I told them what I needed, cash out for remodeling and they changed the terms on the loan last minute and I ended up with almost nothing on my cash out in my refinance. I WILL NEVER DO BUSINESS WITH THEM AGAIN. They are the worst. Don't bother doing business with them.
We refinanced our home this spring through Quicken. We were told by our loan rep that Quicken will always own our loan, they never sell them. Well 2 months after we close, we get a notice that they have sold the loan to Fannie Mae. Quicken will service the loan but do not own it. Quicken refused to do anything about it. Otherwise a good experience. Left a bad taste in my mouth
I gave them an account number, but they chose to use my old account without telling me. Now they want late fees. But I told them the account on the phone and they chose not to tell me they would use the old account. They caused the problem. Quicken loans is dishonest! I would not use Quicken loans!
Use a burner phone &/or create "disposable" email address. I cancelled mortgage loan application & they still call 5 months later despite being told repeatedly to STOP!
Called quicken loan and talk to Sunny Beydoun to get a pre approval. Talked to Sunny on Thursday 5-13-21. Sunny said to call him back in 30 minutes with all info to get pre approve. Sunny gave me his cell phone numbers. I called back 30 minutes later, and Sunny said he is at his nephew birthday and he will call me the next day. The next day i got no call, when i reach out to him he said he call my gf, then we decide that the next morning 5/15/21 i would wake up at 7am pst to get pre approve since Sunny is in Michigan which will be 10am est for him. The next day i woke up and call Sunny at 7am pst he said he can; t give me a pre approval until 9 am pst becasue quicken loan only o pre approval after 9am. I asked Sunny if i wanted a pre approval at 8am i cannot get it? He said i can. I said i would work with a another loan originator in my time zone. Such horrible customer service
People, a company doesn't get any better than this. Once I'd asked for help with my home loan, they COMPLETELY took the initiative, and got 'er done. I had put off my re-fi because I'd remembered having to shlep all over town for this or that document... Quicken friggin did it all, and for me and cheerfully, seeming to grasp (in a way other mortgage brokers did not) that I was doing THEM a favor, by selling them my loan. Very, very cool company. I cannot recommend them enough.
After receiving weekly emails from Quicken to refinance our present mortgage, we decided to give it a try. We went through tons of paperwork, emails back and forth, a bad appraisal and hundreds of dollars. In the end, we were not going to get the cash out we had said we wanted right at the beginning of the process! We STRESSED that we wanted $15,000 cash out or we didn't even want to start the process. Their "so-called" problem solver was rude and insulting by reminding us that our 2200 sq foot house was in a depressed area where the value of the neighboring houses is not high. It *is* the way banks and the real estate world work. They did not take into consideration that there is a community of new homes being built a few blocks from us. The area of our State is growing fast, and there are construction, and utilities being worked on all over our city. Anyhow, this process took longer than any of the mortgages we got and paid off over the years! BTW, our FICO scores are 790 and 720 respectively. All we're left with is a checking account less the $400 they took from us and the appraisal fee $100. They were QUICKen to take that! Our insurance policy on our house is the kind that pays to rebuild it. It's for $350,000! Too bad the VERY nice people Sara DeGregory and Cindy White have to work for Quicken! Those two deserve much better.
The $400 deposit you put down is COMPLETELY NON REFUNDABLE if for ANY reason your loan does not go through. The agent might not be clear about this, BUT no matter what they will NOT give it back. Even if they find proof that the agent was NOT clear about the terms they still will not give it back! VERY bad business practices going on here. The agents are also NOT very well trained. Several big errors on the part of the agents that are supposed to be serving you. Do NOT use them!
They approved me with a bad credit, though I got the money later than I needed it. I wish it was the same day.
The message I received from Quicken Loans was that we will not give you any information on loans unless you give us all your personal information. No, we will not tell you how VA loans work, how a second mortgage might be leveraged, down payments for top tier credit scores, etc.
I highly recommend going with a local lender (e.g. Credit union) as they have no incentive to provide good customer service due to their size and control of the market.
I have paid all of my notes on time for over 10 years. I am self employed and was told that 2 years of taxes would be required, however what they do not say, is that if you change jobs for the better anytime after those 2 years, you then need to wait another 2 years for taxes to be submitted. Absolutely ridiculous, how a customer is progressing in life or just wants to simply refinance the nonsense this company requires. I'd rather pay higher percentage to another willing to help. The person I originally dealt with to start my mortgage was Grobnagger, Nick. Of course they were very helpful over 10 years ago to get my business, but then do nothing afterwards.
We talked online with a rep, who answered our questions. She was then able to take our information and get us a pre-approval for a mortgage pretty much right then. She had to get some more detailed info to finalize the approval, but it was nice being able to start looking for a house with an Idea of what we would be able to actually get a loan for.
We locked in our rate almost 3 month ago now received a letter with the date for closing when I call the officer for the closing date, he came up with another story, we are very disappointed with the lack of knowledge and the time we waisted with them.
WANDA, RUBEN AND VIOLET GONZALEZ
LOAN # *******163
We are contacting with U.S. Department of Housing and Urban Development for counseling, review and advise
Ql is at fault for a low appraised value? That is an independent appraiser im sure quicken is just thrilled your home appraised low and they wasted resources on a loan that cant close. The old 500 deposit complaint gets old this company closes billions of dollars in mortgates pretty sure their objective is not to collect a deposit from you. You pay a deposit to a mortgage company to pay third party fees your appraisal is one of them. Your loan doesnt close you pay for the actual appraisal they pay for processing a loan that doesnt close locking a rate and are out thousands of dollars including bad pr from people that think ql is out to collect these deposits to take over the world and stick it to people bc thats where the real money is in mortgage lending... 500 deposits
Other than arranging for a mandatory $1,100 appraisal of my property, the closing process was fine. Some months later, Quicken flipped the mortgage to Mr. Cooper and the nightmare began. First, the loan flipped on August 1st but wasn't picked up by Mr. Cooper until August 3rd 2022. Yet, my automatic payment was CANCELLED for August 1st. I received a letter dated August 11 from Mr. Cooper directing me to their website to make payments. On the same day I received the letter, I did so and set up automatic payment. The website was bad in many ways, but I finally manually entered all the new account information which had not been prepopulated and enrolled in automatic payments. I entered the routing number, account number etc. into the system. Then Mr. Cooper CANCELLED my autopayment because it said I was behind in my payments. I couldn't establish autopay until I was current. I used their website to make a one time payment, re-entering all the banking information. I set up the payment for September 12, but Mr. Cooper changed the date to October 10! I then went to the website a third time and changed the payment again... still hasn't gone through. Four phone calls later, I still haven't got it solved. There is actually more, but, trust me, you don't want to hear it. I would never choose Rocket Mortgage again because they work with the worst. The process for informing Rocket Mortgage of this follow up was difficult... lots of phone transfers and hold time.
I'm a Real Estate broker. More home purchases fall apart with quicken loans than any other. Stay away!
Loan went thru successfully & we are... I am impressed with the customer service they solved my query within 1 working day.
I called this company to inquire about the HARP & refinance. I chose to call them 1st because of the 4-5 rating. I am extremely disappointed. So far I have talked to 5 reps (in the hope of finally getting to somebody with sense) but all of them suck! One, they have a vague idea of what this HARP is all about. 2nd, I was asking for figures for closing cost, 15 yr. & 30 yr. Term & all they give me are ballpark figures (what the hell does "somewhere from $6 or $8000 maybe" means?!) Am I calling a flea market or something?! You can tell from their voice the lack of enthusiasm; 2 of them had sarcastic tones because I wouldn't close right there & then! Then they pull out my credit score, checks it without even asking my permission first! Now my score dipped by a considerable number of points! What the f__k is that kind of customer service?! I asked if they had an office where I could go, sit down & study offers, all of them said none! Seriously how did this company have high ratings with this kind of people & service?
If you inquire with them, get the name of the representative. The company should know who this imbecile employees are cause people like them will tarnish the reputation of this company. I'm inquiring somewhere else. I'm done with Quicken Loans!
Require payment upfront for an appraisal and said the appraiser wasn't answering their requests for it. After a month they could not give me the appraisal and refused to refund the cost of it.
Very good to deal the clients. Keep it up your good services and Godbless. Comtinue to keep safe. Thank you for quickly intertain my messages
Answer: The negative reviews make no sense. The guy says they pulled his credit without asking is lying that is not permited and calls are recorded an unathorized credit pull would end the employees career im sure pulling the credit of the rate guy who wants a rate and costs of a loan with no info for the lo to work with was a top priority and worth giving up a 100k plus job. How did this employee get the mans ss and dob? He talked to 6 reps asking for closing costs without a credit report of course they cant quote him costs they dont bait switch like all the other junk lenders out there. The woman who had enough money to payoff the amount of mortgage she was requesting can thank the govt quicken cant qualify you for a federallly backed loan based on equity or assets the ability to repay rule (google it). You dont think ql wants to close your loan? Appraisal and third party fees can be paid with a deposit or apllication fee if a loan does not close the company did not profit off this. Appraisers are independent third parties. Ql sold my mortgage to fannie mae they are still servicing my loan but told me it wouldnt be sold which was a lie? Fannie mae securtized the mortgage they dont service loans your loan is serviced by ql they did not sell your servcing. Qls produces conventional loans they dont hold billions of dollars in mortgages. When a mortgage is produced its bundled with other mortgages and sold as mbs to keep capital available to lend. Please educate yourselves a bit this company is ranked highest in client satisfaction for a reason by jd power. They are the largest lender because people who know what they are doing understand the ease of process the people who dont know much about mortgages know these are the best of the best and ask to be educated, and then 2% of the rest that are too ignorant to ask questions complain about things that make no sense at all. Educate yourself before taking to the internet to bash a company that stands up to the fed govt see fha lawsuit and does more for the communtiy than almost any other company in the entire country. People refi- purchase 3-4 times in their life and think they are experts. These people see millions of dollars in transactions a month instead of bargaining like your buying a used car let them explain the process to you. LOs are not paid on your rate ysps are illegal, so instead of viewing them as the bad guys let them help you and humble yourself a bit and maybe ask why your being denied
Quicken Loans has a rating of 2 stars from 46 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with Quicken Loans most frequently mention customer service and rocket mortgage. Quicken Loans ranks 14th among Mortgages sites.