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. 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 Pay was good, consistent bonuses. This just in! Thank you for taking the time to write this review. 104 Quicken Loans reviews. When it comes to comparing mortgage rates and choosing a mortgage lender, Quicken Loans offers most anything borrowers are looking for. 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. Company is upfront that they will make you work a lot of hours but they will pay you generously for it. 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 people around you make the work place more enjoyable and make you look forward to coming in. If you have bad credit will Quicken Loans hire you? You work all the time - but it is well compensated for. Great pay, fun culture, great sales experience (especially if you’re starting in the mortgage industry). The same people with no work experience or degree that get this job and could make 6 figures often leave within 3-6 months. 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. They trained me to get my licenses, but all the information was crammed in 30 days so it was insanely stressful but you adjust. You're what you make yourself. Compare home loan options and apply online with Rocket Mortgage. What is the interview process like at Quicken Loans? long hours, management is not very helpful, you're just another statistic to them. Thank you for your review. Many companies talk about culture, but at Quicken Loans®, that’s... – More. Find helpful customer reviews and review ratings for Rocket Mortgage at Amazon.com. 80 reviews from Quicken Loans employees about working as a Mortgage Loan Originator at Quicken Loans. An amazing company with a great since of culture and great compensation. We are committed to our team member experience and will continue to improve our work-life balance. How to apply for a mortgage with Quicken Loans. Quicken Loans - Loan Officer Review from Havre, Montana. Please reach out to us at Lisa@quickenloans.com. Can be stressful and performance is important. 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. No work life balance. I loved working at QL . Read reviews and complaints about Quicken Loans, including various loan options, tools and calculators, mortgage rates, rate security and more. On average, how many hours do you work a day at Quicken Loans? No matter the tenure or seniority, you're still respected, and you have all the tools to make yourself great. Overwhelming amount of work and information expected in a ridiculously short period of time. A free inside look at company reviews and salaries posted anonymously by employees. Good place to get your feet wet and get licensed. Opportunity to earn a lot of money, Long work days (60-80 hours a week) 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 . Quicken Loans boasts a bevy of mortgage products for purchase or refinance that include conventional and government-backed loans. Great pay, great culture, great benefits. 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. See more Quicken Loans reviews by job title, Career recommendations for Mortgage Loan Originator, Explore information on salaries, job satisfaction, skills and more, Popular locations for Mortgage Loan Originator in US, Learn about Quicken Loans in popular locations, Lots of opportunities to earn a lot of money but you work a ton of hours. I was working 80 hours a week. This will replace the current featured review for targeted profile. Very good place to work great benefits and lots of opportunity. Quicken Loans has a program called Rocket Mortgage, which is the main platform they use for online mortgage applications. The pipeline of taking constant calls all day and not being about to work on your current one was insane. If you decide not to go ahead with your Quicken Loans mortgage, you may get a full refund, minus any costs Quicken Loans has incurred in the process of working on your loan. Great benefits, fair pay, fantastic culture. We take great pride in our training programs and are so glad that is reflected in your experience. 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. Work most weekends. Among them you’ll find: Fixed-rate mortgages – Available in terms of 15 and 30 years, Quicken’s fixed-rate mortgages are the standard in the industry. If that is something that bothers you, it won’t be compromised. I wish they would have done things differently for new hires. you will earn your pay, but you will be rewarded for your hard work and efforts. Quicken Loans Loan Officer reviews: Quicken loans being investigated now!!!! 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? From hover boards too scooters going up and down the hallways too bean bags and yoga balls as desk chairs. How to Answer: What Are Your Strengths and Weaknesses? It's a constant 60+ hours/week, with nonstop micromanaging from superiors. 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. We are so glad that you enjoy working here just as much as we do! Regardless of how you start your application, you’ll eventually need to apply through a loan officer. The compensation model is awful. cult-like mentality where they always need to mention how great it is, despite the high turnover rate from people quitting of exhaustion. Company will pay any and everyone 6 figures a year no problem. I would never have it any other way. I work an average of 70 hours a week, and it's really not worth the effort I'm putting in. It is hard work for sure, but it's ok if you are prepared for it. 2,043 Quicken Loans reviews. What is the training like and how long is it? Quicken is an incredible company. Lots of hours, tough for parents. Your response will be removed from the review – this cannot be undone. Learn how to enable cookies. We genuinely appreciate your honesty as we are committed to our team member experience and will continue to improve our work-life balance. No consideration for people that have family values and care about work life balance. ), 7 of the Best Situational Interview Questions. I loved QL but I wish they helped me out when I ask for it. 1,351 reviews from Quicken Loans employees about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. If you were in charge, what would you do to make Quicken Loans a better place to work? Thank you for your review. In many states, Quicken Loans lets borrowers buy mortgage points, or “discount points” to lower their mortgage’s interest rate which can have a long-term positive impact on keeping money in your wallet. The only thing that holds you back is yourself. While we continue to improve, we are happy to say that we have recently implemented a reduced hours program for our bankers. There is no point you get to where you are doing a good enough job. Are you sure you want to remove this review from being featured for targeted profile? Also pay for same position is higher almost everywhere else. High turn over rate, which is the reason they hire bankers in such large quantities. 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. Fun work environment which helped the days go by faster. Learn more about Quicken's loans, rates and fees. You will work more than 65, but only be compensated for 65(per week). Leadership had open door policies, I always felt like I had a voice. They go above and beyond to make sure every employee has the tools they need to succeed in a very competitive industry. People rely on reviews to make better decisions. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. Key to this is the Rocket Mortgage app that allows 24-hour access to your loan and refinance options, meaning you can manage your account when and wherever you like. Rocket Mortgage by Quicken Loans is a leading online mortgage lender. What tips or advice would you give to someone interviewing at Quicken Loans? It is for sure quantity over quality. But when they keep raising your goals each month you are essentially being paid less for more work. 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. The sky is the limit with this company. For nearly four decades, this company has been making it easy to get a home loan at the best possible rates - and providing excellent servicing after closing as well. A free inside look at company reviews and salaries posted anonymously by employees. Some want the convenience of 24/7 access to their application and a 100% online experience, while others need the reassurance of a face-to-face, personal relationship with a home mortgage expert - or even a combination of the two. Very toxic at times with how much leadership pressures you to work. Lots of information given in a short period of time that you have to memorize. 422 Quicken Loans reviews. I thought I could do it, but ultimately quit. Quicken Loans lets you apply for your mortgage completely online, entirely with a loan officer, or a blend of both. The atmosphere and camaraderie is second to none. FHA cash-out refinance loans. Hence why I am on here writing this, seeking something that will allow me to see my kids more than one day a week. Great Place to Work, Be Ready to Commit. 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. Let's face it: no two homebuyers are the same. The information provided is from their perspective. Quicken Loans has helped over 2 million families finance their homes. 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. They want you push harder each day. Quicken Loans - Loan Officer Review from Littleton, Colorado. The lender has an A+ rating … Copyright © 2008–2021, Glassdoor, Inc. 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Our marketing team at Quicken Loans was just ranked as one of Ad Age’s Best Places to Work for 2021! Before working at Quicken I was very happy and motivated, but had to be prescribed anti-depressants and was losing myself. 96 Quicken Loans reviews. 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. Virtually everyone works 60 hours a week consistently with a boiler room mentality and many work 70+ hours. Especially us single parents. If you like being in a cubicle and on phone on day than this job is good for you. Quicken Loans Loan Officer reviews: QL Sucks. 109 Quicken Loans reviews. None that are worth the amount of work you put in, Work/life balance doesn't exist, unhealthy work environment, pay is little, etc. all the coffee, drinks and snacks you can handle. For a single person coming out of college this is a great start to a career, to be able to work 60-70 hours a week and have a realistic chance at making 100k a year is great. Quicken Loans. 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. A free inside look at company reviews and salaries posted anonymously by employees. Help them out by rating your employer. Waste of my time. Here For You During COVID-19 However, job security is very low there is a high turn over rate here. You will get burned out so quick. The pay is good, but could be better. You really feel important and there are several resources available to assist in your growth. No work experience, no degree yup 6 figures. 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! I would rate the management high for being present and available since they are with you everyday at the office. Now I'm a licensed MLO and I'm not even selling loans. The platform is pretty awesome - you can enter your information quickly and easily, and their tool actually allows you to connect your bank or brokerage to automatically import your account information. No opportunity to move within company if you’re a banker. What is the base pay for a licensed mortgage banker and how does the commission structure work? Will warn everybody before they start working there. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Ask a question about working or interviewing at Quicken Loans. Our community is ready to answer. Plan to give 130% , as you will spend lots of time here. Quicken Loans fun atmosphere was such an amazing place to work at. Response to Pissed Customer who does not agree with Quicken's report. Compensation and benefits are wonderful. Thank you for your review. The greatest aspect of Quicken Loans, perhaps rivaled with it's compensation, is the family like culture of Quicken Loand. Plan on working 6 days a week if you come aboard and usually 12 hour days. Quicken Loans Mortgage Points. Consistent incentives. 94 Quicken Loans reviews. Quicken Loans is rated five out of five in the 2019 J.D. 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. Quicken Loans. 65+ hours a week. Just recently the company gave EVERY. Is Indeed your favorite place to learn about companies? Leaving quicken was one of the hardest decisions I ever had to make. I acquired several skills in salesmanship, organization, and detail orientation in a fast paced work environment. 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. 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. Mortgage Loan Officer (Former Employee) - Detroit, MI - November 21, 2017. Unfortunate. Headquartered in Detroit, Quicken Loans has provided more than two million American families with mortgages. 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. 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. Littleton, Colorado, tools and calculators, mortgage rates, rate and! 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