Pros
The best reasons to work for Quicken Loans are the culture, empowerment and benefits. Compared to other companies I have looked into, Quicken Loans seems to have pretty good benefits, including 401k, health insurance, dental insurance, eye coverage, etc. Recently, some of the benefits have been cut back, the company eliminated computer loans, internet reimbursement, gym reimbursement, tuition reimbursement and increased the out of pocket fees that employees pay for health benefits. Overall, there are still good benefits at the company, they're just not extraordinary like they used to be back in the day. It would be nice to see some of these things come back.
Cons
One of the biggest downsides to working at Quicken Loans right now is the state of the mortgage industry as a whole. Recently there have been a lot of cutbacks at the company which have been the result of the declining housing market. Revenue is down in the industry, and as a result there were layoffs at the company. Unfortunately, an unstable financial environment can lead to some worry about job stability, and considering there have already been rounds of layoffs, it's hard to tell if or when another one will be coming along. Hopefully things turn around soon in the market.
