There appeared some reports of Quicken Loans ripoff and scam on online forums and complaints websites as well in 2010. However, these are far less in number than those related to some of the big names in the mortgage industry. Moreover, the client relations team of the company is quick to respond most of these scam reports and ripoff stories with an objective to help the troubled consumers. It reflects their genuine desire to maintain their reputation by putting an end to any attempt of scam or ripoff perpetrated inadvertently by any of its employees.
Quicken Mortgage Complaints
Most Quicken mortgage complaints originate from the state of Michigan where the company has its headquarters. Consumers sharing their experiences online through a blog or forum usually find faults with the appraisal practices and the good faith deposits they charge for loan processing. There are reports of taking money as fees and not returning the same in case of withdrawal or refusal. People also complain that the actual closing cost figures in some cases do not match with what the loan officer has quoted at the start.
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