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Working at Quicken Loans

Zippia score 4.1

Overview

SalaryRevenueLocationsReviewsHistoryDemographicsCompetitorsCEO & ExecutivesInternships

Quicken Loans overview

Industry
Financial Services
Revenue
$12.9B
Headquarters
Employees
17,000
Founded in
1985
Website
Organization type
Public
CEO
Jay Farner
Social media

Quicken Loans is a finance company focusing on mortgage lending, refinancing, and home loan services. Founded in 1985, it has become America's largest online lender, with a commitment to providing world-class client service as a direct lender. The company has helped over 2 million American families finance their homes, closing more than $80 billion in loans in 2013 alone. Quicken Loans is headquartered in Detroit, Michigan, and is led by CEO Jay Farner.

The company has a diverse workforce of 46.3% female and 32.7% ethnic minorities. However, it lacks political diversity, with a high proportion of employees being members of the Democratic Party. Quicken Loans has an employee base of 17,000 workers and creates an annual revenue of $15.7 billion. The firm prides itself on stability and reliability in the finance industry while offering competitive salaries and fostering a strong company culture through its informative blog, Zing!

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2.7/5

Quicken Loans employee reviews

Based on 10 ratings

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Quicken Loans employee reviews

Quicken Loans employee reviews
2.7/5

Based on 10 ratings

Work at Quicken Loans? Share your experience.
Employee reviews
profile
2.0
A zippia user wrote a review on Jun 2021
Pros of working at Quicken Loans

Great jobs for others, but not for me. Fantastic team

Cons of working at Quicken Loans

The overtime was not meant for me. Had to work fourteen 10 hour days in a row before getting a 2 day weekend.

Quicken Loans benefits

Great leaders, amazing coffee

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4.0
A zippia user wrote a review on Jun 2021
Pros of working at Quicken Loans

Work life balance

Cons of working at Quicken Loans

Nothing bad to say

Quicken Loans benefits

Working from home, great retirement plan and vacation time

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4.0
A zippia user wrote a review on Jun 2021
Pros of working at Quicken Loans

Culture is great most of the people are awesome you can earn money by working harder

Cons of working at Quicken Loans

No work life balance. Provide vacation time but is hard to actually get them to let you use it

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4.0
A zippia user wrote a review on May 2021
Pros of working at Quicken Loans

Flexibility, support from leadership, the people

Cons of working at Quicken Loans

Long hours

Quicken Loans benefits

Working from home

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4.0
A zippia user wrote a review on Feb 2021
Pros of working at Quicken Loans

culture, innovative, exciting

Cons of working at Quicken Loans

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

Quicken Loans benefits

opportunity and movement

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5.0
A zippia user wrote a review on Jul 2020
Pros of working at Quicken Loans

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

Cons of working at Quicken Loans

None

Quicken Loans benefits

Health benefits, paid time off and other paid time off.

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1.0
A zippia user wrote a review on Jan 2020
Pros of working at Quicken Loans

Perks and benefits

Cons of working at Quicken Loans

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 !

Quicken Loans benefits

The free food

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1.0
A zippia user wrote a review on May 2019
Pros of working at Quicken Loans

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

Cons of working at Quicken Loans

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

Quicken Loans benefits

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

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1.0
A zippia user wrote a review on Dec 2018
Pros of working at Quicken Loans

Extravagant parties and food

Cons of working at Quicken Loans

Nepotism and nasty politics. No growth. Micromanaged environment

Quicken Loans benefits

Insurance and food, parties culture etc

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The team at Quicken Loans

  • The founders of Quicken Loans are Dan Gilbert and Gary Gilbert.
  • The key people at Quicken Loans are Jay Farner, Dan Gilbert and Gary Gilbert.
Key people
Jay Farner
Dan Gilbert
Gary Gilbert

Quicken Loans rankings

Quicken Loans is ranked #62 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

Average Quicken Loans salary
$48,006
yearly
$23.08 hourly
Updated March 14, 2024

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Quicken Loans diversity

9.8
Diversity score
We calculated Quicken Loans’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Quicken Loans’s workforce.
Quicken Loans diversity summary. Zippia estimates Quicken Loans's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Quicken Loans's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Quicken Loans's workforce.
  • Quicken Loans has 17,000 employees.
  • 46% of Quicken Loans employees are women, while 54% are men.
  • The most common ethnicity at Quicken Loans is White (67%).
  • 10% of Quicken Loans employees are Black or African American.
  • 10% of Quicken Loans employees are Hispanic or Latino.
  • The average employee at Quicken Loans makes $48,006 per year.
  • Quicken Loans employees are most likely to be members of the democratic party.
  • Employees at Quicken Loans stay with the company for 2.7 years on average.

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Quicken Loans office locations

Quicken Loans is headquartered in Detroit, MI

Quicken Loans financial performance

9.8
Performance score

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

Quicken Loans currently has 3.4B in revenue. Quicken Loans's most recent quarter produced 914.2m (q2'2023).

Quicken Loans annual revenue

$13B
$10B
$8B
$5B
$3B
$0
2019
2020
2021

Highest paying Quicken Loans competitors

Compare Quicken Loans salaries to competitors, including Homesite Mortgage, Tradition Mortgage, and The Money Source. Employees at Homesite Mortgage earn the highest average yearly salary of $65,873. The salaries at Tradition Mortgage average $65,011 per year, and the salaries at The Money Source come in at $62,363 per year.
RankCompanyAverage salaryJobs
1$65,8730
2$65,0110
3$62,3630
4$60,8420
5$60,1100
6$58,4860
7$53,6420
8$51,3230
9$50,4400
10$50,3050
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    Updated March 14, 2024

    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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. None of the information on this page has been provided or approved by Quicken Loans. 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, Quicken Loans Inc, Quicken Loans Inc., Quicken Loans, Inc. and Quicken Loans, LLC.