Quicken Loans Reviews

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

-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 understanding mangement, flexible non-corporate handling of inside company happenings

Cons

you are expected to work 60+ hours a week and you are not paid time and half for your OT - you are paid half time - $5.00 an hour for anything over 40 hours a week.

Advice to Senior Management

take it easy

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

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

There is a chance to make very good money. However, this WILL NOT occur until you have been there for a few years and are promoted to Executive. Otherwise, the pay is mediocre at best

Cons

Cult following, very long hours, micro managed, 12 hour work days, plus weekends. AND if you want to succeed and are willing to work even longer, you get put on discipline letter if you work too much because then the pay is not even equal to minimum wage. Think about that, if you work over 60 hours a week as a newer banker, the pay is not even equivalent to the federal minimum wage which is why you get in trouble because the company gets in trouble. Sweat shop all the way

Advice to Senior Management

get a clue, power banking is an absolute scam. mngmt keeps thinking of ways to not properly compensate bankers for the work they put in

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.