Quicken Loans
No Loan Officers Are Closing 20 Loans per Month

Business & Finance

Come on you sheep, you're paying for LeBron's contract. Very few if any LOs are closing 20 loans per month. You need to RUN from Danny's grip. He is just using you.

You talk about customers paying more with a broker? Take the QLSS fee: $75 no matter what. How many loans are WRITTEN every month? 20,000? 25,000? Let's be conservative and call it 15,000. That's $1,125, 000 per month. $13,500, 000 per year. There are maybe 20 people working in the appraisal dept. Let's say they make $20 per hour (no way with cheap Dan). $20 times 20 people times 40 hours per week times 52 weeks per year. That's $832,000 per year in payroll — profit of over $12 and a half MILLION dollars per year!!! King of the junk fees.

Best place to work? Why do so many people quit? No place that expects you to work 60 hours per week is a great place to work. Who owns Fortune Magazine? Time Warner. Who also owns CNN. Guess who CNN's number one advertiser is? Correct — Quicken Loans. Coincidence? I promise you that the turnover rate is more than you think. I know one month in particular they LOST more people than they hired!

Read your own website — you are NOT the "number one online lender according to Forbes Magazine", you had the number one mortgage WEBSITE! Not even that anymore.

Http://www.forbes.com/bow/b2c/favorite. Jhtml? Id=5

Stop drinking the Kool Aid.


Company: Quicken Loans
Country: USA
State: Michigan
City: Livonia
Address: 20555 Victor Parkway
Phone: 7348050000
  <     >  

RELATED COMPLAINTS

Quicken Loans
Lost $500 Deposit After Appraisal Came In $63,000 Lower

Quicken Loans
Insisted on $500 Upfront, Failed to Make Loan and Kept Money

Quicken Loans
Terms Switched After Appraisal and Deposit Taken

Quicken Loans
Former Loan Processor Describes Stressful Job and Added Fees

Quicken Loans
Told 40-50 Hours Weekly but Worked 60-70 Hours

Quicken Loans - Rock Financial
Former employee. They lied to customers all the time

Quicken Loans
Loan Officer Quoted Rate and Costs, Then Figures Changed and Deposit Kept

Quicken Loans
Unethical Bankers and Non-Refundable $500 Deposit After Cancelling

Quicken Loans
Employee Says Fees Higher Than Other Lenders and Staff Overworked