Quicken Loans Reviews

Updated July 3, 2015
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3.6
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Recommend to a friend
Approve of CEO
Quicken Loans CEO Bill Emerson
Bill Emerson
347 Ratings

Pros
  • Nice work environment and good co-workers (in 29 reviews)

  • Great culture, friendly team members fun looking office atmosphere (in 24 reviews)

Cons
  • No work-life balance due to hours noted above (in 55 reviews)

  • No work life balance, expect 65 hours minimal (in 32 reviews)

More Pros and Cons

500 Employee Reviews

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  1. Featured Review

    Helpful (9)

    Excellent place for a great career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Various Marketing Positions in Detroit, MI
    Former Employee - Various Marketing Positions in Detroit, MI

    I worked at Quicken Loans full-time (More than 8 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I worked at Quicken Loans for more than nine years and it was a tremendous experience. It is a great place for a person with creativity and passion. I was able to pursue my ideas and see them grow into marketing channels. This is encouraged by leadership and I can honestly say that anyone with a great idea and passion to see it through will do well at Quicken Loans. I never experienced the complaints of a work life balance that others have mentioned here. In the nine years I worked there, all on the Marketing team, that was never the case for me. My experience was, with very few exceptions, one of people who cared deeply about me and my fellow teammates at QL. In my second year of employment, I was severely injured in a freak accident and was literally couch-ridden for two months as I recovered. My leader went out of his way to make sure I didn't lose pay and allowed me to work from home until I could return to the office. Interestingly enough, it was during this time working from home when I was able to focus on and launch our Yahoo! Answers program, which became the seed of the current Social Media team (today the best social media team in financial services in the U.S.). Over the years I was able to build a team, watch several people I hired grow and build careers, and help launch several other marketing channels including my two favorites - blogging and podcasting. Although I left for a career opportunity in a completely different business, I highly recommend Quicken Loans for anyone that wants to learn a tremendous amount and work with great people. Additionally, as a person who grew up in Detroit, I have to say that the work that Quicken Loans (and Family of Companies) has done to rebuild downtown Detroit is incredible. Finally, I have absolutely no doubt that Quicken Loans will one day be the largest mortgage company in America. That is guaranteed. They have the goods and it will take them to the top.

    Cons

    This isn't really a con, just some friendly advice. If you aren't passionate and energetic, you probably will not enjoy the environment at Quicken Loans.


  2. Helpful (2)

    Be prepared

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Banker in Detroit, MI
    Former Employee - Mortgage Banker in Detroit, MI

    I worked at Quicken Loans

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    If you work hard you can earn $$$
    The people you work with are amazing

    Cons

    Be prepared to work longer than normal hours even if you produce
    Work/Life balance isn't the best


  3. Great Sales Training

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Mortgage Banker in Phoenix, AZ
    Former Employee - Senior Mortgage Banker in Phoenix, AZ

    I worked at Quicken Loans full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great sales training/ leadership training
    Great culture
    Great leadership (for the most part)
    Fun work environment

    Cons

    Long hours
    Lot of stress
    Only as good as your last month

    Advice to Management

    Remember your employees are human beings, and stay high level.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (4)

    Work hard and you will do fine/make a lot of $$

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Banker
    Former Employee - Mortgage Banker

    I worked at Quicken Loans

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    You make great money here if you work hard. 100K+ is feasible within your first year. Also you will really like the people you work with.

    Cons

    Mental Stress and constant micromanagement combined with the minimum 60 hour weeks makes you think twice about the pay. There isnt enough work-life balance.


  6. Senior Tax

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Quicken Loans full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Fun, lucrative, engaging, loose, gimicky

    Cons

    Scam artists, dishonest, sweatshop,

    Advice to Management

    Reward employees


  7. Excellent Opportunities and Job Satisfaction in Technology

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Desktop Support Specialist in Cleveland, OH
    Current Employee - Desktop Support Specialist in Cleveland, OH

    I have been working at Quicken Loans full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I am kind of a hybrid computer technician in Cleveland responsible for keeping the site up and running with its Technology. It is great. No micromanagement, flexible schedule, lots of time for study and projects as long as I keep the site running. I do some networking, working with servers, vendor software, logistics, and projects for 3 companies in Cleveland and remote support for a location in Pittsburgh. I make a comfortable living for a single man in his 20s and there is still a lot of room to move within the company. Been with them 1.5 years.

    Cons

    I'm really thinking hard on this one. Can be hard to get your foot in the door, lengthy application process, however it makes sense for security.

    Advice to Management

    Perhaps do a cost/spending analysis to save some money on equipment.


  8. Nice place to be ;)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in Detroit, MI
    Current Employee - Intern in Detroit, MI

    I have been working at Quicken Loans full-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    very friendly work place.

    Cons

    lots of hours for full time


  9. Helpful (1)

    Obsessed with finding a better way

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Underwriter in Charlotte, NC
    Current Employee - Mortgage Underwriter in Charlotte, NC

    I have been working at Quicken Loans full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The CEO, President, Vice President and ALL of upper management are the best group of people put together to run a company and are SO down to earth it's amazing! An ethical and caring company that has you wanting to come to work each day. The culture is un-matched. This is not your cookie cutter, robotic, run of the mill mortgage company. The health plan is top notch and 401k matching.

    Cons

    My opinion none, but I do hear some talk about work-life balance. We are required to work some weekends but Quicken Loans is a client service driven company. The service is what puts us at the top and keeps us there. Without the weekends, client service drops as applications and closings back up and clients wait to close their loans. So, working a weekend makes a big difference to clients...and who doesn't want to be part of making a difference. Every client. Every time. No exceptions. No excuses.


  10. Helpful (1)

    blah

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Quicken Loans

    Pros

    flexible schedule and a fun place to work

    Cons

    not the best place for advancement


  11. Helpful (1)

    SQA Engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - SQA Engineer in Detroit, MI
    Current Employee - SQA Engineer in Detroit, MI

    I have been working at Quicken Loans full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great culture and benefits, nice people and lot of daily perks (popcorn, TV, slushies). Always use the most up to date technology. Lots of team building activities.

    Cons

    work hours can be hectic, salary could be better

    Advice to Management

    Improve documentation of all apps



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