Quicken Loans Reviews | Glassdoor

Quicken Loans Reviews

Updated July 25, 2017
1,057 reviews

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1,057 Employee Reviews

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Pros
Cons
  • Could have a better work life balance (in 154 reviews)

  • Long hours but that is expected if you're going to make a solid living doing this (in 168 reviews)

More Pros and Cons

  1. "They Own You!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Quicken Loans full-time

    Pros

    Good benefits, team support, culture of the company as a whole

    Cons

    Don't get paid overtime, yet are worked 60-70 hrs a week! Commission is sub-par compared to the industry average. No balance for work/life.


  2. "Stressful"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Quicken Loans full-time

    Pros

    The money is great

    Cons

    Very stressful and requires patience

    Advice to Management

    Let your bankers be free a little. Give us some space.

  3. "Mortgage banker"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Quicken Loans full-time

    Pros

    Good earning potential, great benefits

    Cons

    Work life balance was on existing


  4. "Awesome place to work"

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

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

    Pros

    Great culture and people. Leadership has your back. Love working downtown Detroit. There are tons of opportunities to move around

    Cons

    I don't have any cons. The company is doing great things in Detroit and Cleveland. Some jobs are lowering paying if you aren't a mortgage banker


  5. Helpful (2)

    "Fulfilling work with a great team in a strong culture"

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

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

    Pros

    ⏺️ Positive culture
    ⏺️ Dedication to training, especially leadership
    ⏺️ Reasonable pay, good benefits
    ⏺️ Outstanding extras (they are constantly feeding us)
    ⏺️ Helping out Detroit

    Cons

    ⏺️ Parking is pretty terrible and really makes the commute suck
    ⏺️ Very meeting heavy in conference rooms all around Detroit
    ⏺️ So many people
    ⏺️ Mandatory fun events
    ⏺️ Refusal to fire non-performers

    Advice to Management

    Get rid of at least some of the mandatory fun events and fix the parking situation, please!


  6. "There's a place for everyone at Quicken Loans."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Program Lead in Detroit, MI
    Former Employee - Marketing Program Lead in Detroit, MI
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Quicken Loans (More than a year)

    Pros

    Very free and fun work environment, they allow you to pursue different career paths if your passions change, and it's mostly younger people.

    Cons

    Corporate (even though they say they aren't). Leadership is very weak in most areas, and the wrong people get promoted. Also, very low pay.


  7. "Calling all Interns!"

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

    Pros

    friendly work environment, easygoing, work hard and play hard

    Cons

    There's a lot to learn in a short amount of time, Detroit isn't scary but not great

  8. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at Quicken Loans full-time

    Pros

    Great place to start out. If your looking for a career change this is a great place to start as well.

    Cons

    Not a long term place. It's best to get your experience and then get out. Leadership is never happy with your performance no matter how much you sweat or bleed, they would just want to know why it wasn't better. Contrustive feed is important, however you should be able to smell the roses once in a while. This is not a stable place at all. It's not just the industry either it's the company. Change happens way too much and your input is never asked(it's just here's your option take it or leave). There is a lot of favoritism going on, so unless your in the "in group" your going to be in trouble.

    Advice to Management

    Stability is important, try being a little more consistent. Act on the feedback that is given, don't just seek it out. Train leaders to expert in the areas they lead.


  9. "Client Care Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    You can work all the overtime you want

    Cons

    Modern Day Slave. Expect not to have a life.HIGH Stress


  10. Helpful (4)

    "Mortgage Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Banker in Cleveland, OH
    Former Employee - Mortgage Banker in Cleveland, OH
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Potential to make a lot of money. Good Benefits. Lots of contests to keep you motivated.

    Cons

    Insane hours, mandatory Saturdays, can be required to work whenever off pace including Saturdays, Sundays and very late at night. Things are always changing so there is no consistency.

    Advice to Management

    Be more consistent and don't treat your employees like they work in a sweatshop.


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