Brian
Bloomfield Hills,#2Author of original report
Sat, August 11, 2007
You said it best, QL day's is up. Just look at the Mortgage Meltdown. They will never make it in a market like this. Major layoffs is coming soon! WATCH AND SEE. All you so-called tele-bankers better start wondering what you're going to do with life without QUICKEN. The mall is hiring as well as the Zoo, the zoo is looking for more MONKEYS or Phone MONKEYS. What is the big bad MORTGAGE BANKER going to do closing 2 loans a month? At your pay per loan, a few hundred bucks, you at least 20 loans in that place to make any real money. Also with all the ongoing lawsuits you all don't long. I also hear that PAST CUSTOMERS is getting together for a CLASS ACTION LAWSUIT - I hear the number is HUGE - around a few hundred but growing to the THOUSANDS. Imagine all the people pissed off about having their RATE switched at the last second and not disclosing doc's before telling the customer, Bankers changing INCOME, Bankers creating the customers DOC's in order to close. All the cutting and paste that happens at QUICKEN. I KNOW WHAT HAS, IS, & WILL TAKE PLACE. Contact NKA for more info on a CLASS ACTION LAW SUIT for PAST CUSTOMERS OFF QUICKEN.
Steve
Corona,#3Consumer Suggestion
Fri, August 10, 2007
I compete against Quicken Loans every day on leads that we buy from many different internet lead generators for mortgage inquiries. I love to hear that a homeowner has talked to Quicken 1st even. Why? When I have a conversation with a prospect, I just ask them to compare our discussion against the Quicken telemortgagemarketer's. I ask them at the end of the phone call after I have pulled their credit and secured their consent to order the appraisal, who there would rather handle their single most important financial obligation. You can probably guess the answer to this one. Oh, and by the way, we do not charge ANY money up front. They pay for the appraisal directly to the appraiser at the time of inspection and that is good enough of a commitment for me. Quicken does a huge amount of volume, but just like the Ameriquests, Aegis, Novastars, New Centurys, Seabreezes of the world, their days are pretty much done. Their so-called bankers don't have the experience or knowledge to compete in the "real" mortgage world. Good riddance you guys, ya stucnk up the mortgage biz for long enough.
Watcher
........,#4UPDATE EX-employee responds
Thu, August 09, 2007
I agree with you, they preach all day to us at orientation and in training about, " "Do the Right Thing" and then as soon as you graduate training they teach you about the magical "Green Bar" and how to jack it up as qucik as you can. Instead of "Do the Right Thing" their new ism should be "Do the Green Thing" beacuse thats what they really care about.