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Average Salary for Quicken Loans Employees

Change Country United States » Employer Name » Quicken Loans Overview » Quicken Loans Salary
Updated: 12 Apr 2014
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About This Company
Quicken Loans
Headquarters:
Detroit, Michigan United States
Year Established:
1985
Industries:
mortgage servicing
Number of Employees:
7000
About:
Quicken Loans is the fourth largest retail mortgage lender in America and the largest one online. Originally called Rock Financial Corporation, the company was founded by Dan Gilbert, Gary Gilbert, and Lindsay Gross. Based in Detroit, Michigan, the company includes QuickenLoans.com, Rock Financial, One Reverse Mortgage, and Title Source. In 2010, Quicken Loans handled nearly $29 billion in residential mortgage loans. It quickly became one of the largest mortgage businesses in the nation.
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How This Employer Pays
Quicken Loans typically pays its employees
-2%
below market
Similar employers pay their employees:
2%
above market
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 11 Quicken Loans votes.
Employer Rating
national salary data
Employer: Quicken Loans
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$140K$280K$420K
[-]Mortgage Banker (10)
$20,940 - $397,313  
   
[-]Mortgage Banker (10)
Salary$19,128 - $86,610  
   
Bonus$590 - $26,634  
Commission$7,964 - $99,251  
Total Pay$20,940 - $397,313  
[+]Business Analyst, IT (5)
$41,846 - $85,076  
   
[+]Business Analyst, IT (5)
Salary$42,812 - $77,249  
   
Bonus$1,305 - $11,889  
Total Pay$41,846 - $85,076  
[+]Mortgage Loan Officer (5)
$27,630 - $110,028  
   
[+]Mortgage Loan Officer (5)
Salary$22,809 - $90,331  
   
Bonus$398.09 - $22,822  
Total Pay$27,630 - $110,028  
[+]Underwriter (5)
$33,129 - $79,987  
   
[+]Underwriter (5)
Salary$33,012 - $75,352  
   
Bonus$591 - $11,146  
Total Pay$33,129 - $79,987  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
PayScale
Country: United States | Currency: USD | Updated: 12 Apr 2014 | Individuals Reporting: 108

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Quicken Loans Bank of America Corp. (BOFA) General Motors Corporation
Job Satisfaction (?
XThe job satisfaction faces show how satisfied employees are with their job at a particular employer, relative to other employers. For example, when all five faces appear smiling, that doesn't mean all employees at that employer are "Extremely satisfied," but it does mean a significant majority are "Extremely satisfied" compared to workers at other employers.
)
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Typical Benefits Healthcare BenefitsDental BenefitsVision Benefits Healthcare BenefitsDental BenefitsVision Benefits Healthcare BenefitsDental Benefits
Popular Perks 401(k), Casual dress, Paid holidays & vacation 401(k), Paid holidays & vacation, Paid sick leave 401(k), Paid holidays & vacation, Life insurance / disability

alumni
Key Statistics for Quicken Loans

Gender
Female
31%
female alumni
 
Male
69%
male alumni
Salary:$36,860 - $79,520 $39,528 - $81,881
Years of Experience
Less than 1 year
13%
1-4 years
48%
5-9 years
18%
10-19 years
15%
20 years or more
5%
Top Degrees
Bachelor's Degree
35 salaries
$24,080 - $106,253

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