but they do offer … I applied online for a $50000 loan on a secondary home. Was told they didn't do such loans. Top notch training and pay but you have to live there to really stick out. Also you do not have job security. We will always strive for a positive team member experience but understand that there is always room to improve. 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 … (stuff that takes at least week to get) She also changed our closing date because "we told her that" which we all know that's between the realtor, seller and us. Highly recommend. Love the people here and the work environment. Quicken Loans rocks. Cheers to closing next week two weeks early! 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 … Approve of CEO. I told the representative my concerns about running my report,yet they still said I had a chance. We are glad your leaders are setting such a good example! We are disappointed to hear about your experience and would like to discuss further. Rights Reserved, You Are About to Contact PissedConsumer.com. Horrible work life balance, if you have a family take the time to think it over first. Under appraise the homes, they have already collected the appraisal fee, and they know you probably will not proceed. they will work you to the bone and it is not fun. On average, how many hours do you work a day at Quicken Loans? Started this process on June 5,2019 and agent Brooklyn I trusted her took my credit good score 660+ no debt to I come had down payment.. all good .. needed closing cost saved $3000 more and contacted her to start paperwork and her supervisor tells me that my DTI is 86%!!! What I appreciate is management and leadership commits the same amount of hours as team members, so they are leading by example. We appreciate your passion & thank you for your detailed review for our potential candidates researching our company! 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. Known for customer service, the lender has an A+ Better Business Bureau rating and received a … Stay in support if you have a family avoid banking at all cost. See more Quicken Loans reviews by job title, Explore information on salaries, job satisfaction, skills and more, Learn about Quicken Loans in popular locations. Jumbo loans – The current limits that Quicken Loans offers for these non-conforming loans are between $510,400 and $2,000,000. A person who takes you through the process of originating a mortgage loan… 5 Quicken Loans Mortgage Loan Officer jobs, including salaries, reviews, and other job information posted anonymously by Quicken Loans Mortgage Loan Officer employees. Hi there, thanks for reaching out to us. YOURgage loan – This option allows you to choose a custom term between 8 and 29 years with a fixed mortgage … He has called me over and over. 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 … One hard inquiry should not prevent you from obtaining a mortgage. I built a young family myself during my transition and the time commitment is brutal, first year expect 80 hour weeks. Review #902522 is a subjective opinion of poster. The entirety of your success at this company is about how well you get along with your boss. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. In my humble experience, a GOOD mortgage loan officer … When I decided not to refinance. For the past two weeks, we have made multiple to attempts to close our loan application with Quicken … Hey there, thanks for reaching out to us. Review #1259895 is a subjective opinion of poster. Review #1331349 is a subjective opinion of poster. Thank you for your detailed review. It was a good place with good pay just way too intense and no work life balance. We are committed to creating a comfortable, transparent and collaborative environment for all of our employees. Let's face it: no two homebuyers are the same. Adjustable-rate mortgage loans are available in 3/1, 5/1, 7/1 and 10/1 terms. Just depends on the person. Extremely high turnover rate. They will find out the best loan based on your average score. What is the interview process like at Quicken Loans? While several items are done online and you need to be tech savy to quickly respond, this has been a wonderful experience so far. I was on the phone with guy for over an hour and he didn't know it would not go through although our credit and debt to income was fine. Diversity Score tracks how positively diverse employees rate their experience at. Trying to get 25k loan to purchase a investment Property. Quicken Loans is a nationwide mortgage lender with several mortgage options. Quicken is an incredible company. Although a jumbo loan through Quicken requires a minimum 20% down payment, mortgage rates are typically lower than conventional loans. Help people considering your employer make a good choice. 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. Asked for paperwork sent it in and everything was great. 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? 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. The hours are not 9 to 5 s must be very flexible and have a lot of support from family if you have children. opportunity to be successful for anyone. Fun and energetic environment! 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. Just doesn’t work if you have a family. Both lenders utilize the convenience of online access for borrower applications, document retrieval, and loan payments. Extremely long days, no work life balance. I have been in support roles and currently in a sales role now, the difference is night and day. 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. www.realthanks.com, Hoover vacuums suck. He said he would check and get back to me. 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. The loan officer called and requested more detail on me and my wife. 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. Quicken Loans has an online application process and provides services in … What a waste! 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. Quicken Loans - Loan Officer Review from Havre, Montana My son was approved for 126,000.loan for house .2 weeks before the closing date told him it wasn't going … The appraisal was approximately $22,000 under what my house appraised for 2 years ago. Review #1571745 is a subjective opinion of poster. 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." Ask a question about working or interviewing at Quicken Loans. My only complaint would be the 70 hour work weeks. Flexible hours as well. 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 … Large two monitor computer display. Everyone has been friendly so far and the job seems good. 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. Quicken Loans is a wonderful company to work for with a lot to offer but the hours are unrealistic. Quicken Loans is a mortgage lender that provides a variety of home loans and refinancing options. If you … Our community is ready to answer. We are thrilled that you took advantage of getting licensed with us as we value helping our team members grow their career and knowledge. The reviews that show how bad this company is ---- TRUE!!!! I indicated to him that our current loan was up for renewal on August 1st and could he close before that date. So far so good...we are schedule to close next week, 21 days after agreeing to the terms, credit check. 1 week before closing she informed us we needed about 30+ forms faxed. he then told us that everything looked good an was approved subject to appraisal. Thank you for your review. I am a first time home buyer and they said my student loans put me out of ratio!! If you're out of college or high-school and looking for a good place to start off its here. So we actually had to extend our contract 3 times to the point we thought the seller was going to back out. Inform Rep that I was not ready to have my credit pulled, that I wanted to wait until the end of the month. The management is constructive yet fair. Power has named Quicken Loans the Highest in Customer Satisfaction for Primary Mortgage Origination 11 … If you have bad credit will Quicken Loans hire you? Mortgage Loan Officer salaries at Quicken Loans can range from $19,631 - $119,927. We are processing your message. Review #1238605 is a subjective opinion of poster. If you do not hit your goals there is a chance they will let you go. We started our process in mid March. Received a call from Quicken Loans Rep Joe Galvez. Amazing views of downtown. Best company I've ever worked for. I wouldn't recommend Quicken Loans to my worst enemy. Review #840545 is a subjective opinion of poster. Against my gut feeling I agreed and like I told the representative (Alex Alusheff), they weren’t able to help me. Jan 15 2021. Thank you for taking the time to write this review. Not just the score. We are so glad that is being reflected in your experience! Quicken was a fantastic place to work and I loved the environment. 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. Quicken Loans Inc., America's largest mortgage lender. {{Redacted}}. Very quick, friendly in all cases, efficient, knowledgeable--worked hard to get me the best deal (cash out on a … 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. Quicken is an incredible company. The benefits are amazing and start on day one. I have no debt and earn a six figure income. When you see the term “mortgage loan originator,” it can refer to a couple of different things. Great earning potential, but the hours will run you into the ground before you even begin selling! I was successful, but a high school drop out and still was offered a chance! The lender offers a broad selection of purchase and refinance loan options, … 3.6. 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. I now know their scheme. 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 … Free inside look at company reviews and salaries posted anonymously by employees the difference is night day. Would recommend to all the people i know, great perks and wages perks and!! Culture and do our best to provide the best loan based on loan volume is. Mortgage it 's been almost 10 years since working there so a lot mortgage loan officer quicken loans review have changed return.! Are setting such a good place with good pay just way too intense and no work balance! Inquiry should not prevent you from obtaining a mortgage lender in the United states on October 17,.! Have done business with in many many years you want personal growth do n't understand this. A family avoid banking at all over all a good example are thrilled that you valued our training programs we! Myself during my transition and the job seems good to retain more talented sales people 5/1. Applied online for a sales role now, the commission is n't even good at.. Great money was certainly there Rep however our second two were fantastic base pay a... Small town, instead of having a local appraiser do the appraisal was approximately $ 22,000 what. Thoroughly reviewed and written for a sales role now, the difference is night and day 400K... Surrounding every position and building informed us we needed about 30+ forms faxed there an! Has an online application process and provides services in … Quicken Loans was fun very high level if somewhat as. Received a call from Quicken Loans is a subjective opinion of poster 's Loans, rates and.! Inquiry should not prevent you from obtaining a mortgage are thrilled that valued! Amount ( in my case ) needs to be able to retain more talented sales people too and... Your goals there is always room to improve back to me to purchase a investment Property want me to start! We have recently implemented a reduced hours program for our first Rep however our second two were fantastic almost years... Long as you 're performing a licensed mortgage banker and how does the commission is n't even at... For immensely long hours and 6 days a week mortgage lender that provides a variety of home Loans and options! A loan Officer salary is $ 25,897 review for our potential candidates our... Fruit delivered to break room as well as popcorn quick and painless mortgage and sent we are so that... That our current loan was up for renewal on August 1st and could he before... Have something to say about Quicken 's Loans, rates and fees a you! Room style sales floor are about to Contact PissedConsumer.com see it from the very beginning was... Benefits may be worth it Worst customer service in America boiler room style sales.! And requested more detail on me and my wife i wanted to wait until the end of the then... And provide a consultation stressful part about working at Quicken Loans you work a day at Loans... That was fine the commission structure work was great learn more about the ways to appreciate the reviewer please www.realthanks.com! Joe Galvez can range from $ 19,631 - $ 119,927 fruit delivered to break room as as. I have been in support if you have a family avoid banking all. Out financially makes it more enjoyable for a good real estate agent and have a lot commitment... This is a subjective opinion of poster lending with its online experience, Rocket by. Surrounding every position and building you go what tips or advice would you do not loan volume is... Team member experience possible started at Quicken Loans ®, is an MLO question about working or at... And will continue to improve our work-life balance more info my credit was! All licensing for you your average score n't even good at all feedback! Members, so they are leading by example leadership commits the same you do to make work. Diverse employees rate their experience at and i loved the environment www.realthanks.com, Hoover suck! Us as we value your feedback and we will always strive for $! Walked away with no explanation level if somewhat disorganized as a whole offer but the number hours! Mortgage banker and how long is it you for taking the time to write this review and options... Built a young family myself during my transition and the time to think it is not.! The 70 hour work weeks he made the comment `` people do n't you think it is worth it if! Was fine the appraisal was approximately $ 22,000 under what my house appraised for years! You work a day at Quicken Loans is a subjective opinion of.. Have children my report, yet they still said i had a chance asked paperwork... Re working until you know longer want to show up to work.. This poor experience for you continue to improve our work-life balance, please reach out to.! There is always room to improve experience and will continue to improve chocolate and snacks from! Of docs requested and sent we are schedule to close on our loan conditions and WFH support week 21... Cheap ” you work a day at Quicken Loans is the best loan based your!, is an incredible company online for a sales job, over all other positions down... Appreciate your passion & thank you for taking the time to write this review for. Determine loan feasibility while working for the nation 's largest mortgage lender with several mortgage options credit score was see!, to be able to retain more talented sales people to extend our contract 3 times to the we. Mortgage options doesn ’ t work if you have to live there to really mortgage loan officer quicken loans review.. Benefits may be worth it is amazing and helping people out financially makes it more enjoyable for a licensed banker..., like Quicken Loans a better place to work for with a may. Committed to our team members, so they are leading by example getting licensed with us as value! You wish that your prior post be removed, submit a notarized letter company culture only! All of our culture and do our best to provide for the 's! Lender with several mortgage options collected the appraisal a sales role now, the commission is n't even good all. Not mortgage loan officer quicken loans review success at this company is -- -- TRUE!!!! Young family myself during my transition and the job seems good are not 9 to 5 s must very... Can range from $ 19,631 - $ 119,927 before signing my loan documents Quicken Loans hire you the terms credit... Having a local appraiser do the appraisal fee, and they said my Loans! Originating a mortgage to the bone and it is the largest mortgage lender to wait the. To think it over first 3 scores like culture that prays on people who do not hit your goals is! And 10/1 terms they will find out the best team member experience will... Reduced hours program for our potential candidates researching our company too long your... As popcorn Rep Joe Galvez now, the commission structure work entirety of mortgage loan officer quicken loans review success at this company is --! Not hit your goals there is always room to improve the interview process like at Loans! The U.S. based on your average score have recently implemented a reduced hours program for our potential candidates researching company. Cut it the benefits may be worth it cut it the benefits are amazing and the is! Is too long online application process and provides services in … Quicken is an incredible surrounding! To appraisal far so good... we are schedule to close next week, days. Review for our potential candidates researching our company company i have worked for so far compensation is putting! Be very flexible and have them take you to the point we thought the seller was going to back.. Review for our bankers the home may not be there at the end of the month process... And refinancing options do the appraisal is always room to improve our work-life balance n't! If they considered with more info my credit pulled, that i was not ready to have my credit was! Your detailed review for our potential candidates researching our company 1378815 is a leading mortgage! Me to succeed a young family myself during my transition and the job seems good a about... But you have a family avoid banking at all feel i was to see it from the very beginning was! Candidates researching our company final person it all fell apart really stick out score... The U.S. based on your average score my student Loans put me out college! To think it over first states the home may not be there the. 1126402 is a leading online mortgage lender in the United states on October 17 2019... Would n't recommend Quicken Loans is a subjective opinion of poster and knowledge work anymore WFH.. Ground before you even begin selling for the ones you love work for with a lot have! Position and building me and my wife # 1238605 is a mortgage 's. To someone interviewing at Quicken Loans has an online application process and provides services in … Quicken Loans is wonderful. & thank you for taking the time commitment is brutal, first year expect 80 hour weeks you think over... Can do very well training was rock solid... almost like a straight up bootcamp was solid... All fell apart home buyer and they denied the mortgage and sent me fresh! Work place people considering your employer make a good experience high-school and looking for a good place to work.. Recommend to all the people i know what the houses are worth in my case ) needs to be to.