Quicken Loans "work life balance" Reviews | Glassdoor.co.in

Quicken Loans Employee Reviews about "work life balance"

Updated 9 Jan 2020

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3.9
73%
Recommend to a Friend
87%
Approve of CEO
Quicken Loans CEO Jay Farner
Jay Farner
663 Ratings
Pros
  • "Great team leaders Comfortable work environment(in 152 reviews)

  • "Great culture and very fast-paced for people who have a lot of energy(in 117 reviews)

Cons
  • "Long hours are expected of you in order to meet your expected goals for the month(in 246 reviews)

  • "Work-life balance, training is long(in 240 reviews)

More Pros and Cons

Reviews about "work life balance"

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  1. Helpful (1)

    "Internship review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     

    I worked at Quicken Loans

    Pros

    1. Excellent work life balance 2. Opportunities to shadow other teams 3. Multiple events are organized for interns 4. Good technical teams 5. A lot of benefits for full-time employees

    Cons

    The only con of the internship program is the low internship salary rate. It does not meet the industry standards at all. No demarcation between graduate and undergraduate interns.

    Advice to Management

    The management should work on restructuring the compensation policies so that it attracts better talented candidates from all across the country.

    Quicken Loans2016-12-19
  2. "Great for income"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mortgage Loan Officer 
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Quicken Loans full-time for more than a year

    Pros

    Income, advanced systems, diverse workplace

    Cons

    Work-life balance, training is long

    Quicken Loans2020-01-09
  3. Helpful (1)

    "Overall experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mortgage Banker in Detroit, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Quicken Loans full-time for more than a year

    Pros

    Quicken has great benefits and is a good job if you are just starting your career. The company is full of life and has many leaders that are willing to help. This place is all about the money and they will embed that into you. Its all about how much you can make and how money will make everything a lot easier for you. I would say if you are fresh out of college and haven't started a family it may be a good fit but be ready to hustle and grind!

    Show More

    Cons

    You are going to work a TON of hours like a lot. There is no work life balance its literally work work work and on weekends to and even if you are on pace to hit your goal you will almost be guilt tripped into working. When you break down your compensation to the amount of hours you worked it almost doesn't even make sense. You get dinged for things in your paycheck and some you cant even control. They need a live base salary.

    Show More
    Quicken Loans2020-01-08
  4. "Choose your own adventure!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Public Relations Manager in Detroit, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Quicken Loans full-time for less than a year

    Pros

    Phenomenal culture, great benefits, phenomenal location. Flat structures allow for collaboration across different teams, team leaders are extremely supportive of personal and professional growth, and the company does amazing work in the community. You really get out what you put into your work here.

    Cons

    It could improve more on work/life balance, and there is constant movement inbetween teams and companies which makes things seem perpetually transitional.

    Quicken Loans2019-12-23
  5. "Nice company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Documentation Specialist 

    I have been working at Quicken Loans full-time for less than a year

    Pros

    The company offers perks here and there that are usually beneficial in someway.

    Cons

    Poor work life balance. Hours changed at any given time.

    Quicken Loans2020-01-07
  6. "The Definition of Hypocrisy, Unprofessionalism and Favoritism"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Licensing Specialist in Detroit, MI
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Quicken Loans full-time for more than 3 years

    Pros

    *Great PTO *Dan Gilbert, Jay Farner and Bill Emerson's vision and ISMs *Good work/life balance *Love the company and what the company stands for

    Cons

    Middle management does not know how to spell the ISMs. You will be fine until you ever disagree with your leader's opinion or state constructive criticism to better the environment. I am not surprised since the same leader's have cocktails with certain team members including relationships that HR should look into for team leaders having inappropriate relationships with team members. (LICENSING COMPLIANCE). Pay fairness was horrible and no transparency or rhyme or reason. The outlook survey was a JOKE. They say your survey is confidential, it is not. There is and never was a development plan to a path toward being an expert doer or leader. It's been years and there is STILL NO DEVELOPMENT PLAN. Team leaders were hired to lead with no experience and yet no one on a team of 19 was qualified to lead a team they have been on for 5-7 years. Leadership only wants people in their circle that will follow them like puppets, that is why they won't promote anyone within. They don't deal with unprofessionalism and conflict either. They will fire a person who busted their butt to keep the sinking ship afloat for working overtime but keep a handful of lazy petulant team members because they show up and watch the clock for 8 hours.

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    Advice to Management

    You need to white board that team from scratch with new leadership and team members. Be honest with team members that you plan on never promoting so they can find a new job or employer that will give them a chance. There is a team member that has been on that team for 10 years and everyone knows you will never promote her. If she was smart, she would have taken the job offer from the other company but there she is sitting in the same spot.

    Show More
    Quicken Loans2020-01-04
  7. "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Legal in Detroit, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Quicken Loans full-time for more than 3 years

    Pros

    1. Culture 2. The people and

    Cons

    1. Pay 2. Work Life Balance

    Quicken Loans2019-12-08
  8. Helpful (1)

    "Quicken Loans Collateral Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Collateral Underwriter in Detroit, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Quicken Loans full-time for more than a year

    Pros

    Collateral Underwriter is a great position to have within the company. As of July 2019, Collateral Underwriters at Quicken Loans earn between $35.65 and $45.50 hourly depending on performance. They can also receive bonuses, and there is usually overtime available and at times required. Quicken Loans is a great company and workplace.

    Cons

    When business is really booming you will likely be required to work 50 to 55hrs a week. Work/life balance can be a negative for some, but this is also the time you can earn much more income. People that are not hard workers or unmotivated will likely fail at this company.

    Quicken Loans2019-11-02
  9. "hetic"

    StarStarStarStarStar
    • Work/Life Balance
    Former Employee - Loan Officer 

    I worked at Quicken Loans full-time

    Pros

    The environment was exciting and fun

    Cons

    No work life balance

    Quicken Loans2019-11-19
  10. Helpful (1)

    "Overall a good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Mortgage Banker 
    Recommends
    Approves of CEO

    I worked at Quicken Loans full-time for more than 3 years

    Pros

    Great pay structure, good benefits, a lot of really cool opportunities. In general, they really take care of you.

    Cons

    Work a lot, some leaders are extremely numbers focused and will demand a lot of extra with little incentive. Work life balance is tough until you get to a higher position, which can be tough.

    Advice to Management

    Don't forget about the people to try and make money. Too many leaders cycle in and out who make good money then become too focused on it, at the detriment to those they are supposed to lead.

    Quicken Loans2019-11-01
Found 284 reviews