Quicken Loans Reviews in Detroit, MI Area

Pros

Unparalleled company culture.
All team members are genuinely dedicated to protecting this culture.
Work environment is unmatched.
Work hard, but play harder.
An almost unhealthy focus/worry on the doing the right thing for the client.
The organization is extremely flat. When is the last time you emailed the Chairman, CEO, or President of your company? Did you get a response?

Cons

You have to believe in the benefits to see the benefits of the company. If you do not drink the kool aid you will never make it.
The hours can be long in a production position, but compensation for this is worth it.

Advice to Senior Management

Keep going with the direction that you are going. This ship is a strong at the core and the team will keep it moving. You can focus on steering it.

Pros

-Compensation and benefits are terrific, especially for a depressed state such as Michigan
-Training and facilities are comparable to Google

Cons

-Smoke and mirrors when it comes to compensation, work/life balance, and expectations
-Team leaders are incompetent and only value the numbers game
-Morale couldn't be worse once you take a moment to realize that no one is happy with themselves

Advice to Senior Management

-Treat employees with respect and figure out that motivation is seldom a result of monetary compensation, take the time to relate to employees and be a human being

Pros

great culture, good parking (own parking structure)

Cons

-long hours, everyone expected to follow them
-mislead future employees on 'great pay'. they make 8/hr during training. and they work like 50+ hours/week

Pros

Great benefits
Strong training program
Upbeat environment

Cons

No work/life balance
12hour day required min
Low base pay

Advice to Senior Management

Employees need some family time too!

Pros

Good pay and benefits you can make a good living here acess to great technology and nice comapy get togethers

Cons

You have no life outside of the job no respect for it's employes your only as good as your numbers and the company is greed driven always asking more

Advice to Senior Management

Care more about your employees with out us youre nothing and work on helping make this a less stressful environment

Pros

leaders trust you, lots of vacation time, good benefits, great people to work with, ideas are welcomed, lots of opportunity, very flexible, respectful.

Cons

Not a lot of cons - it's hard work and it's not for everyone. But if you work hard, the company rewards you.

Advice to Senior Management

Salaries should probably be re-evaluated based on market conditions for non-banking roles. If they want to keep good people, QL needs to be competitive.

Pros

The people here are like a family. There's a fantastic culture that allows for creativity and innovation. There's opportunity to learn new skillsets and contribute with your talents. There are very few bottlenecks or silo's. The benefits package is amazing.

Cons

They are lagging in pay. Some teams have poor promotions processes and weak leadership.

Advice to Senior Management

Hold middle management accountable for mentoring and developing talent; survey your team members to figure out what's important for them (a holiday bonus may be preferable to some over a giant Holiday party).

Pros

Great atmosphere. Loved all the things happening in downtown Detroit. I was Impressed with open environment and accessibility to senior leadership. Allows employees to innovate and rewards it.

Cons

I think that salary is relatively low compared to other employers. Found that many people were extremely busy and maybe overworked.

Pros

The company culture is insane and if you can buy into it, its pretty incredible all around. The pay is pretty amazing overall, and I love the people I work with. I routinely enjoy waking up and getting to challenge myself to succeed.

Ignore the negative comments about the base salary or the hours. These are from people that expected to show and get free money for some reason. You WILL work a lot of hours (50-55). You can work more hours if you want more money. Just like the rest of the life, the people that want more will work harder and earn more. Plus, do you really expect a high base salary for a sales job? Really? The people that do well here forget they even have a base salary.

Cons

You WILL work a lot of hours. If you aren't ok with that, then you might have a bad time.

Also, if you can't get over yourself and take criticism then you might also have a bad time. This is a competitive place to work and leaders will tell you bluntly how to improve and what not to do. They won't take you into a private office and tapdance around the situation. Some people really don't like this type of feedback.

Pros

The training is outstanding. They really do teach you valuable information about the mortgage industry, how to sell, test taking techniques, all the while being paid to take your licenses. That must cost the company a pretty penny. This is stuff you can use for the rest of your life and i still use today. Benefit package is good, but you don't have time to use them. Work culture is fun , if you're willing drink the Kool-Aid. It's also cool being around people your age and all having a common goal.

Cons

Once you "graduate" from their quicken university (which is basically like 2 months of school) things get pretty crazy. 60+ hours a week with a manager cracking the whip on being closing loans, phone calls are listen too, and a very high turnover. You're literally making 600 calls a day, everyday. It's a "churn and burn" scheme there and only 1/3rd of bankers make it after their first year. My advice to anyone is to use quicken for their licenses and go someplace else. There's a reason why no one over the age of 40 is working there. Just look around the place. All recent college grads who they know will work their asses off. They burn their employees out with the amount of pressure and hours that go into each loan. The 24,000 salary is laughable and the OT that's given to you is NOT time and a half. Don't get me wrong, you CAN make money here but you had better get used to not seeing your family, gf, or have any social life for a long long time.

Advice to Senior Management

The on the floor management for Blueprint needs to have someone experienced and have better social and communication skills and just be more competent.