After a search on Lending Tree, Quicken Loans reached out to me to refinance my second home in Park City, UT. We are so glad you love the culture with us here at Quicken Loans. View this and more full-time & part-time jobs in Phoenix, AZ on Snagajob. We also appreciate your feedback and will continue to look at ways to improve for our team members. Average salaries for Quicken Loans Underwriter: [salary]. Quicken Loans had a base plus bonus income structure, the more loans you did the higher your bonus. Mortgage underwriting includes a review of the potential borrower’s credit , employment history and financial statements, as well as a judgment of the quality of the property. What is the most stressful part about working at Quicken Loans? As of July 2019, Collateral Underwriters at Quicken Loans earn between $35.65 and $45.50 hourly depending on performance. Not only have I scanned, signed, rescanned and uploaded 30 documents, but … Quicken Loans has a consumer rating of 1.97 stars from 29 reviews indicating that most customers are generally dissatisfied with their purchases. This is a fun place to work and the company support for community and culture is great! The application process is easy! Growing very fast, but very unorganized. Thank you for reaching out. But closing the loan is near impossible! Find Quicken Loans Underwriter jobs on Glassdoor… After all your documents are submitted, your lender will work on underwriting your loan. Base pay is decent. The Associate Underwriter at Quicken Loans Mortgage Services (QLMS) reviews financial documents and mortgage applications to make proper credit decisions on each loan reviewed. No work life balance. 59 Quicken Loans reviews. You will work long hours and do 5 jobs in 1. Check out what 14,246 people have written so far, and share your own experience. Super fun, laid back culture that encourages a work hard, play hard mentality. At times you are required to work overtime but are not compensated for it. Quality people and a family oriented culture make working here rewarding in a personal way, and the structure makes it very easy to become good at what you do while offering opportunities to teach others. Rocket Mortgage is the "online experience" for Quicken Loans. Quicken Loans has 5 stars! Quicken Loans review from Sterling Heights, Michigan rated 1.0/5.0 with 1 Comment: Paid hundreds in fees and inspection costs while we were preapproved. It is just simply that after a period of time, there was nothing more that I could do there and I was expected to just sit idly by and not worry about anything else. Then one day I got fired... for what I thought was an error rate issue. With the hours worked and bonuses senior underwriters can make above 6 figures. Posting id: 601269801. Bonuses are great but changed too much for the worse. The four C's – credit, cash, collateral and capacity to repay are critical components of this first stage. Read employee reviews and ratings on Glassdoor to decide if Quicken Loans is right for you. Initial Quicken Loans complaints should be directed to their team directly. Cons. Get weekly updates, new jobs, and reviews, The most useful review selected by Indeed. The people at Quicken are great, but the hours are long and much is demanded from you. Unfortunately they have provided expectations of compensation that are extremely difficult to attain. A free inside look at company reviews and salaries posted anonymously by employees. Great place to start a career, not so much for advancement. I don’t know who is falsely rating this company but it is not a good place to work for an underwriter. You've already flagged this Reply from Quicken Loans… We appreciate the feedback and will continue to look at ways to improve. These processes changes are put in place to cause you to make lower monthly bonuses. Tenured employees are being fired for trivial reasons to cut the work force. Thank you for taking the time to write this review. Then in March of 2020, I entered into another refinance with Mutual of Omaha. ... Contract Senior Underwriter Review and underwrite submitted files to analyze for capacity, Management really tries to make sure they are very responsive to their team members. Thank you for your detailed review. Apply online instantly. Depending on your work it can be stressful but lucrative with bonuses etc. Great employer with amazing perks and benefits. If you have kids or a family not the job for you because you will work long hours each day just to meet their minimum requirements. We are thrilled that you enjoying working with us and also recommend others to working with us. A loan file typically makes it to an underwriter's desk after passing a preliminary review. Quicken Loans is a great company and workplace. … This is where the underwriter checks all the details on your mortgage application and … I really enjoyed working here. What tips or advice would you give to someone interviewing at Quicken Loans? Detroit, Michigan, United States. Excellent culture, unlike any other place to work. Let people know your thoughts on previous employers. We deeply value the talent and skills that our team members bring to our company and we will continue to strive for the best team member experience possible. Read reviews and complaints about Quicken Loans, including various loan options, tools and calculators, mortgage rates, rate security and more. Quicken Loans is looking for individuals who are career-oriented. As of July 2019, Collateral Underwriters at Quicken Loans earn between $35.65 and $45.50 hourly depending on performance. I don’t really understand this since I wasn’t fire for anything egregious. Also, according to Quicken Loans I cannot even purchase my own insurance coverage. Four years into her career at Rocket Mortgage, Bianca’s a Director in Mortgage Banking and leads a team of 17 bankers. The hours and daily commute make it hard to find time during the busy seasons, but the compensation is usually considerable. He was very helpful and thorough during our re-fi process. Our marketing team at Quicken Loans was just ranked as one of Ad Age’s Best Places to Work for 2021! Related: Quicken Loans - Buyer Beware!!! If you have bad credit will Quicken Loans hire you? We are glad that you love the culture just as much as we do. Thank you for your review! 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. There are a few perks. People that are not hard workers or unmotivated will likely fail at this company. Process changes are made that don’t increase productivity but make the job harder. You may not have a goal in mind for your career just yet, but you're thinking about what you want in a job and a company. Ask a question about working or interviewing at Quicken Loans. ... closing costs, as I am 10% service disabled, with FHA loan, mortgage insurance, 5.5% interest rate, as I trusted this underwriter… BTY they are the most expensive and inept mortgage lender in the USA Useful. Forced to work OT when I had family . Underwriting is the process of determining the risks involved and establishing suitable terms and conditions for a particular loan. What is the interview process like at Quicken Loans? The pay is okay, but you will fell under valued when you try to work somewhere else. If you don't put in the time, your numbers will show it and they will ask you to consider a different area to work within Quicken if there are positions available and if there isnt they fire you. City centered, strong work relationships, volunteer oppurtunities, Long hours depending on business needs. Daily/Monthly production goals are common in most roles, and the culture fosters a swift and caring attitude to help you achieve them. all Quicken Loans reviews in United States, all Quicken Loans reviews for Underwriter. They have completely overstaffed the underwriting department to the point where others are constantly being transferred to other departments where their pay is being reduced and the amount of work is lacking to where others can get fired due to production reasons. What is the base pay for a licensed mortgage banker and how does the commission structure work? The low salary structure and high level of stress is about the only negative thing I experienced while working there for a year. Apply online instantly. I’ve been a top ranked underwriter … I made friends and good money and bought a house. Quicken Loans has an online application process and provides services in all 50 states. Join to Connect ... • Review final loan docs to ensure they are in compliance with guidelines While I enjoyed the people I worked with, there was no work life balance. Firstly, there is NOT a lot of growth here. Apply for a Quicken Loans, LLC Junior Underwriter - Rocket Pro TPO - Phoenix, AZ job in Phoenix, AZ. Apply for a Quicken Loans, LLC Mortgage Underwriter - Rocket Pro TPO job in Detroit, MI. I really enjoyed working here. Team members I worked with. Join to Connect. However, during the underwriting … Glassdoor has 2,570 Quicken Loans reviews submitted anonymously by Quicken Loans employees. Apply for a Quicken Loans, LLC Mortgage Underwriter - Rocket Pro TPO job in Detroit, MI. Quicken Loans doesn't believe in "layoffs," they just downsize through firing and attrition. How to Answer: What Are Your Strengths and Weaknesses? View this and more full-time & part-time … Work/life balance can be a negative for some, but this is also the time you can earn much more income. Changes in processes/underwriter make it even more unorganized. Cut throat atmosphere where you don't advance unless you hang out and party with leaders or fellow team members. They play music in the office and free popcorn, I have been working at Quicken Loans full-time for less than a year. If you were in charge, what would you do to make Quicken Loans a better place to work? Then, in order for any goal to be met you must work 10-12 hour days. “Buying a home is exciting, emotional, and … The culture promotes positivity and fun, and it needs to be because much is demanded from you. Allows for a flexible schedule and work from home. Learn more about Quicken's loans, rates and fees. We are going to continue to work on improving work-life balance because we are committed to our team members and their experience they have while working with us. I have been working at Quicken Loans full-time. The four C's – credit, cash, collateral and capacity to repay are critical components of this first stage. Glassdoor will not work properly unless browser cookie support is enabled. Posting id: 601269801. On average, how many hours do you work a day at Quicken Loans? | 14,246 people have already reviewed Quicken Loans… At times you are required to work overtime but are not compensated … When I asked to speak to the underwriter to get an explanation, they said the underwriter cannot take any calls. Underwriting is the process of determining the risks involved and establishing suitable terms and conditions for a particular loan. Hours are pretty long, but they compensate well for it. 8 Questions You Should Absolutely Ask An Interviewer, "The most stressful job ever. Quicken Loans is a competitive environment with sub par leadership. The culture promotes positivity and fun, and it needs to be because much is demanded from you. Is Indeed your favorite place to learn about companies? The work is stressful, but it is a great company to work h for. We understand where you are coming from and think it would be helpful to discuss further. Collateral Underwriter is a great position to have within the company. 1 Quicken Loans reviews. 6 Quicken Loans Underwriter jobs, including salaries, reviews, and other job information posted anonymously by Quicken Loans Underwriter employees. Roles, and there is not a good place to work somewhere else trips to Detroit Lending with online. That don ’ t increase productivity but make the job harder of 1.97 from! 46 connections Questions you Should Absolutely Ask an Interviewer, `` the most stressful part about at... Review for targeted profile inept mortgage lender in the beginning, the most stressful job and many! Works and what happens when you try to work 50 to 55hrs a week of,! And immoral error rate issue has 2,570 Quicken Loans does not treat people as people but money... 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