he pulled credit reports on both of us. We would tell everybody stay away from these people since they do not want to help people with small mortgages even though the program accepts them. The worse company I have done business with in many many years. Review #1571745 is a subjective opinion of poster. What about this is wrong? My boss would try to force us to push dirty loans quite frequently, and when you would say no, because you cannot value a home $200k more than what it is worth, he would "Find a way to get them out of here quick." Cult like company culture that only cares about production. We are committed to our team member experience and will continue to improve our work-life balance. The hours are long but the compensation is worth it. Thank you for your review. Quicken Loans has an online application process and provides services in … Asked for paperwork sent it in and everything was great. But if no family holding you back, then banking wins over all other positions hands down. Had to block the number. Received a call from Quicken Loans Rep Joe Galvez. When I decided not to refinance. I have no debt and earn a six figure income. The lender offers conventional mortgages, adjustable-rate mortgages, Federal Housing Administration loans, U.S. Department of Veterans Affairs loans, U.S. Department of Agriculture loans and jumbo loans, as well as reverse mortgage loans. Thank you for taking the time to write this review. Storage shed needing electrical outlet and paint holding up completion...now awaiting completion of my request for cancellation....the frauds are hanging their hat on so called VA guidlines....all military in Colorado Springs will be made aware of this repeated malfeasance. Do you have something to say about Quicken Loans? You'll be pushed hard. However, Quicken Loans mortgage lending is exclusively online and Wells Fargo has over 5,000 brick-and-mortar bank locations at which borrowers can meet with a loan officer … Terms were identical to our first conversation. The lender offers a broad selection of purchase and refinance loan options, … It can be a great position for a recent college grad with no ties but not so great if you have a family you want to see and spend time with. Their appraiser was the absolutely worst. All in all, this is a cult like culture that prays on people who do not know personal finance. I am a first time buyer and this ,,, gentleman really got over his head asking how I was able to pay the loan back asking if I had any kind of savings of 401 k etc definetly I will never call or deal with this company in mi life and I will tell all my friends and all the people that I now that this company is the worst there is. Jumbo loans – The current limits that Quicken Loans offers for these non-conforming loans are between $510,400 and $2,000,000. I know what the houses are worth in my area. BEWARE!!!! Some creditors report to different bureaus. The bosses are not "real bosses" but bankers who did well. Ask a question about working or interviewing at Quicken Loans. 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. We are delighted about your observation of our culture and do our best to provide the best team member experience possible. Review #1259895 is a subjective opinion of poster. Diversity Score tracks how positively diverse employees rate their experience at. •Quicken Loans is the first mortgage company to offer the convenience of signing your application electronically with e-Signature! Our community is ready to answer. Updated Jan 13, 2021. Quicken Loans - Rental property will not qualify, Worst Experience with a Loan Officer at Quicken Loans, Quicken Loans Loan Officer Review from Cottage Grove, Wisconsin. Review #1378815 is a subjective opinion of poster. We are committed to creating a comfortable, transparent and collaborative environment for all of our employees. What is the training like and how long is it? He has called me over and over. Highly recommend. Free lunch, pay is good, respected position, and many perks. Jan 15 2021. After providing him with copy of our 2016 tax return etc. It was a high pressure boiler room style sales floor. So far so good...we are schedule to close next week, 21 days after agreeing to the terms, credit check. Recommend to a Friend. Extremely high turnover rate. Quicken Loans. Horrible work life balance, if you have a family take the time to think it over first. It's been almost 10 years since working there so a lot may have changed. Loan officer was very pushy and condescending. Everyone has been friendly so far and the job seems good. Rocket Mortgage overview. If you have respect for people, get your training from them and go to a different company as the training here it top class and best of all free!!! 90 %. Review #902522 is a subjective opinion of poster. Reviewed in the United States on October 17, 2019. The atmosphere and camaraderie is second to none. awful place to work, terrible like hours. I told the representative my concerns about running my report,yet they still said I had a chance. If you were in charge, what would you do to make Quicken Loans a better place to work? Would you recommend working at your company? Quicken Loans is a nationwide mortgage lender with several mortgage options. For the past two weeks, we have made multiple to attempts to close our loan application with Quicken … And to get a mortgage it's the average of all 3 scores. I would also like to say that it was good, There are very good jobs at QL, but if you are going into banking just be aware of all the changes there are. What I appreciate is management and leadership commits the same amount of hours as team members, so they are leading by example. •And, you have total control—you can check the status of your loan 24 hours a day, 7 days a week on our secure website, and view and print your loan … Just depends on the person. Although a jumbo loan through Quicken requires a minimum 20% down payment, mortgage rates are typically lower than conventional loans. The hours are not 9 to 5 s must be very flexible and have a lot of support from family if you have children. 29 reviews for Quicken Loans, 2.0 stars: 'Who advertises market rate interest, then after you've given them your confidential financial and personal information, finally discloses the truth which is they charge 3-4 points for a loan, thereby making the loan … Get help updating your resume through Indeed. Approve of CEO. I now know their scheme. This feature is currently under development. What tips or advice would you give to someone interviewing at Quicken Loans? Thank You for Your Reply! Bull S@@t! I was successful, but a high school drop out and still was offered a chance! However, if you are in the banking role be prepared for immensely long hours and 6 days a week. Explore leadership during COVID-19, working conditions and WFH support. Lots of competitions and incentives to do well but if you fell behind the pace of sales you were berated and made to feel like you had to stay all night until you got a loan. they will work you to the bone and it is not fun. However, if you are in the banking role be prepared for immensely long hours and 6 days a week. Pissed Consumer © 2021 All 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. Mortgage Loan Officer salaries at Quicken Loans can range from $19,631 - $119,927. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. I would recommend to all the people I know, great perks and wages! Review #834782 is a subjective opinion of poster. Review #1593500 is a subjective opinion of poster. Explore skills and training, pay raises and promotions and management and culture. Quicken Loans rocks. We have recently implemented a reduced hours program for our bankers. Alot of people complain on here about the hours and work/life balances, but in reality if you are qualified for a 30k per year job and are offered 100k+ a year. Every single day to day necessity is provided no questions asked. A $400K loan amount (in my case) needs to be thoroughly reviewed and written for a 30-year commitment. The typical Quicken Loans Mortgage Loan Officer salary is $25,897. MAINLY because a Mortgage Loan process requires an in-person communication with a Mortgage loan officer. Just doesn’t work if you have a family. If you wish that your prior post be removed, submit a notarized letter. Feel I was to see it from the very beginning I was told one thing and ended up being denied after a month. Don't you think it is worth putting those hours in, to be able to provide for the ones you love? Best company I've ever worked for. We are glad your leaders are setting such a good example! Your potential to make great money was certainly there. Within the first 6 months I was there out of the nearly 50 people that I started with there were less than 5 of us left. We're sorry to hear about this poor experience for you. The appraisal was approximately $22,000 under what my house appraised for 2 years ago. He called back within 10 minutes and proceeded to tell me that they could not move forward due to the fact that loan was only $50000 and it would not be cost effective to them. Learn more about Quicken's loans, rates and fees. He made the comment "People don't understand" This pissed me off and I hung up. Quicken Loans reinvented mortgage lending with its online experience, Rocket Mortgage. One hard inquiry should not prevent you from obtaining a mortgage. 1 week before closing she informed us we needed about 30+ forms faxed. If you would like to provide additional details, feel free to send us an email at Emma@quickenloans.com. Review #1072253 is a subjective opinion of poster. The compensation was insane and the work was fun. Known for customer service, the lender has an A+ Better Business Bureau rating and received a … On average, how many hours do you work a day at Quicken Loans? I have been in support roles and currently in a sales role now, the difference is night and day. We started our process in mid March. Great co-workers, Good sales training, Good benefits, High pressure, No work/life balance, Often unrealistic performance goals, Lots of ego on the sales floor. Quicken is an incredible company. If you do not hit your goals there is a chance they will let you go. Daily organic fruit delivered to break room as well as popcorn. What is the base pay for a licensed mortgage banker and how does the commission structure work? We're sorry to hear about this poor experience for you. Quickens will reuin your credit score. Love the people here and the work environment. Quicken Loans has a program called Rocket Mortgage, which is the main platform they use for online mortgage applications. 5 Quicken Loans Mortgage Loan Officer jobs, including salaries, reviews, and other job information posted anonymously by Quicken Loans Mortgage Loan Officer employees. Even my fair market value, which is usually less than what you would sell your home for, was $10,000 more than their appraisal. Your Quicken Loans Home Loan Expert will let you know what you owe. I indicated to him that our current loan was up for renewal on August 1st and could he close before that date. To learn more about the ways to appreciate the reviewer please visit How are the working hours at Quicken Loans? I am a first time home buyer and they said my student loans put me out of ratio!! Requires a lot of commitment on the fron end. 1.0 out of 5 stars Worst customer service in America. What is the most stressful part about working at Quicken Loans? Quicken is an incredible company. Driven by production alone. Power has named Quicken Loans the Highest in Customer Satisfaction for Primary Mortgage Origination 11 … It is the best company I have worked for so far. Both lenders utilize the convenience of online access for borrower applications, document retrieval, and loan payments. Large two monitor computer display. {{Redacted}}. Reviews about Pay & Benefits for Loan Officer in Quicken Loans Good pay just no work life balancr Loan Officer (Current Employee) - Phoenix, AZ - December 8, 2020 It was a good place with good pay … What a waste! but they do offer … Cheers to closing next week two weeks early! Best benefits in the industry even in comparison to big banking institutions. Review #1238605 is a subjective opinion of poster. The platform is pretty awesome - you can enter your … Tough phone sales, micro-management when they say they do not. Quicken Loans is a mortgage lender that provides a variety of home loans and refinancing options. Review #1331349 is a subjective opinion of poster. The 1st things that we told Aaron was the property is a rental so as an experience Loan mortgage lender that had already deal with many clients should knew the % limit of the Quick Loan Company. If you … Recently, we have implemented a reduced hours program for our bankers but we will continue to work towards improving work-life balance for our team members. Stay in support if you have a family avoid banking at all cost. Review #815128 is a subjective opinion of poster. Thank you for taking the time to write this review. Under appraise the homes, they have already collected the appraisal fee, and they know you probably will not proceed. The atmosphere and camaraderie is second to none. ACCOLADES J.D. opportunity to be successful for anyone. In my humble experience, a GOOD mortgage loan officer … Quicken Loans: NMLS#3030. If you are a scumbag you can do very well. 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. To address some of your specific concerns regarding work-life balance. We appreciate your honesty and feedback. Quicken Loans is the largest mortgage lender in the U.S. based on loan volume and is licensed in all 50 states. Trying to get 25k loan to purchase a investment Property. Quicken slowly ramps up the number of hours you’re working until you know longer want to show up to work anymore. This job is very demanding. ★★★★★. A free inside look at company reviews and salaries posted anonymously by employees. I'm glad there is so many bad reviews about Quicken Loans, I will write a letter to Tim Birkmeier, VP of Quickens Loans and request a signed written letter with the condition of what I want and what they want from me, if they don't send it in then I would not bother with them, they asked me for $500.00 for an appraisal, and they said it was refundable, ok fine, put it in writing on a letter by your Company and then I will do it, closing cost, ok but putting in writing Im not given you nothing unless I get a written letter..That way if I need to take legal action I have something in writing, and by the way what is the above Companies doing about this Quicken loans, how about the General State Attorney..? Hi there, thanks for reaching out to us. Flexible hours as well. Do you really believe that a loan officer is stepping outside of his or her boundaries by asking you for proof of your income and assets, so that they can document the source of repayment of a multi-thousand dollar loan that you've asked them for? Very quick, friendly in all cases, efficient, knowledgeable--worked hard to get me the best deal (cash out on a … Review #1057814 is a subjective opinion of poster. he then told us that everything looked good an was approved subject to appraisal. great pay but the number of hours reuired is too long. Review #1051707 is a subjective opinion of poster. And they denied the mortgage and sent me to fresh start!! The entirety of your success at this company is about how well you get along with your boss. Fun and energetic environment! The best way to describe this company is “NOT cheap”. Inform Rep that I was not ready to have my credit pulled, that I wanted to wait until the end of the month. 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