Quicken loans has been a nation-wide direct lender for over 26 years and claims to make your mortgage refi the easiest thing you’ll ever do.
JD Power & Associates ranks Quicken Loans as having the highest customer satisfaction for primary mortgage loan origination; however, what about junk fees and closing costs?
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If you’re considering mortgage refinancing with Quicken Loans here’s my Review to help you make an informed decision for your next home loan. (Please note: this is not a sponsored review and I receive no compensation from Quicken Loans whatsoever.) Quicken Loans Inc., is a subsidiary of Rock Holdings Inc., which has dealings in everything from biotech to casinos. The name “Quicken Loans” is a service mark of Intuit Inc., which you might be familiar with from their once popular Quicken personal finance software. They also do business as Rock Financial in Michigan and One Reverse Mortgage in California.
Quicken Loans Review
Quicken loans offers conventional home loans as well as government-backed FHA and VA mortgage loans in all 50 states via their website and toll-free 800 number. According to their parent company, Quicken Loans closed $30 billion dollars in home loans in 2010; and are claiming to be doing even better this year.
Quicken Loans primarily markets their services with television and online advertising utilizing their call center to sell mortgage products. One of the downsides of Quicken Loans is that they require a non-refundable “deposit” from all of their customers. If you’re considering mortgage refinancing with Quicken Loans you will be required to pay this upfront to get the process started.
Quicken Loans Contact Information
On the Web:
Toll-Free Phone Numbers:
20555 Victor Parkway, Livonia, MI 48152
Quicken Loans Opt-Out Information
The company offers a way to opt-out of their marketing efforts if you don’t wish to be contacted by Quicken Loans. You can change your privacy options by calling (800) 863-4332 or by emailing firstname.lastname@example.org.
Quicken Loans Complaints
According to the Better Business Bureau (BBB), Quicken Loans has had 957 complaints during the past three years and closed 220 of those complaints during the last 12 months. Searching Google for “Quicken Loan Complaints” reveals about 463,000 results which may or may not be relevant.
Should you trust your mortgage refinance to Quicken Loans? The best thing to do is comparison shop based on refinance rates and fees including that non-refundable deposit. One of the most common mortgage mistakes is not negotiating fees and closing costs. Before completing mortgage refinancing on the Quicken Loan’s website, be sure to call the toll-free number at (800) 251-9080 and ask for a detailed explanation of all fees. Don’t be afraid to haggle over lender fees and closing costs when dealing with Quicken Loans.
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