It had directions for contacting Quicken to get setup to get a credit report. Is that from experience? I chose Quicken specifically because they specialize in VA loans, and my normal bank has a very bad reputation with VA loans. Eventually they stated … Average Quicken Loans hourly pay … The loan officer and loan processor rarely are on the same page - this is by design. I wouldn't have trouble getting pre-approved elsewhere though, and don't want to make my initial offer less appealing because of Quicken since I otherwise am ideal buyer. BTY they are … Only do Quicken if you want to be bombarded with phone calls. Quicken's going to hit you with a flashy rate that will even out to market rate after fees and points, but as a first time buyer you want to work with someone who will take the time to walk you through the process and explain your options. I used them for my second house. The average Quicken Loans salary ranges from approximately $27,387 per year for Account Specialist to $124,142 per year for Enterprise Architect. Homeowner Get an ad-free experience with special benefits, and directly support Reddit. House If I were a first time home buyer I would want a loan officer, and mortgage company, that could be attentive and address all my questions and concerns. I did my purchase through QL and it was too easy. Learn more about Quicken's loans, rates and fees. They also sold my info to local real estate agents after I specifically told them not to do so. Quicken Loans is probably not the best place for that. Mortgages Mortgages That's because I already have a place to live and there's not thousands of dollars and heartache on the line... New comments cannot be posted and votes cannot be cast, Real estate Quicken isn't going to be anything like that and I always try to keep big-time business on a local level. Lending I received an email later from Tyler. Going local, as suggested, would give you more control over the process. The mortgage process has been known to frustrate homeowners. Quicken Loans ranked in the top-15 on FORTUNE magazine’s annual 100 Best Companies to Work For list in 2019 and has been named among the top-30 companies on the list for 16 … While opinions may differ, Quicken … I would probably not use the internet-based or call-center type servicers on a home purchase; I'd use a local broker/lender that I believe can actually get the deal done on time. Cookies help us deliver our Services. The local guys are trying to sell me on them as a "service" and being there to answer my questions, but...what exactly is there to service once the mortgage is finalized? Inexperience - they generally hire brand new LOs who are still learning the job as they go. Related: Quicken Loans wasted my time and are incompetent. Rocket Mortgage by Quicken Loans received the highest score in the J.D. Shared on August 21, 2017 - Underwriter - Detroit, MI. Thinking about contacting their legal department about that one. So we took things into our own hands. Thanks in advance. Does anyone have a honest opinion of Quicken Loans. That is not to say Quicken Loans does not do well by its customers. To get more accurate and personalized results, … I'm pre-approved with Quicken out of web-based STP convenience I chose them. My credit scores are about 580, my wife's are 800. I would always go with a local community bank or credit union over Quicken. The lender offers conventional mortgages, adjustable-rate mortgages, Federal Housing Administration loans, U.S. Department of Veterans Affairs loans, U.S. Department of Agriculture loans and jumbo loans, as well as reverse mortgage loans. My experience with Quicken Loans have not been good so far. I know tons of people who have had positive experiences with Quicken for refis, but I wouldn't suggest them to a first time buyer. This is without going into the fact that Quicken (on average) looks to have higher rates and on occasions has been known to hide fees within their rates. Quicken Loans is probably not the best place for that. I am trying to look for a way to quickly evaluate the best option for myself. Headquartered in Detroit, Quicken Loans … Quicken Loans offers a wide variety of loan options. Quicken … Would someone share their positive or negative experience with Quicken Loans in regards to refinancing? Quicken Loans LLC provides marketing services to each company featured on this … Quicken Loans is located in downtown Detroit. Unfortunately most quicken loans loan officers struggle with all of these things. Rocket Mortgage by Quicken Loans received the highest score in the J.D. I would look to find some direct lenders or bank in your area just so you can sit down and have a consultation and go over the types of financing available. I told them the truth that their mortgage rate is higher than my other quote from Citibank, which I have in writing in a pre-approval letter. New comments cannot be posted and votes cannot be cast, Real estate I have perfect credit, no debt, a house that appraised for well over the purchase price, with the one exception that I was financing with a VA loan. There are 2 active first responder promo codes for quickenloans.com verified today. Financing Quicken Loans came back with a 3.875% whereas the other two came back at 4.25% and 4.375%. Quicken Loans is one of America's … New loan officers go there to get trained and make some money, and then the good ones move on after a year or two. Quicken Loans has a reputation as a heavy-hitter in the mortgage space. Press question mark to learn the rest of the keyboard shortcuts. So a realtor may advice their seller not to accept an offer from a borrower that submitted it with a quicken preapproval...Even if the offer is higher than others. Quicken Loans has great reviews because… Quicken Loans has great reviews because if you know that they suck and don't close your loan, they don't let you leave a review. From … I do have am online place that I did a refi with 2 years ago that I liked and felt had good pricing structures that you could put in your mix (I assume you're getting multiple quotes). I interviewed at Quicken Loans (Detroit, MI) in Jul 2019. I talked to quicken loans about refinancing our home. I have the same tech, only better, because it comes with a live LO who can help you 24/7 and will come to the closing with you to make sure everything goes smoothly. I found Quicken Loans' interest rate to be higher than the bank I ultimately went with. Get started on your loan right away. Hey, can you expand on why first offer with Quicken pre-approval will be difficult to accept? Houses, Press J to jump to the feed. I used to work in an environment like Quicken's (it's called the Consumer Direct model and some lenders are going to this because they can save a lot of money by attracting inexperienced talent). I was actually pretty pleased with the final product, but the amount of people calling to offer loans overwhelmed me. I was actually pretty pleased with the final product, but the amount of people calling to offer loans … They have their Rocket mortgage technology, but so what? I may be bias, but I love technology and QL's technology is sound and is the future of the mortgage industry IMO. Find out if Quicken is the best lender for you. Ask questions. Power 2010-2020 (tied in 2017) Primary Mortgage Origination and 2014-2020 Primary Mortgage Servicer Satisfaction … Find out more about the Quicken Loans deposit, and how it gives you one of the most streamlined loan processes available! While opinions may differ, Quicken seems to be able to get the job done in a timely fashion if you are a very clean borrower (W2 income, excellent credit, clean assets, etc) with not much interaction during the process. Churn and burn! My credit report was not attached. Quicken, which was founded in 1985, announced in Feb. 2018, that it became the nation's largest residential mortgage lender with a total loan volume of $83.4 billion. I guess I'm having a hard time evaluating the value that the guy who promises he's going to be attentive is going to add for the additional money I'll end up paying. TIA! … By using our Services or clicking I agree, you agree to our use of cookies. Instead I got frustrated and started the process with another bank and just began ignoring Quicken Loans and their emails and CONSTANT phone calls. We are looking to refinance but they have horrible reviews online. This is for a standard 30YR conventional mortgage. I am a first time buyer and am looking to get the most out of my first time buying status. You may still qualify for a loan even if your situation doesn't match our assumptions. I wouldn't put too much weight into online reviews for mortgages. Learn the saving money tips and Get the Quicken Loans … I don't think outfits like Quicken Loans would be very effective at that. You should meet them locally and interview them, talk about your situation and see what advice they give you. Only do Quicken if you want to be bombarded with phone calls. Lending Quicken Loans is the largest mortgage lender in the U.S. based on loan volume and is licensed in all 50 states. It's going to be tough getting an offer accepted with a quicken pre-approval letter. Obviously Quicken has the advantage on pricing given they deal in bulk. Research local credit unions lenders. That's not to say they're good or bad, I just found them (a couple tenths of a percentage) … Get up to 15% OFF Quicken Loans first responder discount code at hotdeals.com . But I WOULD use those folks on a refinance, because a lot of the customer service and time pressures are off. Our amazing mortgage process is enhanced by the Quicken Loans deposit. Interview. The company's affiliated, vast property holdings include an extensive street surveillance network all accessible from a main … I went out and found a local mortgage broker, researched the company to make sure they were actually legit and hounded them with questions prior to even applying. I used them for my second house. 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