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Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

After having to switch from the exploding rocket to a local broker to get one closed; hopefully never ever again!

May 15, 2016 09:43 PM
Ambassador
3,339,454
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

No. Never.  I would not work with a buyer using Quicken Loans. Adding to that ... what Barbara Todaro said ... my lending partner right here in the Rain. 

May 16, 2016 09:33 AM
Ambassador
1,022,123
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Oh, oh - pick me! pick me!

I hated them! They took six months to close a deal that should have been a slam dunk. 

Then I had three clients who I almost refused to work with who had been preapproved with Quicken. I wasn't sure I could deal with them. Every deal ended up being smooth as glass.

Here's what I learned . . . if you have great credit and are detail oriented, then Quicken works well. If you are (like so many of our clients) a little disorganized, don't have perfect credit, or don't have perfect documentation, Quicken may not be the way to go. 

If it's something out of the ordinary like an unwarrantable condo, I'd sure talk to someone at Quicken and get assurances before I'd jump on that boat. They're either great or they suck big time. 

How's that for clarity? 

May 16, 2016 08:30 AM
Rainmaker
1,046,614
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I've heard good and bad from among you guys. I've never had the pleasure locally. We suggest our clients use local lenders. As a broker, known local PQs go to the top of the pile. We like our lenders within choking distance. 3:)

May 16, 2016 01:28 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, we send our business to lenders who we know and trust....

May 16, 2016 12:36 AM
Rainmaker
987,152
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I just did one - and was actually impressed it went very smoothly!

May 15, 2016 09:48 PM
Rainmaker
823,379
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

No, but have heard poor reviews from a few of my associates.

May 15, 2016 09:44 PM
Rainmaker
7,792,559
Roy Kelley
Retired - Gaithersburg, MD

No. Good luck!

May 15, 2016 09:19 PM
Ambassador
6,356,194
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I doubt that I would be confident in an offer with these guys financing it.

Jun 19, 2017 09:48 PM
Rainmaker
5,850,101
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have only heard back experiences with Quicken or Rocket Loans.

May 19, 2016 12:05 AM
Rainmaker
4,974,928
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Actually I was very leery but this local loan officer with Quicken Loans actually did a great job!

May 16, 2016 09:43 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Peter Mohylsky - the only one was another online company - and the closing was delayed by about a month or so....no experience with Quicken - yet.

May 16, 2016 03:22 PM
Ambassador
3,160,209
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I did, it closed,  it wasn't pretty and my buyers spent more than they were initially told, but it did close and on time

May 16, 2016 02:44 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

My last one whech I warned the buyer about...closed after 2 delays fom quicken and cost the buyers over $1000 because of the delay

May 16, 2016 01:21 PM
Ambassador
3,727,581
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Isn't Quicken sort of  like a lead seller for lenders?  And I've never had a buyer use them.

May 16, 2016 12:44 PM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

A+ buyers with excellent scores and income can utilize Quicken loans to their advantage. If you are an average buyer, be prepared for the unexpected. Take the lead and cross qualify them with a local respected lender.

May 16, 2016 08:56 AM
Rainmaker
2,809,749
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Not recently, Peter. After a complete disaster years ago, we have luckily never run across them again.

May 16, 2016 07:22 AM
Rainmaker
1,209,215
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

I despise Quicken.  

May 16, 2016 06:11 AM
Rainer
225,526
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I've been researching them for several months, and their rates are not even in my top 15 lenders. Pricing on a 30 year fixed is 1.35 points higher than my best lender. That's not even close. I've heard they also steal your customers. I'll still watch them, maybe they will get better, but f or now, I won't use them.

 

 

May 16, 2016 05:05 AM
Rainmaker
1,498,438
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nothing in the last 10 years.  In the way back machine, they were good.  Now, dunno.

May 16, 2016 03:54 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They always say they can do it.  Though, they only do well at conventional straightforward loans and probably won't be able to close this one.

May 16, 2016 03:51 AM
Rainmaker
4,901,121
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

been awhile since I had a deal with them.

May 16, 2016 01:44 AM
Ambassador
1,074,261
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Quicken is a mixed bag --- for a standard loan, it's hit or miss - since it's largely a call center operation, the LO could be OK or a complete idiot, you never know.

 

For an unwarrantable condo, though?  I'd definitely check out other options.

May 16, 2016 01:38 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

I have heard both sides of the story, good and bad.  A

May 16, 2016 12:40 AM
Rainer
69,794
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

I've never seen one close on time! 

May 16, 2016 12:16 AM
Rainmaker
108,016
Scott Lawson
America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA
Mortgage Broker FHA, VA, refinance or purchase

If it's truly unwarrantable, Quicken won't be able to do it. You need a broker with non-QM products in their arsenal..

May 15, 2016 11:48 PM
Rainmaker
1,722,826
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

No; we have had two transactions implode in the past with Quicken and will no longer accept an offer showing Quicken as the financing company.

May 15, 2016 10:55 PM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Actually closed... No

May 15, 2016 10:47 PM
Rainmaker
536,943
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

No. But did have a buyer to get an equity line thee and then she paid cash.

Quicken is enticing with a lower interest rate for buyers.  An agent in our office is working with them. Anxious to see how this works out.

May 15, 2016 10:46 PM
Rainmaker
3,340,393
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

 We are local loan people...we have not but know of people who have...the far away not local folks can spell closing trouble...and has for other people we know...so we just stay away...far far away.

May 15, 2016 10:33 PM
Rainmaker
4,554,044
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Not recent. It was about two years ago and the transaction closed on time without any issues once the offer was accepted.  I suggested and buyer agreed to two mortgage pre-approvals which proved to be important in a multiple offer situation.   

May 15, 2016 10:28 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

no

May 15, 2016 10:26 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

May 15, 2016 09:33 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

No.

May 15, 2016 09:33 PM
Rainmaker
849,841
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I held my breath the entire time but am happy to report that we closed last Friday. 

May 15, 2016 09:22 PM