quicken loans reddit

Mortgages Why? 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. I talked to quicken loans about refinancing our home. Quicken … 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. 217 reviews from Quicken Loans employees about working as a Mortgage Banker at Quicken Loans. Power 2010-2020 (tied in 2017) Primary Mortgage Origination and 2014-2020 Primary Mortgage Servicer Satisfaction … Going local, as suggested, would give you more control over the process. Average Quicken Loans hourly pay … Find out if Quicken is the best lender for you. Quicken Loans LLC provides marketing services to each company featured on this … Local lenders typically process your loan, then sell your loan to another servicer who nickel and dime you for every request you make after closing. I'm also a veteran, and despite my love of USAA (I have insurance through them), I would not use them for a mortgage. TIA! Rock Central LLC provides talent acquisition and technology services to each company featured on this site. Research local credit unions lenders. Obviously Quicken has the advantage on pricing given they deal in bulk. Quicken Loans is one of America's largest mortgage lenders and tops the charts for customer satisfaction. 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. Seem like very shady practices. Learn more about Quicken's loans, rates and fees. Power’s top spot for customer service an impressive 10 years in a … BTY they are … There are much better lenders to work with for a first time buyer. 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. That is not to say Quicken Loans does not do well by its customers. It was a call center and it was awful. Homeowner New comments cannot be posted and votes cannot be cast, Real estate 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. Get started on your loan right away. Quicken Loans offers a wide variety of loan options. 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 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 … Cookies help us deliver our Services. I wouldn't go with them. Due to the 620 minimum qualification, I can not get approved. No matter where you go, you're going to have a poor experience if the aforementioned items apply. I called Quicken … The company's affiliated, vast property holdings include an extensive street surveillance network all accessible from a main … Houses, Press J to jump to the feed. Quicken Loans is probably not the best place for that. I'm in same boat as OP and in the process of negotiating rates between Quicken and two local brokers. 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 Someone you would be able to sit down with (if you wanted to do so) or at least be able to reach and get a response from in a timely manner. All other fees, closing, … Power 2010-2020 (tied in 2017) Primary Mortgage Origination and 2014-2020 Primary Mortgage Servicer Satisfaction … I would always go with a local community bank or credit union over Quicken. Press question mark to learn the rest of the keyboard shortcuts. That's not to say they're good or bad, I just found them (a couple tenths of a percentage) … But I WOULD use those folks on a refinance, because a lot of the customer service and time pressures are off. While opinions may differ, Quicken … They were quick to say it means nothing even if it's in a letter, meanwhile their rate is way higher with points! You should meet them locally and interview them, talk about your situation and see what advice they give you. Feel free to PM me if you like. You may still qualify for a loan even if your situation doesn't match our assumptions. 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'm biased because I am a loan originator in Denver, but I would not use Quicken. Lending Interview. I interviewed at Quicken Loans (Detroit, MI) in Jul 2019. Unfortunately most quicken loans loan officers struggle with all of these things. Mortgages There are 2 active first responder promo codes for quickenloans.com verified today. Does anyone have a honest opinion of Quicken Loans. Quicken's rates aren't really any better than what you'd find with a local lender. It had directions for contacting Quicken to get setup to get a credit report. This is for a standard 30YR conventional mortgage. Quicken Loans is the largest mortgage lender in the U.S. based on loan volume and is licensed in all 50 states. Eventually they stated … Only do Quicken if you want to be bombarded with phone calls. My credit report was not attached. 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). … Our amazing mortgage process is enhanced by the Quicken Loans deposit. Quicken Loans reinvented mortgage lending with its online experience, Rocket Mortgage. In fact, the company has earned J.D. The loan officer and loan processor rarely are on the same page - this is by design. ... help Reddit App Reddit coins Reddit premium Reddit … Quicken isn't going to be anything like that and I always try to keep big-time business on a local level. If not then are there any recommendations for a first time buyer to get started. Rocket Mortgage by Quicken Loans received the highest score in the J.D. 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. It's going to be tough getting an offer accepted with a quicken pre-approval letter. Find out more about the Quicken Loans deposit, and how it gives you one of the most streamlined loan processes available! Related: Quicken Loans wasted my time and are incompetent. Would someone share their positive or negative experience with Quicken Loans in regards to refinancing? 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. Part of the Quicken Loans … My credit scores are about 580, my wife's are 800. The mortgage industry needed a change. Financing Rocket Mortgage by Quicken Loans. To get more accurate and personalized results, … I was actually pretty pleased with the final product, but the amount of people calling to offer loans … New loan officers go there to get trained and make some money, and then the good ones move on after a year or two. Learn the saving money tips and Get the Quicken Loans … Houses, Press J to jump to the feed. I chose Quicken specifically because they specialize in VA loans, and my normal bank has a very bad reputation with VA loans. 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. 1,047 reviews from Quicken Loans employees about Quicken Loans culture, salaries, benefits, work-life balance, management, job security, and more. Instead I got frustrated and started the process with another bank and just began ignoring Quicken Loans and their emails and CONSTANT phone calls. The average Quicken Loans salary ranges from approximately $27,387 per year for Account Specialist to $124,142 per year for Enterprise Architect. Learn about Quicken Loans culture, salaries, benefits, work-life balance, management, … Quicken Loans is probably not the best place for that. Churn and burn! I found Quicken Loans' interest rate to be higher than the bank I ultimately went with. Homeowner I don't think outfits like Quicken Loans would be very effective at that. 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. Rocket Mortgage by Quicken Loans received the highest score in the J.D. Get up to 15% OFF Quicken Loans first responder discount code at hotdeals.com . Only do Quicken if you want to be bombarded with phone calls. So we took things into our own hands. 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. The thing is, you're not going to save that much (if any) on interest or closing costs by going with Quicken, and if you have a contact with a local institution it will be much easier for you to get questions answered and issues resolved. I received an email later from Tyler. 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. This was almost my exact situation when I used Quicken. House My first interview was over the phone with Quicken Loans. There seems to be a infinite amount of loan options and companies and I am just trying to find the right one. 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. Get an ad-free experience with special benefits, and directly support Reddit. Thinking about contacting their legal department about that one. 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. Hey, can you expand on why first offer with Quicken pre-approval will be difficult to accept? I may be bias, but I love technology and QL's technology is sound and is the future of the mortgage industry IMO. 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. From … I used them for my second house. By using our Services or clicking I agree, you agree to our use of cookies. Hard to reach your loan officer for help - they have set hours and do not take calls on a cell phone at 8pm on a Tuesday. Inexperience - they generally hire brand new LOs who are still learning the job as they go. Is that from experience? Everyone's financial situation is unique -one person could have multiple judgments on their credit that they need to resolve to close, another could have had a bankruptcy in the last 7 year that meant they had tons of paperwork to hound. I was actually pretty pleased with the final product, but the amount of people calling to offer loans overwhelmed me. They have their Rocket mortgage technology, but so what? 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? House Quicken Loans is located in downtown Detroit. I did my purchase through QL and it was too easy. Originally started through Aerotek and was hired in to QL full time. They also sold my info to local real estate agents after I specifically told them not to do so. The mortgage process has been known to frustrate homeowners. 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. Headquartered in Detroit, Quicken Loans … 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 … Check on what they say later by doing research. Lending We are looking to refinance but they have horrible reviews online. Press question mark to learn the rest of the keyboard shortcuts. I used them for my second house. I am a first time buyer and am looking to get the most out of my first time buying status. Thanks in advance. I wouldn't put too much weight into online reviews for mortgages. I'm pre-approved with Quicken out of web-based STP convenience I chose them. The interview process began with an initial phone screening interview, followed by a basic technical phone … My experience with Quicken Loans have not been good so far. 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. Shared on August 21, 2017 - Underwriter - Detroit, MI. Quicken Loans has a reputation as a heavy-hitter in the mortgage space. The LO is there to sell and get business in the door. Financing I am trying to look for a way to quickly evaluate the best option for myself. 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. Ask questions. 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