Reviews of Cj Burroughs, Executive Banker at Quicken Loans - Purchase Team, NMLS 1783294 (800) 351-0228 ext. Apply online for Quicken Loans’ personal loans through its Rocket Loans division to receive preapproved offers within seconds of entering your financial information. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Quicken Loans lets you apply for your mortgage completely online, entirely with a loan officer, or a blend of both. Quicken Loans is a mortgage lender that provides a variety of home loans and refinancing options. I would recommend this company. One of the most important considerations when choosing a mortgage lender is understanding what the loan will cost. Check for reviews and ratings to learn more about Rocket Mortgage (Quicken Loans) on CreditKarma.com before making a decision on a mortgage lender. Since it doesn't have the capital from bank deposits to fund mortgages, nonbank lenders sell loans to investors. It services 99% of the mortgages that you can apply for on its website. 310 Quicken Loans Mortgage Banker interview questions and 262 interview reviews. When I finally returned one of the calls, it was with a bit of an attitude! I will definitely be using Quicken Loans for all my future Home loans and refinancing. We refinanced a $145,000 remaining on our old mortgage to a VA 30 year refinance with Quicken/Rocket. Like nearly all non-depository lenders, Quicken Loans doesn't offer home equity loans or lines of credit. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Good for: borrowers looking for just about all of the services your neighborhood mortgage lender offers — with online convenience. Average of 1,908 Customer Reviews However, a firm credit score requirement exists for these three loan types: Quicken Loans’ refinancing options include equity cash-out, refinancing at a lower interest rate or shortening your mortgage term. I was very impressed with the whole process. ConsumerAffairs is not a government agency. Reverse mortgages are typically used by older homeowners to tap the equity in their house for retirement expenses. Thanks. $500B+ Total funded loans. For more information about reviews on ConsumerAffairs.com please visit our You can decide to buy discount points — a fee paid with your closing costs — to reduce your mortgage rate. Jason ** responded to every inquiry quickly. Quicken Loans offers a completely online loan application process, which is convenient for consumers who don’t have time to visit a bank or financial institution. I knew exactly what the company needed and when it was received and approved by logging in to the dashboard. We believe everyone should be able to make financial decisions with confidence. Be the first one to find this review helpful. The home mortgage … Free interview details posted anonymously by Quicken Loans interview candidates. 3%Better.com offers 3% down payments on conventional loans. Quicken Loans — with its groundbreaking digital application experience, Rocket Mortgage — ranks among the nation's leading-volume lenders, despite not having a single branch office. 3%On conventional loans, Quicken offers down payments as low as 3%. He would call or text me practically immediately after I contacted him and was pretty much the Jen Whisperer in getting me to understand what was going on and not panicking about it. A force of over 3,000 mortgage bankers stand ready to help, the company says. To me that is the company looking to have me spend money on closing a loan that I don't need. You can also refinance an investment property with Quicken Loans. Quicken Loans Inc. is the largest home mortgage lender in the United States by volume. FAQ. Here is a list of our partners. Senior Mortgage Banker “I currently work at Quicken Loans, which is the #1 Mortgage Lender in America. On the day we checked, Quicken's interest rate page showed points ranging from 1.875 to 2.25 built into the interest rates. For the latest information on how to cope with financial stress during this pandemic, see NerdWallet’s financial guide to COVID-19. We Would absolutely recommend Quicken’s services to others! Key to this is the Rocket Mortgage … guaranteed by the Department of Veterans Affairs. It is a full-blown online loan application. I am exceedingly grateful that Geoff does such an amazing job and most importantly, that he was assigned to me so that I could benefit from his excellence. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. 3%BNC National Bank offers conventional loans for as little as 3% down. However, if you are in the banking … I currently work as a Mortgage Banker … From our first phone call through closing, he graciously carried me through the process of securing my loan for a … Also an online simulation assessment which was very interesting and included simulations through “a day … Here’s what I’m going to do.” He is friendly, knowledgeable, and I must say, he has a fabulous sense of humor. Headquartered in Detroit, Quicken Loans … The online process worked well. Enjoy reading our tips and recommendations. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. You can choose a custom term with a fixed rate that fits your needs with Quicken Loans’ “YOURgage” feature. Quicken Loans is a nationwide online mortgage lender. Geoff’s true trial began in earnest once the ball got rolling. I interviewed at Quicken Loans (Scottsdale, AZ (US)) in September 2016. Rocket will show you an actual mortgage rate based on your credit qualifications and can lock in that rate if you want. Here's a breakdown of Quicken Loans' overall score: Quicken Loans offers a full nonbank selection of fixed- and adjustable-rate home loans, mortgage refinancing and jumbo loans for higher-priced homes. To get more accurate and personalized results, please call (800) 251-9080 to talk to one of our mortgage … Get buying tips about Mortgage Lenders delivered to your inbox. I hope that you will consider all of this when Geoff’s next review comes due. 1.0 out of 5 stars DON"T use Quicken Loans Reviewed in the United States on March 7, 2020 You will NOT be working with a single person, its a group, and none communicate wih the other. Quicken Loans’ mortgages include adjustable and fixed-rate loans. link which takes you to a loan application — and that credit inquiry — at Rocket Mortgage. The whole process was very efficient and went quickly. It's easy to just jump right in and see if you qualify, but any mortgage application requires a. , which can lower your credit score a few points, so you want to be sure you're ready to make a real application. Calls and messages were returned promptly, and he always did exactly what he told me he would do; I never once felt even the slightest bit inconvenienced. Rocket is not some simple little prequalification tool or mortgage loan scenario calculator. I have already recommended Quicken Loans to friends and coworkers. It is a full-blown online loan application. ... Access the headquarters listing for Quicken Loans, Inc. here. Fairly easy except Quicken made double payments on everything and it has been difficult to get their money back to them. Lenders often work the assumptions to put a little polish on their rates — and Quicken Loans is no exception. Quicken Loans Mortgage Reviews – Strong Growth. The money was transferred to my account when the documents were filed. Quicken's YOURGage product allows you to choose a fixed-rate loan term — the length of the mortgage payback — from eight to 29 years. I then set up an online account that provided a dashboard to list all the needed documents. Provides a wide variety of loan types, including renovation loans and some government-backed mortgage products. Quicken offers a robust variety of mortgage options, but its rates and fees tend to be higher than the national median, as reported in Home Mortgage Disclosure Act data. Very thorough process. I originally contacted Quicken when I discovered that my younger sister was getting a lower interest rate on the house that she was buying than I had on my own townhome. PS- My interest rate is, in fact, now lower than my sister’s. » MORE: NerdWallet will monitor your credit so you don't have to. calculator. 36. The customer service was good and efficient. The attorney for the closing came to our home and completed all paperwork. My Quicken loan advisor was fantastic! I'm very happy. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Would definitely recommend you to friends. Hal Bundrick is a personal finance writer and a NerdWallet authority in money matters. — ranks among the nation's leading-volume lenders, despite not having a single branch office. I will let you know if I think of something. Quicken Loans earns 3 of 5 stars on this factor. 5 tips for finding the best mortgage lender. Offers custom fixed-rate loan terms that are between eight and 30 years. However, its mortgage rates and lender fees are higher than the median. The company is amazing in many ways, with the technology, ethics and training. Quicken Loans. Purchase, Refinance, Jumbo, Fixed, Adjustable, Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA, Get more smart money moves — straight to your inbox. Quicken Loans has many loan options and is a viable choice for those searching specifically for an online lending service. When evaluating offers, please review the financial institution’s Terms and Conditions. I had an overwhelmingly positive experience with Quicken, thanks to Geoff **. Companies pay us to be accredited or when you click a link, call a number or fill a form on our site. Quicken Loans earns 2 of 5 stars on this factor. The money is transferred to your account once you choose and finalize a loan. In most customer Quicken Loans reviews, this option is appreciated. Many or all of the products featured here are from our partners who compensate us. I had checked with another company previously (Better Mortgage, who tragically did NOT live up to their name) and they had generously offered me an interest rate that was .005% higher than the one I held. The atmosphere and camaraderie is second to none. By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Borrowers have paid an average of 0.70 points on loans in the past 12 months, according to the Federal Reserve. The two in person interviews consisted of a 45 minute conversation and shadowing a mortgage banker. In addition, customers have the option of calling in to work with a Quicken Loans mortgage banker. Quicken Loans introduced Rocket Mortgage in 2016 with a Super Bowl commercial that resulted in overwhelmingly positive Quicken Loans reviews. Mortgage Loan Originator (Former Employee) - Cleveland, OH - December 15, 2020 Quicken is an incredible company. ... out refinance rates Compare pre-approval lenders See all mortgage lender reviews ... banker will be … That's a little high. Quicken Loans (72) 4.6 Highest Rated in this Industry is Home Finance of America (17) 2.2 Lowest Rated in this Industry is Cottonwood Financial (5) 3.8 Average of All Companies in this Industry (13,260) This may influence which products we write about and where and how the product appears on a page. The one downside that I don't like is the sales after the process. Better.com offers 3% down payments on conventional loans. Years in the industry. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data. I have had to make many phone calls and the process to get their money back. Quicken Loans is the largest mortgage lender in the U.S. based on loan volume and is licensed in all 50 states. » MORE: "Should I buy points?" I read some terrible reviews for Quicken Loans however in my research I found that they were still offering the best deal and price and the way to submit documents online was the most simple I had come across. The more points paid for, the lower the rate. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. If you would rather start online, you'll be virtually ushered over to Rocket Mortgage, Quicken's "online experience.". BNC National Bank offers conventional loans for as little as 3% down. Review of my experience with quicken loans in buying my first proerty and the ups and downs of my process with them. If you can’t pay your current home loan, refer to our mortgage assistance resource. They were able to pull my information from my last attempt at the loan and I only had to update current financials. He was so helpful and just so genuine; I am not an easy person to win over, but I was really impressed with the level of customer service Brian provided. Lenders are dealing with high loan demand and staffing issues that may slow down the process. Quicken Loans mortgage types and products, ” distinction? I imagine that sorting through my information and finding me a good deal was pretty standard operating procedure for Quicken, but as I said, I am hopeless with numbers and indeed, can quickly become overwhelmed. I had no idea that refinancing my mortgage could be so painless; had I known, I would have done it sooner. While it's not always the case, paying upfront fees can lower your mortgage interest rate. I wanted to be able to upload my documents and have a process where I could check in daily to see when the mortgage would be ready to close. Brian had everything handled, and I felt completely at ease throughout the process. I mean, it’s my baby sister! Quicken Loans — Mortgage banker On September 23rd 2019 I called into the customer care number to speak with an banker on obtaining information about getting pre approved for a … Quicken's lender fees can be stout and they don't offset those fees with particularly low mortgage rates. Deciding whether to pay higher upfront fees is a matter of considering how long you plan to live in your home and how much cash you have to apply toward closing costs when you sign the loan paperwork. However, this does not influence our evaluations. LIVONIA, MICHIGAN -- I had begun the mortgage process with Quicken Loans in May of 2008. When I did the math I realized the next (second) payment would be on the 31st of December 2020, followed by January 30th 2021, followed by March 1st 2021, then March 31st, then April 30th 2021, then May 30th 2021, then June 29th 2021, then July 29th 2021 and this brings me to my main concern--I receive my VA benefit on the first of each month and if I cannot make the first of each month as the same time each month for auto-pay to occur then what are my options to make my mortgage payment each month so I can pay on time and never incur a late charge therefore maintain a good credit history. All customer reviews are handled by the BBB where the company is Headquartered or a central customer review processing location. Pre-qualified offers are not binding. and mortgage rates. Thank you, you have successfully subscribed to our newsletter! I thank him so much for his work. If you want to get an idea of current interest rates, Quicken's website has a page listing common loans and interest rates. And that licensed banker will be the same person that you speak with throughout the loan process. The largest investors in the industry — government-sponsored enterprises Fannie Mae and Freddie Mac — don't buy home equity loan products. Quicken offers a robust variety of mortgage options, but its rates and fees tend to be higher than the national median, as reported in Home Mortgage Disclosure Act data. Borrowers should consider the balance between lender fees and mortgage rates. I had so much going on at the time, and I had been receiving calls and voicemails from Quicken Loans that I mostly ignored. To get a customized mortgage rate quote from Quicken Loans, you'll need to click on the "Apply Now!" NerdWallet's ratings are determined by our editorial team. They communicated crystal clear and came through with what they said they could do. Mortgage Banker (Former Employee) - Detroit, MI - February 20, 2020 At first Quicken Loans seems to be a fun place to work but that is a little trick they play. Unsubscribe at any time. All financial products, shopping products and services are presented without warranty. I have not even finished the entire process or have gone to closing on my refinance but I did read the reviews and I am a real person going through a real process and I wanted to give my 2 cents because some people said that all the 5 star reviews were fake. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. It also provides VA loans guaranteed by the Department of Veterans Affairs. Completely online, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs some... 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