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Comments (29)

Elizabeth in Clawson, Michigan

85 months ago

DON'T DO IT. I have had a couple friends work for this place and they were miserable. Long/late work days during the week, and they make you come in on saturday and sunday! you have to close 10 loans a month in order to get your comission, if you only get nine.. nothing.. Starting salary is 24,000... for all the work that you are doing its nothing!

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Stephanie in Livonia, Michigan

85 months ago

I agree with Elizabeth above. Just understand that you're a telemarketer and you work incredibly long hours. That's what you are, no matter how much they dress it up. I got lectures for trying to leave at 6pm ("normal" leaving time) and for trying to go out to lunch. The directors observe everything you do and you constantly receive negative feedback. You pretty much just call people and read a script all day...then call those same people again...and then a third time.

There is serious earning potential, and the company has a fun atmosphere. But it's not something I'd suggest to anyone.

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Julia in Farmington, Michigan

80 months ago

Stephanie in Livonia, Michigan said: I agree with Elizabeth above. Just understand that you're a telemarketer and you work incredibly long hours. That's what you are, no matter how much they dress it up. I got lectures for trying to leave at 6pm ("normal" leaving time) and for trying to go out to lunch. The directors observe everything you do and you constantly receive negative feedback. You pretty much just call people and read a script all day...then call those same people again...and then a third time.

There is serious earning potential, and the company has a fun atmosphere. But it's not something I'd suggest to anyone.

I was thinking of joining this company and now I am really conserned. I knew about long hours and that was the only thing that stoped me from going forward. I am laid off and really need a job.

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tb5717 in Phoenix, Arizona

39 months ago

Becca Harris in Southfield, Michigan said: I interviewed for the mortgage banker position at Quicken Loans a couple of months ago. I was told the salary is $20,800! I have a BA in finance & three years experience as a loan officer. I could wait tables and make more than that. They also seemed reticent to discuss the commission structure. I asked them and they answered my question with a question. So I gave my guess based on my online research and the interviewer just smiled (odd). So I'm not sure about the commissions here.

I'm fairly certain the hours are better now. Pre-lawsuit, 70+ hr work weeks were common from what I hear. They're now saying 55+. So I'm guessing the base pay is lower than previous Mortgage Bankers state because Quicken is getting fewer hours from their LOs. After all, it's all about production. Plus they basically take anyone who can sell aggressively and get through the MLO licensing process. (Which isn't a bad thing mind you.)

I declined the offer for a much better salary & hours at Wells Fargo. But I get the feeling Quicken would be great place to cut your teeth if you have no degree, license, or experience in the mortgage game and want in. Just realize that you deserve a much better salary once you're a good LO.

Hi, how has the envirnoment at Wells been? I recently relocated to Phoenix and I am looking for a Loan Officer position. I applied at Quicken but I am also interested in Wells Fargo, Chase etc. Were you placed in a branch or a larger Mortgage location.

Thanks for your help.

Tom

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Mike in Jackson, Michigan

34 months ago

I worked at Quicken for roughly 6 months from 2010-11 and do not regret it at all. I had no real sales experience prior and they took a chance on me. Your first 10 weeks are in a school basically learning the mortgage game and testing. Last few weeks are devoted to sales skills and learning how Quicken does it. I'm 30 years old and have worked various jobs and Quicken hands down bar none has the best training and technology.

There is a double negative though. Saying the demand of you is high doesn't give it justice. As others have stated, 70+ weeks aren't enough, some team leaders are shifty, and the commission structure is somewhat of a guessing game.

When people ask me how my experience was at Quicken, I like to ask if they've seen the movies Boiler Room, Wallstreet, and Glen Gary Glen Ross. I then state take those 3 mix them in a pot and there you have Quicken Loans. I'm not too proud to say I quit because I started suffering anxiety attacks from the pressure. I do have somewhat thin skin but it is also the job itself. I now work for State Farm and not one day have I had the feeling I'm suffocating or I'm going to throw up before I walk thru the front door.

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dina in Ypsilanti, Michigan

33 months ago

do they check ur credit score even for non-mortgage jobs?!
cuz i don't think i will pass the credit score Check?!

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Jenny in Basel, Switzerland

31 months ago

dina in Ypsilanti, Michigan said: do they check ur credit score even for non-mortgage jobs?!
cuz i don't think i will pass the credit score Check?!

Dina-Did you ever find out the answer to this question? I am in the same situation right now- I know I have awful credit and I'm nervous this might be a reason for me not to get the job that would help me get out of this situation! Thanks for the reply!

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DavidAlessandrini

26 months ago

Mike in Jackson, Michigan said: I worked at Quicken for roughly 6 months from 2010-11 and do not regret it at all. I had no real sales experience prior and they took a chance on me. Your first 10 weeks are in a school basically learning the mortgage game and testing. Last few weeks are devoted to sales skills and learning how Quicken does it. I'm 30 years old and have worked various jobs and Quicken hands down bar none has the best training and technology.

There is a double negative though. Saying the demand of you is high doesn't give it justice. As others have stated, 70+ weeks aren't enough, some team leaders are shifty, and the commission structure is somewhat of a guessing game.

When people ask me how my experience was at Quicken, I like to ask if they've seen the movies Boiler Room, Wallstreet, and Glen Gary Glen Ross. I then state take those 3 mix them in a pot and there you have Quicken Loans. I'm not too proud to say I quit because I started suffering anxiety attacks from the pressure. I do have somewhat thin skin but it is also the job itself. I now work for State Farm and not one day have I had the feeling I'm suffocating or I'm going to throw up before I walk thru the front door.

That last paragraph has, for some reason, made me really excited to start there. The best part of me comes out under pressure!

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Mortgage Banker in Detroit, Michigan

24 months ago

I currently work as a Mortgage Banker in Detroit.

I started in January. The base salary is just north of 20k

My first month of banking after training I made $7,000+ in commission.

My second month I made $6,000+

My third month I made $13,000+

The hours are long, but they get better. It is a bit of luck when it comes down to getting on a good team, in a good region, with a good director.

I am happy with the job, and the money is good.

I have a B.S. in Statistics and Political Science. I have served time in the United States Military as well.

If anybody has questions that they'd like answered by a current employee, I am here.

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jps2@wwlmail.com in Slidell, Louisiana

22 months ago

Mortgage Banker in Detroit, Michigan said: I currently work as a Mortgage Banker in Detroit.

I started in January. The base salary is just north of 20k

My first month of banking after training I made $7,000+ in commission.

My second month I made $6,000+

My third month I made $13,000+

The hours are long, but they get better. It is a bit of luck when it comes down to getting on a good team, in a good region, with a good director .

I am happy with the job, and the money is good.

I have a B.S. in Statistics and Political Science. I have served time in the United States Military as well.

If anybody has questions that they'd like answered by a current employee, I am here.

Hi, I just have a question about the mock sales calls I hear they make you do during interviews. Did you feel you did really well on yours and what was it like.

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3180 in Detroit, Michigan

22 months ago

dina in Ypsilanti, Michigan said: do they check ur credit score even for non-mortgage jobs?!
cuz i don't think i will pass the credit score Check?!

Hi Dina, yes they will perform a credit check prior to granting an interview. If there are any discrepancies on your credit such as delinquencies, etc. A credit consultant will call and notify you as well as ask you questions regarding the delinquent accounts.

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Eric Walker in Grand Rapids, Michigan

20 months ago

Mortgage Banker in Detroit, Michigan said: I currently work as a Mortgage Banker in Detroit.

I started in January. The base salary is just north of 20k

My first month of banking after training I made $7,000+ in commission.

My second month I made $6,000+

My third month I made $13,000+

The hours are long, but they get better. It is a bit of luck when it comes down to getting on a good team, in a good region, with a good director .

I am happy with the job, and the money is good.

I have a B.S. in Statistics and Political Science. I have served time in the United States Military as well.

If anybody has questions that they'd like answered by a current employee, I am here.

Hello, I am going to actually be coming in for an interview this week in the Detroit Office for a mortgage banker position. what are the pros and cons of being a worker at Quicken Loans as a Mortgage Banker?

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Future Mortgage Banker in Detroit, Michigan

19 months ago

I am considering a Mortgage Banker position with Quicken and I am very excited about it and I feel that I could be extremely successful. I am actually relieved to finally read a semi positive post. The other posts are really negative. Is the overtime really mandatory and could cost you your job? Are you allowed to manage your own OT (i.e. come in early instead of staying late?). I am very excited about the training because I have read it is one of the best training programs in Michigan. I believe if you use the tools provided and have confidence and drive anything is possible. I do have small children however and staying til 7 each night is not an option as I could need to get them from school. I don't mind coming in early at all and I don't mind working a Saturday out of the month.

Frank Rizzo in Fenton, Michigan said: Well, I worked for Quicken for a year and there seems to be a lot of confusion about the company. The only reason I left was for a salary-paying job that I just couldn’t turn down. First of all you do not have to make 10 sales to get commissions. That is totally wrong. You can sell one and get your commissions. There seems that there was some people working for the company that were going about things the wrong way, such as cocaine. It was very unfortunate that those people were bringing down the name of the company. I happened to be on an extremely professional team that would throw you out of you brought that in. Almost all of us had kids and were working to support our families. I had an hour and a half every day for lunch and anytime I needed to go early or come in late, it was fine. I have absolutely no regrets for working there, it was actually an enjoyable job.

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Future Mortgage Banker in Detroit, Michigan

19 months ago

Eric Walker in Grand Rapids, Michigan said: Hello, I am going to actually be coming in for an interview this week in the Detroit Office for a mortgage banker position. what are the pros and cons of being a worker at Quicken Loans as a Mortgage Banker?

I would love to email someone currently employed as Mortgage Banker at Quicken in Detroit. I am going through the interview process and would really appreciate some incite on the position. I am literally hearing 97% negative and 3% positive however for some reason I am feeling that this is the way to go for me. I love what the company is about, I've heard the training is phenomenal, and the earning potential is high and pretty much within your control. If you don't mind providing an email I would really appreciate it. Thanks!

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Karen in Scottsdale, Arizona

18 months ago

I just interviewed for a mortgage banker position in Scottsdale. I laughed at the base salary. I have 15 years banking experience including over 5 as a loan officer. They want to pay me a base of $20k for 60 hours a week and every other Saturday? I had a base of 60k at my old job. Joke!! Also a terrible place to work this many hours unless you are single with no kids. I would never see my children if I took this job.

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hi in Eastpointe, Michigan

17 months ago

Mortgage Banker in Detroit, Michigan said: I currently work as a Mortgage Banker in Detroit.

I started in January. The base salary is just north of 20k

My first month of banking after training I made $7,000+ in commission.

My second month I made $6,000+

My third month I made $13,000+

The hours are long, but they get better. It is a bit of luck when it comes down to getting on a good team, in a good region, with a good director .

I am happy with the job, and the money is good.

I have a B.S. in Statistics and Political Science. I have served time in the United States Military as well.

If anybody has questions that they'd like answered by a current employee, I am here.

I would love to hear if you still enjoy working there. I just had my first interview yesterday. I really want to make sure that it's worth the sacrifice of only making $9 an hour during training.

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hi in Eastpointe, Michigan

17 months ago

Future Mortgage Banker in Detroit, Michigan said: I would love to email someone currently employed as Mortgage Banker at Quicken in Detroit. I am going through the interview process and would really appreciate some incite on the position. I am literally hearing 97% negative and 3% positive however for some reason I am feeling that this is the way to go for me. I love what the company is about, I've heard the training is phenomenal, and the earning potential is high and pretty much within your control. If you don't mind providing an email I would really appreciate it. Thanks!

Wondering if you took the job? I am in the process right now. I currently make good money at a horrible company and was very much excited by the atmosphere at Quicken.

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james0012 in Mobile, Alabama

17 months ago

Im interested in the mortgage banking position at this company in Cleveland. Im 19 and very self motivated. Any other bankers currently in this position who like what they do everyday? What's the culture like in the office also? Im also fully aware of the time commitment factor for this job. I have no problem work 10-12 hours a day. Thanks.

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Lisa in White Lake, Michigan

16 months ago

The company is a joke. Quicken uses Aerotek to hire temps to do the same job for 60hrs a week as their employees. Once you get near your hire in date Quicken let's you go. Don't look for any opportunity in Detroit with Quicken. You'll miss out on life for popcorn and coffee working for them. Oh most of the "hired in" employees are family members that can call off when they want.

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Mindy in Detroit, Michigan

15 months ago

Lisa, what position did you work for Quicken Loans???? Was this an hourly position? Did you work downtown Detroit?

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Mindy in Detroit, Michigan

15 months ago

Does anyone know about the Rock Connection telemarketer position (division of Quicken Loans)?

Is everyone 20-25 (age) or what is the mix?????

How do the commissions work and how long does it take to make some real money?

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Client Care Specialist in Clinton Township, Michigan

12 months ago

I've been with Quicken for just over a year, and I was just recently "hired in" and have nothing but great things to say about the company. Most of the people that don't make it only have their attitude or work ethic to blame.

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b in Monroe, Michigan

11 months ago

i'm dying to work for this company and i just wanted to hear some advice from some current or former mortgage bankers that have gone through the same process as me at quicken loans. had my first in-person interview today and felt i did pretty well. how long before they follow up with a phone call? what are my chances of being hired? especially without any previous mortgage experience? any thoughts or comments are appreciated!

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faatima in Detroit, Michigan

10 months ago

b in Monroe, Michigan said: i'm dying to work for this company and i just wanted to hear some advice from some current or former mortgage bankers that have gone through the same process as me at quicken loans. had my first in-person interview today and felt i did pretty well. how long before they follow up with a phone call? what are my chances of being hired? especially without any previous mortgage experience? any thoughts or comments are appreciated!

Could you share your experience with the interview process? I just submitted my credit consent.

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Heather in Detroit, Michigan

9 months ago

b in Monroe, Michigan said: i'm dying to work for this company and i just wanted to hear some advice from some current or former mortgage bankers that have gone through the same process as me at quicken loans. had my first in-person interview today and felt i did pretty well. how long before they follow up with a phone call? what are my chances of being hired? especially without any previous mortgage experience? any thoughts or comments are appreciated!

Try to apply for Citi Bank in Ann Arbor. They pay better. Quicken Loans is a joke! Seriously. You have been warned!

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Rocky in Southfield, Michigan

1 month ago

Mortgage Banker in Detroit, Michigan said: I currently work as a Mortgage Banker in Detroit.

I started in January. The base salary is just north of 20k

My first month of banking after training I made $7,000+ in commission.

My second month I made $6,000+

My third month I made $13,000+

The hours are long, but they get better. It is a bit of luck when it comes down to getting on a good team, in a good region, with a good director .

I am happy with the job, and the money is good.

I have a B.S. in Statistics and Political Science. I have served time in the United States Military as well.

If anybody has questions that they'd like answered by a current employee, I am here.

Hi, do you still work at quicken loans? Do you still love it?

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Tiff in Westland, Michigan

1 month ago

I got a call back from quicken loans for a mortgage banker. I'm currently in school and take classes one night a week from 6pm to 10pm. Do you think this is a problem?

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Kevin R in Plymouth, Michigan

12 days ago

Tiff in Westland, Michigan said: I got a call back from quicken loans for a mortgage banker. I'm currently in school and take classes one night a week from 6pm to 10pm. Do you think this is a problem?

You will need to make many sacrifices. You will not have any time to take classes. If you feel that the sacrifices are not reasonable then you should not take a job as a Mortgage Banker at Qucken Loans. You will have plenty of monetary rewards that will justify taking this job and making it your priority. There are so Many advantages and opportunities that you will not have from any other employer. The leadership is very supportive and will do anything to help you become successful, they are compensated based on the individuals that they are responsible for. But it isn't just for the money the leaders want to help and there are many hardworking and genuine good leaders at Quicken Loans. I highly recommend this career option. Good luck

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Private Loan Shop Online in Toronto, Ontario

12 days ago

If you take the job and you like it then great. If you take the job and hate it then you'll learn something from that experience and you'll likely meet a few new people along the way. Either way everything happens for a reason and I'm sure whatever you choose will work out just fine. :)

-Positive Peggy

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