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I have a friend that just got a job working for quicken loans as a mortgage lender. I am just curious if anyone out there has worked or is still working for quicken loans and could give me some information such as:

1. what is an average day like

2. What is the average turnaround(how long do people stay before leaving, being asked to leave, or getting fired?)

3. What is the actual average yearly income for the first year mortgage lender?

4. What do you like and not like about the position?

I would really like to hear from anyone who has experience working for this company. I know he’s really excited about it.

2 Thoughts on Average day working at quicken loans?
  1. Reply
    Quicken Loans
    February 13, 2014 at 11:00 am

    Hey there – thanks for asking!

    1. Average day for a banker (after a few weeks of training) consists of making contact with clients (no cold calling!), assessing financial situations, making recommendations for loan programs and following loans through to closing.

    2. Not sure what total turnaround time is. I was an intern and ended up coming back for a full-time position, so it’s been pretty great for me. We’re a relatively young company, only having been in business 23 years. But I know lots of people who have been here many, many years.

    3. Average compensation for a new mortgage banker makes between $ 45,000 – $ 55,000 a year. Increases after that and there is no limit on how much you can make!

    4. I like that I am allowed a lot of control over my business – I can get help easily if I need it, but I know my team leader trusts me. This is true throughout the whole culture – there are no communication barriers. We’re all working towards the same goals.

    Hope this helps. Feel free to contact me through our profile if you have any other questions!!

  2. Reply
    February 13, 2014 at 11:44 am

    Have you seen the movie “Boiler Room”?

    That’s Quicken Loans.

    One of the many lenders that have contributed to the declination of the American real estate market. Congrats guys!

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