If you like being in a cubicle and on phone on day than this job is good for you. Quicken is an incredible company. 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. How are the working hours at Quicken Loans? say women are treated fairly and equally to men. all the coffee, drinks and snacks you can handle. This is the employer's chance to tell you why you should work for them. You will work more than 65, but only be compensated for 65(per week). Especially us single parents. 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. What is the interview process like at Quicken Loans? You work all the time - but it is well compensated for. Learn how to enable cookies. It is for sure quantity over quality. Fairygodboss provides free job reviews for women, by women. I would rate the management high for being present and available since they are with you everyday at the office. 80 reviews from Quicken Loans employees about working as a Mortgage Loan Originator at Quicken Loans. Quicken Loans Mortgage Points. long hours, management is not very helpful, you're just another statistic to them. 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. The information provided is from their perspective. 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. We are committed to creating a comfortable, transparent and collaborative environment for all of our employees, so we are overjoyed that is being reflected in your experience. 87%say women are treated fairly and equally to men. Thank you for your review. A free inside look at company reviews and salaries posted anonymously by employees. They made working there fun and never dull. 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. Great benefits, fair pay, fantastic culture. Quicken Loans Loan Officer reviews: QL Sucks. High turn over rate, which is the reason they hire bankers in such large quantities. Good place to get your feet wet and get licensed. A free inside look at company reviews and salaries posted anonymously by employees. 109 Quicken Loans reviews. Work most weekends. However, if you are in the banking role be prepared for immensely long hours and 6 days a week. Quicken Loans. 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? 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. This will replace the current featured review for targeted profile. 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. Check out her interview with PowerToFly. The atmosphere and camaraderie is second to none. You will never work less than 60 hours a week. Thank you for your review. 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. You really feel important and there are several resources available to assist in your growth. The sky is the limit with this company. It's a constant 60+ hours/week, with nonstop micromanaging from superiors. 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. 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. Great Place to Work, Be Ready to Commit. Glassdoor will not work properly unless browser cookie support is enabled. No matter the tenure or seniority, you're still respected, and you have all the tools to make yourself great. They want you push harder each day. I have been working at Quicken Loans full-time for less than a year. Rocket Mortgage by Quicken Loans is a leading online mortgage lender. Ask a question about working or interviewing at Quicken Loans. An amazing company with a great since of culture and great compensation. I thought I could do it, but ultimately quit. ), 7 of the Best Situational Interview Questions. Waste of my time. EMPLOYEE a computer to work from home, keep assisting our clients, and to continue to make a living. Are you sure you want to remove this review from being featured for targeted profile? A free inside look at company reviews and salaries posted anonymously by employees. Absolutely no work-life balance. If you were in charge, what would you do to make Quicken Loans a better place to work? Company is upfront that they will make you work a lot of hours but they will pay you generously for it. Your response will be removed from the review – this cannot be undone. Read employee reviews and ratings on Glassdoor to decide if Quicken Loans is right for you. We genuinely appreciate your honesty as we are committed to our team member experience and will continue to improve our work-life balance. On average you get around $50 a loan you write which can add up. Can be stressful and performance is important. By all means some people are built different that can be married or even have kids and their priorities are to go after every penny in life and block out spending time with them. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. I was working 80 hours a week. You're what you make yourself. Overwhelming amount of work and information expected in a ridiculously short period of time. 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. Quicken Loans was an amazing company to work for. Quicken Loans reinvented mortgage lending with its online experience, 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. Fun work environment which helped the days go by faster. A mortgage point costs 1 percent of the loan’s value and can lower your interest rate by 0.25 percent. Quicken Loans is rated five out of five in the 2019 J.D. Are you sure you want to replace it? Company will pay any and everyone 6 figures a year no problem. Most days are 12 hour shifts with not enough good leads, and then management gets on you for not being able to meet their goals. Quicken Loans boasts a bevy of mortgage products for purchase or refinance that include conventional and government-backed loans. Great pay, fun culture, great sales experience (especially if you’re starting in the mortgage industry). 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. Other than the work/life balance (or lack thereof) the culture, benefits and compensation are great. 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. cult-like mentality where they always need to mention how great it is, despite the high turnover rate from people quitting of exhaustion. No opportunity to move within company if you’re a banker. Bait and Switch Company. Quicken Loans lets you apply for your mortgage completely online, entirely with a loan officer, or a blend of both. Explore work from home during COVID-19, remote work support and work-life balance. 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. They trained me to get my licenses, but all the information was crammed in 30 days so it was insanely stressful but you adjust. Work schedule changed on a daily basis, no regards to work/life balance. Power U.S. Primary Mortgage Origination Satisfaction Study. Great pay, great culture, great benefits. Here For You During COVID-19 Mortgage Loan Officer (Former Employee) - Detroit, MI - November 21, 2017. FHA cash-out refinance loans. 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 . Bad, Very Bad. A free inside look at company reviews and salaries posted anonymously by employees. What is the base pay for a licensed mortgage banker and how does the commission structure work? No work life balance. Unless you are 22 and have an apartment downtown, and even then, you will get burnt out. The compensation model is awful. Regardless of how you start your application, you’ll eventually need to apply through a loan officer. Compensation and benefits are wonderful. We are happy that you enjoyed working here and met such amazing people! Our marketing team at Quicken Loans was just ranked as one of Ad Age’s Best Places to Work for 2021! 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. Read her story, why representation matters and advice for women who are interested in careers like mortgage banking. I met amazing people and learned all about the mortgage industry. You can have an opinion, and not feel scared or have your career threatened. On a normal week I average 65 hours a week. No work experience, no degree yup 6 figures. Quicken Loans has a program called Rocket Mortgage, which is the main platform they use for online mortgage applications. 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. 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. A free inside look at company reviews and salaries posted anonymously by employees. It is hard work for sure, but it's ok if you are prepared for it. Learn about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! I loved working at QL . There is a reason no one seems to work here longer than 2 years. Quicken Loans - Loan Officer Review from Littleton, Colorado. How to Answer: What Are Your Strengths and Weaknesses? Also pay for same position is higher almost everywhere else. Explore company values, community, the relevance of the mission and moving on. Rocket Mortgage overview. 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. Opportunity to earn a lot of money, Long work days (60-80 hours a week) Quicken Loans - Loan Officer Review from Havre, Montana. Thank you for your review. Is Indeed your favorite place to learn about companies? Bankers constantly quit because of the terrible work life balance. 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. Little work to life balance. Quicken Loans Lots of information given in a short period of time that you have to memorize. None that are worth the amount of work you put in, Work/life balance doesn't exist, unhealthy work environment, pay is little, etc. Pay was good, consistent bonuses. Thank you for your review. Find helpful customer reviews and review ratings for Rocket Mortgage at Amazon.com. Most days you are transferred clients who have been called 15+ times that month. If you have bad credit will Quicken Loans hire you? Many companies talk about culture, but at Quicken Loans®, that’s... – More. 104 Quicken Loans reviews. SINGLE. Work life balance in the beginning can be hard to find. I acquired several skills in salesmanship, organization, and detail orientation in a fast paced work environment. I would never have it any other way. You may also be able to get an adjustable-rate refinance loan through Quicken Loans, depending on the type of loan program you select. Great Compensation, Not so great Work Life Balance, Good job if you dont mind an unpredictable work schedule. If that is something that bothers you, it won’t be compromised. Quicken Loans has a reputation as a heavy-hitter in the mortgage space. 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. No consideration for people that have family values and care about work life balance. They go above and beyond to make sure every employee has the tools they need to succeed in a very competitive industry. How to apply for a mortgage with Quicken Loans. The people around you make the work place more enjoyable and make you look forward to coming in. 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 94 Quicken Loans reviews. Headquartered in Detroit, Quicken Loans has provided more than two million American families with mortgages. Will warn everybody before they start working there. Before working at Quicken I was very happy and motivated, but had to be prescribed anti-depressants and was losing myself. What tips or advice would you give to someone interviewing at Quicken Loans? Very high turnover rate would be the understatement of the century. Unfortunate. What is the most stressful part about working at Quicken Loans? I would recommend this job for someone who is young or a college grad with no outside obligations. Amazing benefits, base pay plus commission, great culture, Mandatory 6 days a week schedule, little to no work life balance. Read reviews and complaints about Quicken Loans, including various loan options, tools and calculators, mortgage rates, rate security and more. If you work an 8 hour day it’s considered a short day. We are so glad that you enjoy working here just as much as we do! Quicken Loans provides world class training. 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. We re disappointed to hear about your experience and would like to discuss specifics further as we are always looking for ways to improve. 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. On average, how many hours do you work a day at Quicken Loans? Response to Pissed Customer who does not agree with Quicken's report. What is the training like and how long is it? Leaving quicken was one of the hardest decisions I ever had to make. The same people with no work experience or degree that get this job and could make 6 figures often leave within 3-6 months. I loved QL but I wish they helped me out when I ask for it. 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. From hover boards too scooters going up and down the hallways too bean bags and yoga balls as desk chairs. Let's face it: no two homebuyers are the same. Thank you for your review. Leadership had open door policies, I always felt like I had a voice. Plan to give 130% , as you will spend lots of time here. I truly became an expert. BTY they are the most expensive and inept mortgage lender in the USA Four years into her career at Rocket Mortgage, Bianca’s a Director in Mortgage Banking and leads a team of 17 bankers. 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. We are committed to our team member experience and will continue to improve our work-life balance. You will get burned out so quick. But when they keep raising your goals each month you are essentially being paid less for more work. I wish they would have done things differently for new hires. 8 Questions You Should Absolutely Ask An Interviewer, "Good pay, little to no work life balance". must read!!! Please reach out to us at Lisa@quickenloans.com. Quicken Loans fun atmosphere was such an amazing place to work at. We are committed to our team members and their experience with us here at Quicken Loans so we are glad you enjoy our work environment and we understand that there is always room to improve. Check for reviews and ratings to learn more about Rocket Mortgage (Quicken Loans) on CreditKarma.com before making a decision on a mortgage lender. you will earn your pay, but you will be rewarded for your hard work and efforts. There is no point you get to where you are doing a good enough job. Thank you for taking the time to write this review. However, job security is very low there is a high turn over rate here. Quicken Loans Loan Officer reviews: Quicken loans being investigated now!!!! 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. I loved the people I worked with at Quicken Loans. A free inside look at company reviews and salaries posted anonymously by employees. Thank you for your review. Plan on working 6 days a week if you come aboard and usually 12 hour days. 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. While we continue to improve, we are happy to say that we have recently implemented a reduced hours program for our bankers. Just make sure you have no value for family or care about spending any time with them that is. Help them out by rating your employer. Learn more about Quicken's loans, rates and fees. 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! Copyright © 2008–2021, Glassdoor, Inc. 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