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Quicken Loans Overview

Quicken Loans Inc. is a mortgage lending company headquartered in the One Campus Martius building in the heart of the financial district of downtown Detroit, Michigan.
The staff at Quicken Loans come from unusually diverse demographic backgrounds. The company is 44.2% female and 32.7% ethnic minorities. Even though it has great demographic diversity, Quicken Loans notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 66.9%. Despite having coworkers who agree with each other about politics, employees at Quicken Loans tend to have relatively short tenures. Staff members usually stay with the company for 1.5 years. The average employee at Quicken Loans makes $70,526 per year, which is competitive for its industry and location. Some of its highest paying competitors, LendingTree, loanDepot, and New Penn Financial, pay $83,192, $70,245, and $67,090, respectively.
Quicken Loans is an industry leader with 10,000 employees and an annual revenue of $5.5B that is headquartered in Michigan.

Industry

Finance

Revenue

$5.5B

Employees

10,000

Founded in

1985

Headquarters

Detroit, MI

Website

www.quickenloans.com

Organization Type

Private

Is This Your Company?

The Team At Quicken Loans

Key People
  • Bob Quickenloans.Com (president)
  • Jay Farner (ceo)

The Culture At Quicken Loans

Information provided by the company
We're looking for talented and passionate team members who'll inspire innovation and help teams develop solutions that focus on delivering value. If you're passionate about finding a better way while improving our team members' and clients' experience, we want to talk to you!
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We are a diverse group of individuals with varying backgrounds and perspectives, unified by a love of technology and security. We work hard, play hard and dress casual!
Rocket Homes Real Estate LLC is a Detroit-based, tech-driven company with a passion for simplifying real estate. Our mission is to create a seamless home buying and selling experience by combining the process of searching for homes, connecting with a trusted real estate agent and getting a mortgage.
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We're united by our culture - a drive to find a better way that fuels our commitment to our clients, our community and our team members. We believe in and build inclusive workplaces, where every voice is heard and diverse perspectives are welcomed. Working for a company in the Family is about more than just a job - it's about having the opportunity to become the best version of yourself.
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At Petram, we are passionate about our work and committed to greatness. Leveraging our collective genius as a team to innovate for the future, we're looking for people committed to learning who are self-motivated and inspired to solve the big problems our customers bring to us. Revealing insights in data to empower our clients is one side of the coin; inspiring teammates to thrive is the other.
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Quicken Loans Reviews

Zippia Official Logo

4.0

Zippia UserFebruary 2021

4.0

Zippia Official LogoZippia UserFebruary 2021

What Do You Like About Working There?

culture, innovative, exciting Show More

What DON'T You Like About Working There?

pace, profit driven, more on performance and less on connection Show More

What Are Your Favorite Benefits/Perks?

opportunity and movement Show More
Zippia Official Logo

5.0

Zippia UserJuly 2020

5.0

Zippia Official LogoZippia UserJuly 2020

What Do You Like About Working There?

Work life balance. Good pay. Support for employees. Voice for employees. Plenty of perks for employees. Show More

What DON'T You Like About Working There?

None Show More

What Are Your Favorite Benefits/Perks?

Health benefits, paid time off and other paid time off. Show More
Zippia Official Logo

1.0

Zippia UserJanuary 2020

1.0

Zippia Official LogoZippia UserJanuary 2020

What Do You Like About Working There?

Perks and benefits Show More

What DON'T You Like About Working There?

Hard work and work ethic does not matter here! They do not care how many hours you put in or how hard you work you will get fired off hear say no questions asked ! Show More

What Are Your Favorite Benefits/Perks?

The free food Show More
Zippia Official Logo

1.0

Zippia UserMay 2019

1.0

Zippia Official LogoZippia UserMay 2019

What Do You Like About Working There?

Nice office. Medical 401k Dental and Vision benefits are second to none. Show More

What DON'T You Like About Working There?

No work life balance. Unattainable sales goals. Predatory Lending practices Show More

What Are Your Favorite Benefits/Perks?

Health, Dental, 401k, Vision, Work from home for some team members. (not easy to acheive) Show More
Zippia Official Logo

1.0

Zippia UserDecember 2018

1.0

Zippia Official LogoZippia UserDecember 2018

What Do You Like About Working There?

Extravagant parties and food Show More

What DON'T You Like About Working There?

Nepotism and nasty politics. No growth. Micromanaged environment Show More

What Are Your Favorite Benefits/Perks?

Insurance and food, parties culture etc Show More
Anonymous review of Quicken Loans

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Quicken Loans Rankings

Quicken Loans is ranked #25 on the Best Companies to Work For in Michigan list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Quicken Loans Salaries

How much does Quicken Loans pay?
The national average salary for a Quicken Loans employee in the United States is $70,526 per year. Employees in the top 10 percent can make over $123,000 per year, while employees at the bottom 10 percent earn less than $40,000 per year.
9.0
Salary Score
Average Employee Earnings

Quicken Loans Salaries By Job Title

The average employee at Quicken Loans earns a yearly salary of $70,526 per year, but different jobs can earn drastically different salaries. Some of the positions that earn high wages at Quicken Loans include software architect, mortgage banker, software engineer, and database administrator. A typical software architect salary at Quicken Loans is $121,259 per year. Some of the other roles at Quicken Loans are guest service representative and cashier. A worker with the title guest service representative at Quicken Loans earns an average salary of $25,730 per year.
Job Title
Title
ascdesc
Average Salarydesc
Software Architect
Salary Range111k - 131k$121k$121,259
Mortgage Banker
Salary Range85k - 125k$103k$103,425
Software Engineer
Salary Range84k - 112k$98k$97,555
Database Administrator
Salary Range87k - 107k$97k$97,028
Interactive Developer
Salary Range88k - 104k$96k$96,409
NET Developer
Salary Range88k - 104k$96k$95,871
Senior Banker
Salary Range74k - 113k$92k$91,981
Data Engineer
Salary Range82k - 100k$91k$91,035
Senior Analyst
Salary Range83k - 96k$90k$90,032
Data Scientist
Salary Range72k - 94k$83k$82,611
$40k
$131k

Quicken Loans Careers

On average, employees at Quicken Loans stay with the company for 1.5 years. Employees most commonly join Quicken Loans after leaving Bank of America. When they leave Quicken Loans, they most frequently get their next job at Wells Fargo.

Average Length of Employment

LendingTree
2.7 years
Quicken Loans
1.5 years
loanDepot
1.2 years

Top Employers Before Quicken Loans

Top Employers After Quicken Loans

Quicken Loans Employee Demographics

9.7
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Quicken Loans Employees Education

Of the 10,000 employees at Quicken Loans, 14.2% attended Wayne State University. Employees at Quicken Loans most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Help us make this company more transparent.

Quicken Loans Employee Political Affiliation

Quicken Loans employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Quicken Loans employee was by Shawn Krause. Shawn Krause donated $402,205 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Shawn KrauseBanking
Shawn Krause
Banking
Banking
Republican Party
Republican Party
$402,205Republican Party
$402,205
Daniel GilbertChairperson
Daniel Gilbert
Chairperson
Chairperson
Republican Party
Republican Party
$333,100Republican Party
$333,100
Jay FarnerPresident
Jay Farner
President
President
Republican Party
Republican Party
$287,750Republican Party
$287,750
William EmersonBanking
William Emerson
Banking
Banking
Republican Party
Republican Party
$240,500Republican Party
$240,500
Richard ChyetteAttorney
Richard Chyette
Attorney
Attorney
Republican Party
Republican Party
$130,500Republican Party
$130,500
Robert WaltersExecutive Vice President
Robert Walters
Executive Vice President
Executive Vice President
Republican Party
Republican Party
$89,000Republican Party
$89,000
Robert Walters JrExecutive Vice President
Robert Walters Jr
Executive Vice President
Executive Vice President
Republican Party
Republican Party
$83,300Republican Party
$83,300
DAN GilbertChairperson
DAN Gilbert
Chairperson
Chairperson
Democratic Party
Democratic Party
$78,150Democratic Party
$78,150
Lindsay GrossMortgage Banker
Lindsay Gross
Mortgage Banker
Mortgage Banker
Republican Party
Republican Party
$65,800Republican Party
$65,800
David CarrollVice President
David Carroll
Vice President
Vice President
Republican Party
Republican Party
$65,750Republican Party
$65,750
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Quicken Loans Employment Videos

Quicken Loans Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1985

Organization type

Private

How Would You Rate The Company Culture Of Quicken Loans?

Have you worked at Quicken Loans? Help other job seekers by rating Quicken Loans.

Quicken Loans Competitors

Some of the competitors of Quicken Loans are LendingTree, loanDepot, and New Penn Financial. Employees at LendingTree earn more than most of the competition, with an average yearly salary of $83,192. The salaries at loanDepot average $70,245 per year, and the salaries at New Penn Financial come in at $67,090 per year.
Companydesc
Average Salarydesc
LendingTree
Salary Range61k - 112k$83k$83,192
loanDepot
Salary Range53k - 92k$70k$70,245
New Penn Financial
Salary Range55k - 81k$67k$67,090
Residential Finance
Salary Range47k - 93k$67k$67,079
American Mortgage
Salary Range54k - 82k$67k$66,786
First Mortgage
Salary Range52k - 82k$66k$65,610

Gateway Mortgage Group

Salary Range47k - 84k$64k$63,704
Allied Mortgage Group
Salary Range49k - 80k$63k$63,383
GMAC Mortgage Group
Salary Range48k - 78k$62k$62,023

The Federal Savings Bank

Salary Range44k - 82k$60k$60,351
$25k
$112k

Frequently Asked Questions about Quicken Loans

When was Quicken Loans founded?

Quicken Loans was founded in 1985.

How many Employees does Quicken Loans have?

Quicken Loans has 10,000 employees.

How much money does Quicken Loans make?

Quicken Loans generates $5.5B in revenue.

What industry is Quicken Loans in?

Quicken Loans is in the finance industry.

What type of company is Quicken Loans?

Quicken Loans is a private company.

Who are Quicken Loans's competitors?

Quicken Loans competitors include LendingTree, First Mortgage, loanDepot, The Federal Savings Bank, RocketLoans, Residential Finance, Countrywide Home Loans, American Equity Mortgage, American Mortgage, GMAC Mortgage Group, American Home Mortgage, Peoples Bank, Freedom Mortgage, Allied Mortgage Group, BMO Harris Bank, WASHINGTON MUTUAL CARD SERV, New Penn Financial, Waterfield Financial, First Choice Bancorp, Gateway Mortgage Group.

Who works at Quicken Loans?

Bob Quickenloans.Com (president)

Jay Farner (ceo)

Where is Quicken Loans's headquarters?

Quicken Loans's headquarters is in Detroit, MI.

Are You An Executive, HR Leader, Or Brand Manager At Quicken Loans?

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Quicken Loans, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Quicken Loans. The employee data is based on information from people who have self-reported their past or current employments at Quicken Loans. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Quicken Loans and its employees or that of Zippia.

Quicken Loans may also be known as or be related to QUICKEN LOANS INC, Quicken Loans, Quicken Loans Inc and Quicken Loans Inc.