Are you sure you want to replace it? Micro management on a whole other level, I worked at Quicken Loans full-time for less than a year, Training, management, co-workers, benefits, commission, Hours, turnover rate, no work life balance, Great earning potential, great work environment, You will work 70 hour weeks to meet goals, Do you want to work for a company where you’ll make an impact every day? FHA cash-out refinance loans. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. Read reviews and complaints about Quicken Loans, including various loan options, tools and calculators, mortgage rates, rate security and more. Leaving quicken was one of the hardest decisions I ever had to make. At times your effort will never feel like enough, and there is a lot of groupthink about how great workplaces are “supposed to look like.”, Very uplifting team members and opportunities to make more money than people with Masters Degrees easily, They will work you to death. Quicken Loans. They go above and beyond to make sure every employee has the tools they need to succeed in a very competitive industry. Help them out by rating your employer. Quicken Loans lets you apply for your mortgage completely online, entirely with a loan officer, or a blend of both. They want you push harder each day. 8 Questions You Should Absolutely Ask An Interviewer, "Good pay, little to no work life balance". Glassdoor will not work properly unless browser cookie support is enabled. A free inside look at company reviews and salaries posted anonymously by employees. Whether you want to do your mortgage refinancing 100% online, strictly with a loan officer, or a mixture of both, Quicken Loans has you covered. Copyright © 2008–2021, Glassdoor, Inc. 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But when they keep raising your goals each month you are essentially being paid less for more work. Can be stressful and performance is important. They say you can transfer but I get lied to every time I try due to hours, I worked at Quicken Loans full-time for more than a year. Unless you are 22 and have an apartment downtown, and even then, you will get burnt out. We take great pride in our training programs and are so glad that is reflected in your experience. Let's face it: no two homebuyers are the same. but they do offer a lot of team promotions and fun games it is a nice place to work actually one of the best companies I've ever worked for but the 60 to 65 hours a week is to much. While we continue to improve, we are happy to say that we have recently implemented a reduced hours program for our bankers. Plan on dedicating 6 days out of the week working here (at least 65hrs a week) plus having tasks to complete before and after the work day. You really feel important and there are several resources available to assist in your growth. Thank you for your review. This will replace the current featured review for targeted profile. On average you get around $50 a loan you write which can add up. No matter the tenure or seniority, you're still respected, and you have all the tools to make yourself great. Read employee reviews and ratings on Glassdoor to decide if Quicken Loans is right for you. High turn over rate, which is the reason they hire bankers in such large quantities. 72 Quicken Loans Reviews ... "I worked for a short time with Quicken Loans mortgage services as a mortgage banker when I left my IT Project Coordinator contract position with Centria Healthcare to try something new in my career and gain additional knowledge and skills ... Quicken Loans: Mortgage Loan Officer - Cleveland. Great pay, fun culture, great sales experience (especially if you’re starting in the mortgage industry). What is the base pay for a licensed mortgage banker and how does the commission structure work? Learn more about Quicken's loans, rates and fees. How to Answer: What Are Your Strengths and Weaknesses? Explore work from home during COVID-19, remote work support and work-life balance. It is hard work for sure, but it's ok if you are prepared for it. No opportunity to move within company if you’re a banker. Very good place to work great benefits and lots of opportunity. must read!!! You may also be able to get an adjustable-rate refinance loan through Quicken Loans, depending on the type of loan program you select. Glassdoor has 2,570 Quicken Loans reviews submitted anonymously by Quicken Loans employees. The management is great, the environment is great, but if you want to have any kind of a work/life balance, this is not the place to do it. No consideration for people that have family values and care about work life balance. Find helpful customer reviews and review ratings for Rocket Mortgage at Amazon.com. Ask a question about working or interviewing at Quicken Loans. Quicken Loans provides world class training. If you work an 8 hour day it’s considered a short day. The lender has an A+ rating … Before working at Quicken I was very happy and motivated, but had to be prescribed anti-depressants and was losing myself. You're what you make yourself. Quicken Loans has great reviews because… Quicken Loans has great reviews because if you know that they suck and don't close your loan, they don't let you leave a review. There is a reason no one seems to work here longer than 2 years. I would never have it any other way. How are the working hours at Quicken Loans? You work all the time - but it is well compensated for. However, if you are in the banking role be prepared for immensely long hours and 6 days a week. Please reach out to us at Lisa@quickenloans.com. Here For You During COVID-19 The sky is the limit with this company. Absolutely no work-life balance. Mortgage Loan Officer (Former Employee) - Detroit, MI - November 21, 2017. How to apply for a mortgage with Quicken Loans. 96 Quicken Loans reviews. Quicken Loans has helped over 2 million families finance their homes. Quicken Loans Loan Officer reviews: Quicken loans being investigated now!!!! Quicken Loans has a program called Rocket Mortgage, which is the main platform they use for online mortgage applications. ), 7 of the Best Situational Interview Questions. When it came time to finally start working on loans, we had transitioned to remote work at home due to Covid so I did not get the full training experience and felt like I did not get enough support. Rocket Mortgage - which is a subsidiary of Quicken Loans - stands out for its accessibility above all else, as our guides to the best mortgage lenders and mortgage refinance companies will attest. 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