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