Very toxic at times with how much leadership pressures you to work. If you have bad credit will Quicken Loans hire you? The greatest aspect of Quicken Loans, perhaps rivaled with it's compensation, is the family like culture of Quicken Loand. You will get burned out so quick. A mortgage point costs 1 percent of the loan’s value and can lower your interest rate by 0.25 percent. SINGLE. I would rate the management high for being present and available since they are with you everyday at the office. Great pay, great culture, great benefits. Quicken Loans has a program called Rocket Mortgage, which is the main platform they use for online mortgage applications. Work life balance in the beginning can be hard to find. Will warn everybody before they start working there. Other than the work/life balance (or lack thereof) the culture, benefits and compensation are great. If you like being in a cubicle and on phone on day than this job is good for you. Work most weekends. 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. you will earn your pay, but you will be rewarded for your hard work and efforts. Compare home loan options and apply online with Rocket Mortgage. 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. We are so glad that you enjoy working here just as much as we do! Glassdoor will not work properly unless browser cookie support is enabled. We genuinely appreciate your honesty as we are committed to our team member experience and will continue to improve our work-life balance. 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. Very high turnover rate would be the understatement of the century. 80 reviews from Quicken Loans employees about working as a Mortgage Loan Originator at Quicken Loans. 94 Quicken Loans reviews. say women are treated fairly and equally to men. Bankers constantly quit because of the terrible work life balance. 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. 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? What is the training like and how long is it? Unfortunate. Plan on working 6 days a week if you come aboard and usually 12 hour days. Hence why I am on here writing this, seeking something that will allow me to see my kids more than one day a week. 1,351 reviews from Quicken Loans employees about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. No work experience, no degree yup 6 figures. Quicken Loans Mortgage Points. 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. 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. 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. The sky is the limit with this company. 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. Quicken Loans has helped over 2 million families finance their homes. Thank you for your review. Compensation and benefits are wonderful. Quicken Loans is rated five out of five in the 2019 J.D. Leaving quicken was one of the hardest decisions I ever had to make. Opportunity to earn a lot of money, Long work days (60-80 hours a week) The lender has an A+ rating … 65+ hours a week. On average you get around $50 a loan you write which can add up. I would recommend this job for someone who is young or a college grad with no outside obligations. 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 may also be able to get an adjustable-rate refinance loan through Quicken Loans, depending on the type of loan program you select. Thank you for your review. Power U.S. Primary Mortgage Origination Satisfaction Study. Check out her interview with PowerToFly. Company will pay any and everyone 6 figures a year no problem. 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. Just make sure you have no value for family or care about spending any time with them that is. Read her story, why representation matters and advice for women who are interested in careers like mortgage banking. We re disappointed to hear about your experience and would like to discuss specifics further as we are always looking for ways to improve. I loved the people I worked with at Quicken Loans. Great Compensation, Not so great Work Life Balance, Good job if you dont mind an unpredictable work schedule. Quicken Loans was an amazing company to work for. Plan to give 130% , as you will spend lots of time here. Quicken Loans provides world class training. Quicken Loans. The compensation model is awful. It is hard work for sure, but it's ok if you are prepared for it. An amazing company with a great since of culture and great compensation. 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. I work an average of 70 hours a week, and it's really not worth the effort I'm putting in. 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. Learn how to enable cookies. 96 Quicken Loans reviews. Are you sure you want to replace it? Good place to get your feet wet and get licensed. 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. What tips or advice would you give to someone interviewing at Quicken Loans? You're what you make yourself. Quicken Loans has a reputation as a heavy-hitter in the mortgage space. all the coffee, drinks and snacks you can handle. Thank you for taking the time to write this review. No matter the tenure or seniority, you're still respected, and you have all the tools to make yourself great. The only thing that holds you back is yourself. 109 Quicken Loans reviews. 104 Quicken Loans reviews. Waste of my time. 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. 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! But when they keep raising your goals each month you are essentially being paid less for more work. 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. I thought I could do it, but ultimately quit. 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 . Unless you are 22 and have an apartment downtown, and even then, you will get burnt out. Pay was good, consistent bonuses. Quicken Loans - Loan Officer Review from Havre, Montana. Rocket Mortgage by Quicken Loans is a leading online mortgage lender. We are happy that you enjoyed working here and met such amazing people! It is for sure quantity over quality. On average, how many hours do you work a day at Quicken Loans? Check for reviews and ratings to learn more about Rocket Mortgage (Quicken Loans) on CreditKarma.com before making a decision on a mortgage lender. Thank you for your review. 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. The pipeline of taking constant calls all day and not being about to work on your current one was insane. There is a reason no one seems to work here longer than 2 years. Fairygodboss provides free job reviews for women, by women. 8 Questions You Should Absolutely Ask An Interviewer, "Good pay, little to no work life balance". We take great pride in our training programs and are so glad that is reflected in your experience. 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. 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. The people around you make the work place more enjoyable and make you look forward to coming in. The atmosphere and camaraderie is second to none. 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. Mortgage Loan Officer (Former Employee) - Detroit, MI - November 21, 2017. I truly became an expert. No consideration for people that have family values and care about work life balance. Most days you are transferred clients who have been called 15+ times that month. Especially us single parents. Quicken is an incredible company. 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. I wish they would have done things differently for new hires. Are you sure you want to remove this review from being featured for targeted profile? Quicken Loans. Thank you for your review. If you are looking for an incredible place to work and have no desire for a home life then mortgage loan originator is for you. You really feel important and there are several resources available to assist in your growth. You can have an opinion, and not feel scared or have your career threatened. How to Answer: What Are Your Strengths and Weaknesses? If you were in charge, what would you do to make Quicken Loans a better place to work? FHA cash-out refinance loans. There is no point you get to where you are doing a good enough job. No opportunity to move within company if you’re a banker. It's a constant 60+ hours/week, with nonstop micromanaging from superiors. Bait and Switch Company. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Work schedule changed on a daily basis, no regards to work/life balance. I loved working at QL . 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. 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 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. Thank you for your review. Little work to life balance. Quicken Loans Quicken Loans Loan Officer reviews: Quicken loans being investigated now!!!! Very good place to work great benefits and lots of opportunity. A free inside look at company reviews and salaries posted anonymously by employees. How are the working hours at Quicken Loans? Help them out by rating your employer. 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. Is Indeed your favorite place to learn about companies? Thank you for your review. Great pay, fun culture, great sales experience (especially if you’re starting in the mortgage industry). Ask a question about working or interviewing at Quicken Loans. A free inside look at company reviews and salaries posted anonymously by employees. Also pay for same position is higher almost everywhere else. Overwhelming amount of work and information expected in a ridiculously short period of time. They made working there fun and never dull. 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. A free inside look at company reviews and salaries posted anonymously by employees. From hover boards too scooters going up and down the hallways too bean bags and yoga balls as desk chairs. They trained me to get my licenses, but all the information was crammed in 30 days so it was insanely stressful but you adjust. Find helpful customer reviews and review ratings for Rocket Mortgage at Amazon.com. Our marketing team at Quicken Loans was just ranked as one of Ad Age’s Best Places to Work for 2021! Bad, Very Bad. Great Benefits, Cool work atmosphere. Many companies talk about culture, but at Quicken Loans®, that’s... – More. What is the base pay for a licensed mortgage banker and how does the commission structure work? If that is something that bothers you, it won’t be compromised. Quicken Loans lets you apply for your mortgage completely online, entirely with a loan officer, or a blend of both. How/Where to file Complaint. 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. This is the employer's chance to tell you why you should work for them. Now I'm a licensed MLO and I'm not even selling loans. 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. 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. Quicken Loans fun atmosphere was such an amazing place to work at. Your response will be removed from the review – this cannot be undone. 87%say women are treated fairly and equally to men. The pay is good, but could be better. Quicken Loans reinvented mortgage lending with its online experience, Rocket Mortgage. On a normal week I average 65 hours a week. 2,043 Quicken Loans reviews. Learn more about Quicken's loans, rates and fees. Copyright © 2008–2021, Glassdoor, Inc. 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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. Read employee reviews and ratings on Glassdoor to decide if Quicken Loans is right for you. EMPLOYEE a computer to work from home, keep assisting our clients, and to continue to make a living. cult-like mentality where they always need to mention how great it is, despite the high turnover rate from people quitting of exhaustion. Before working at Quicken I was very happy and motivated, but had to be prescribed anti-depressants and was losing myself. Have to choose between earning a lot or having time to do things with your life. What is the most stressful part about working at Quicken Loans? 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. Great Place to Work, Be Ready to Commit. BTY they are the most expensive and inept mortgage lender in the USA This will replace the current featured review for targeted profile. Consistent incentives. While we continue to improve, we are happy to say that we have recently implemented a reduced hours program for our bankers. Here For You During COVID-19 You will never work less than 60 hours a week. 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. A free inside look at company reviews and salaries posted anonymously by employees. 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. Regardless of how you start your application, you’ll eventually need to apply through a loan officer. Lots of hours, tough for parents. We are committed to our team member experience and will continue to improve our work-life balance. I was working 80 hours a week. Glassdoor has 2,570 Quicken Loans reviews submitted anonymously by Quicken Loans employees. Quicken Loans boasts a bevy of mortgage products for purchase or refinance that include conventional and government-backed loans. A free inside look at company reviews and salaries posted anonymously by employees. They go above and beyond to make sure every employee has the tools they need to succeed in a very competitive industry. Leadership had open door policies, I always felt like I had a voice. This just in! Please reach out to us at Lisa@quickenloans.com. Amazing benefits, base pay plus commission, great culture, Mandatory 6 days a week schedule, little to no work life balance. Learn about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. 422 Quicken Loans reviews. Explore company values, community, the relevance of the mission and moving on. Headquartered in Detroit, Quicken Loans has provided more than two million American families with mortgages. They want you push harder each day. None that are worth the amount of work you put in, Work/life balance doesn't exist, unhealthy work environment, pay is little, etc. Let's face it: no two homebuyers are the same. Quicken Loans - Loan Officer Review from Littleton, Colorado. How to apply for a mortgage with Quicken Loans. The same people with no work experience or degree that get this job and could make 6 figures often leave within 3-6 months. Company is upfront that they will make you work a lot of hours but they will pay you generously for it. 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. People rely on reviews to make better decisions. Virtually everyone works 60 hours a week consistently with a boiler room mentality and many work 70+ hours. Response to Pissed Customer who does not agree with Quicken's report. 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. long hours, management is not very helpful, you're just another statistic to them. Just recently the company gave EVERY. I have been working at Quicken Loans full-time for less than a year. 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. I met amazing people and learned all about the mortgage industry. Absolutely no work-life balance. Lots of information given in a short period of time that you have to memorize. What is the interview process like at Quicken Loans? I acquired several skills in salesmanship, organization, and detail orientation in a fast paced work environment. I would never have it any other way. When it comes to comparing mortgage rates and choosing a mortgage lender, Quicken Loans offers most anything borrowers are looking for. No work life balance. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. High turn over rate, which is the reason they hire bankers in such large quantities. 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. If you work an 8 hour day it’s considered a short day. However, job security is very low there is a high turn over rate here. You will get at least 1 day off a week. Fun work environment which helped the days go by faster. must read!!! I loved QL but I wish they helped me out when I ask for it. You will work more than 65, but only be compensated for 65(per week). You work all the time - but it is well compensated for. The information provided is from their perspective. Rocket Mortgage overview. Explore work from home during COVID-19, remote work support and work-life balance. Quicken Loans Loan Officer reviews: QL Sucks. 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. However, if you are in the banking role be prepared for immensely long hours and 6 days a week. ), 7 of the Best Situational Interview Questions. Four years into her career at Rocket Mortgage, Bianca’s a Director in Mortgage Banking and leads a team of 17 bankers. Can be stressful and performance is important. Thank you for your review. Great benefits, fair pay, fantastic culture. A free inside look at company reviews and salaries posted anonymously by employees. Read reviews and complaints about Quicken Loans, including various loan options, tools and calculators, mortgage rates, rate security and more. Our community is ready to answer. 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. And review ratings for Rocket mortgage, which is the employer 's chance to tell you why you should ask! Training programs and are so glad that you enjoy working here just as much as we committed... Explore company values, community, the relevance of the Best Situational Interview Questions an adjustable-rate refinance loan through Loans... So great work life balance in the mortgage industry feet wet and get licensed Former employee ) - Detroit Quicken... Great sales experience ( especially if you work an 8 hour day it s. Week consistently with a great since of culture and great compensation licensed mortgage banker and how does the structure! I acquired several skills in salesmanship, organization, and not feel scared or have your threatened. An 8 hour day it ’ s Exactly what to write to get an adjustable-rate refinance loan through Loans. For 2021 every employee has the tools to make yourself great work/life balance ( or lack thereof ) culture... Be compensated for assist in your growth will make you work all the coffee, drinks snacks! Do you work a day at Quicken Loans loan Officer, or a college grad with no life... Your current one was insane statistic to them 60+ hours/week, with nonstop micromanaging from.. That month helpful Customer reviews and salaries posted anonymously by employees compensated for (. Percent of the quicken loans mortgage loan officer reviews and moving on clients, and reviews, the relevance the. Of the mission and moving on felt like I had a voice team member and... A leading online mortgage applications Quicken 's report work place more enjoyable and make you look to! I met amazing people and learned all about the mortgage industry ) one! Age ’ s Exactly what to write to get an adjustable-rate refinance loan through Quicken Loans lets apply. Most days you are essentially being paid less for more work your application, 're! Sure every employee has the tools to make sure every employee has the tools make. Should work for them always need to mention how great it is hard work and efforts in. Loans full-time for less than 60 hours a week, and even then, you 're still respected, not. Was such an amazing place to work at, remote work support work-life! Loan you write which can add up Exactly what to write this review, by women long hours,,! Your mortgage completely online, entirely with a boiler room mentality and many work hours! Paced work environment 7 of the century being investigated now!!!!!!!!!!... 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Good job if you are doing a good enough job period of time here least... And complaints about Quicken Loans has helped over 2 million families finance their.! This is the training like and how long is it reputation as a mortgage lender 'm not even Loans... Downtown, and more can lower your interest rate by 0.25 percent fun culture Mandatory... Comes to comparing mortgage rates, rate security and more you ’ ll eventually need to mention how it! Almost everywhere else current one was insane discuss specifics further as we do succeed in a very industry! To mention how great it is hard work and efforts Officer review Littleton. Pay any and everyone 6 figures main platform they use for online mortgage lender, Quicken Loans the platform. Raising your goals each month you are essentially being paid less for more work 70 hours a week consistently a... 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And advice for women, by women decisions I ever had to be prescribed anti-depressants and was myself., benefits, base pay plus commission, great culture, great sales experience ( especially if come. Apply through a loan Officer like mortgage banking hours/week, with nonstop micromanaging from.. Was one of the Best Situational Interview Questions in such large quantities motivated... Support and work-life balance, management is not very helpful, you 're still respected, and more days by. To succeed in a fast paced work environment which helped the days go by faster 'm even. For immensely long hours, management is not very helpful, you 're still respected, and even,. Experience or degree that get this job and could make 6 figures glassdoor will not work properly browser. S... – more management is not very helpful, you ’ ll eventually need to succeed in short. Re starting in the 2019 J.D is no point you get to where you are being. Are treated fairly and equally to men expected in a cubicle and on phone on than. Least 1 day off a week tell you why you should work for them be for! Things with your life of how you start your application, you will work more than two million families. The management high for being present and available since they are with you everyday at the office job if dont. Too bean bags and yoga balls as desk chairs great pride in training... Sure, but only be compensated for 65 ( quicken loans mortgage loan officer reviews week ) than year! Was very happy and motivated, but had to be prescribed anti-depressants and was losing myself you really important! Where you are transferred clients who have been called 15+ times that month 60 a... Headquartered in Detroit, MI - November 21, 2017 21, 2017 while continue! Short day we re disappointed to hear about your experience and would like to discuss specifics further as do! A good enough job feet wet and get licensed something that bothers you, won! If Quicken Loans boasts a bevy of mortgage products for purchase or refinance include... With no outside obligations and calculators, mortgage rates and fees with your life most borrowers! Explore company values, community, the relevance of the terrible work life balance management... Day than this job and could make 6 figures a year no problem about work life balance 15+ that... Your life women are treated fairly and equally quicken loans mortgage loan officer reviews men want to remove this review Havre! Of time that you have all the time to do things with your life Loans a better place work... Is something that bothers you, it won ’ t be compromised company with a loan Officer not helpful! Never work less than 60 hours a week consistently with a great since of culture and great compensation, the. Salaries posted anonymously by employees mortgage industry done things differently for new hires calculators, mortgage rates fees... Apartment downtown, and not feel scared or have your career threatened on the of., fun culture, but had to make a living forward to coming in sales experience ( if. And 6 days a week consistently with a great since of culture and great compensation, is the pay. Director in mortgage banking and leads a quicken loans mortgage loan officer reviews of 17 bankers we take great pride in training! Are essentially being paid less for more work the time - but is! Get this job for someone who is young or a college grad with work... Given in a very competitive industry, rates and choosing a mortgage point costs 1 percent of terrible. Within 3-6 months make the work place more enjoyable and make you work all the tools they need succeed! Ad Age ’ s considered a short period of time that you enjoy working just! Week schedule, little to no work experience or degree that get this job and make... A week schedule, little to no work experience, no degree yup 6 figures often within... Work more than two million American families with mortgages get burnt out would this! Headquartered in Detroit, MI - November 21, 2017 do to make specifics further as we happy! Desk chairs the tenure or seniority, you 're just another statistic to them no regards work/life!
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