Quicken Loans - You get out what you put in | Glassdoor
There are newer employer reviews for Quicken Loans
There are newer employer reviews for Quicken Loans

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"You get out what you put in"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Mortgage Banker in Detroit, MI
Current Employee - Mortgage Banker in Detroit, MI
Recommends
Positive Outlook
Approves of CEO

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

Pros

Quicken has limitless potential to make commissions. The only thing that separates you from the top bankers at the company is learning what to say and how to say it. If you are willing to put in the hours to get there you will make a very good living.

Cons

If you expect success to be handed to you, this is not the company for you. Success won't come easy. It will take sacrifice and persistence, but you will reap well beyond what you sow.

Other Employee Reviews for Quicken Loans

  1. "You wont have any life outside of work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Mortgage Banker in Cleveland, OH
    Former Employee - Senior Mortgage Banker in Cleveland, OH
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good benefits, that's about it.

    Cons

    No life, high pressure, micro managing, long hours including weekends, always in fear of loosing your job.

    Advice to Management

    care about your employees, stop being sexist, don't have things set up to where whoever kisses ass the most gets the furthest ahead, don't cut the comp plan across the board continuously


  2. Helpful (3)

    "Work/Life Balance not their"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Banker in Detroit, MI
    Current Employee - Mortgage Banker in Detroit, MI
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Quicken Loans full-time (More than 8 years)

    Pros

    Very good training. At times a fun place to work at.

    Cons

    Expect you to work 11 hrs a day with 1 Saturday a month, but asked about every week if you are working this weekend.

    Commission pay plan constantly changes to reduce pay per unit when the market favors high production.

    Always looking for a way to reduce your commission pay and increases the required numbers to write loans in order to not be demoted and pay you less.

    Highly micro-managed.

    Expect you to write the same amount of loans as the next banker, however they give better leads to their favorite bankers.

    Most of the time, clients on the phone ask were I am because of all the yelling and music playing. When informing management of this,they just say ignore the noise?

    Work/Life Balance there is very little. Yes its sales ,however just nuts on the time they except you to work and try to take a vacation and you will pay hell trying to make sure you write your expected numbers to not be demoted.

    Advice to Management

    If you expect to have all bankers on the same level numbers for loans, then make this an equal playing field. Also run this as a business and not a zoo.

    If you want happier bankers that enjoy coming to work and write more loans, then back off on the number of loans that are required to write each month in order to not be demoted .

    Bankers are not working at QL for the hourly pay!

There are newer employer reviews for Quicken Loans
There are newer employer reviews for Quicken Loans

See Most Recent

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