Anyone work @ Quicken Loans in Detroit

[Sasha Eubanks]

I wouldn't take it that way. I mean, given the times we live in, if one is not working, then I would use any and every resource available. Including message boards/forums. I don't mind sharing information.

For anyone looking, here is the link to Chase's job search: Explore your future with us | Careers | JPMorgan Chase


Good luck!

[dprince18]

Originally Posted by 313Weather

Well, you're going to work a ridiculous amount of overtime for $24K per year in a rather kooky corporate environment.

But I do hear a lot of people benefit from their 30 day training program though.

I have three friends that work there. They work from 8am to 9pm daily, and a few hours on Saturday. But they don't seem to mind. The two that have been promoted through the ranks (we are all around 25) don't work many Saturdays anymore, but still work long hours. The payoff is that they all BANK. One is making upwards of $150K.

Now I understand that if you take the hours they work vs. their income it probably levels out to an average to good hourly rate, but they don't seem to mind it.

Bottom line. Good money IF you put in mad hours. Personally, not for me. I'd like to enjoy life in my twenties.

[belleislerunner]

People who work for Big Four accounting firms (or any accounting firms) from January to April work from 8am-9pm daily and a few hours on Saturday and make no where near the commision levels of Quicken. Starting salaries for Big Four are in the high $40's/low to mid $50's. Like others have said - there is no such thing as a good job or a bad job. Just jobs you would enjoy having and jobs you wouldn't - as stepping stones for whatever your ultimate career is.

[Tekkie]

I've had a couple friends who worked there. In fact, one is working there now. Basically you work a lot of hours (I've heard up to 80/wk) and it can be stressful after your first 6 months (reaching quotas, etc.). I don't know if it's true because it was pure speculation to begin with, but apparently you can make good money as a mortgage banker if you are good at your job. Your salary is only like $25k/yr, but you mostly work off commissions. If you're inclined to do a sales job, it'd probably be a good fit.

[cmarie2010]

Arthur....I GOT THE JOB! thank you very much!! It's called NETWORKING! I don't use these sites to BS....

[Arthur Digby Sellers]

My sincerest congratulations to you. However, that's not networking.

[brodie734]

Originally Posted by Sasha Eubanks

I've heard a lot of negative things as well. I applied there numerous times and didn't get a call despite my qualifications and experience. I moved on to take a position at Chase and within 30 days I get a call from Aerotek, the company that Quicken uses to hire temps.

Almost everyone at Quicken who doesn't require a license (so bankers and various specialists) is a temp employed by Aerotek. That includes management, team leaders, recruiters. The works. Aerotek even has an office in one of their buildings that is solely devoted to staffing for Quicken. Some of these temps are hired on as direct employees, though it's never as many as they want to lead you to believe. This works well for Quicken... these temps get to rave about all the perks they get, like Tigers tickets or free slushies and the awesome culture, but when the mortgage market slows down they can simply end their assignments without ever having a reporter utter the words "Quicken" and "layoffs" in the same sentence. Not that it's bad for the temps... there aren't many temp positions that you can potentially work at for over a year, the pay and culture are great and the name on your resume is likely to open doors. Especially because Quicken targets young people, often without educational or professional backgrounds in business. Your coworkers there in any department are likely to have come from places like Target or waiting tables or just out of college with a philosophy degree. After Quicken they can go on to work for banks or credit card companies or for other call center operations with ease.

Your situation isn't unique. Quicken is the rare company that DOES dig through the existing applicant pool when they need to hire and you technically (though unwittingly) did give a staffing agency your info by applying to Quicken. AAA still sends me insurance offers after not hiring me years ago.

As for the mortgage banking positions there, which is what the thread was about (and this thread is high on any Google for Quicken info), they're largely about identifying people who know how to sell (it's a telemarketing job, really) and are DESPERATE for the money. Can you earn $50k? $75k? $100k? Sure, if you work 80 hour weeks and never, ever stop selling. They're bottom up... they don't want the guy with the degree in finance who has passed his licensing tests and could work at Wells Fargo for $90,000 with a wife and kids. They want the kid who works at T-Mobile and needs rent money and has no responsibilities, they can MAKE him into a banker and he'll work twice as hard for a third as much. So long as you know that going in, you'll be fine.

[j-z]

Working at Quicken is cool, until you realize the housing market operates on 8 year cycles, and when the cycle ends, you have experience as a mortgage banker in a world where no one is hiring mortgage bankers until the market rebounds.