Christopher Alt
Newton, MAMember since April 2018

Reviews (1)


    • Apr 25, 2018
    • Verified Reviewer

    Rocket Mortgage

    Charged unjustified $250 loan subordination fee at closing on Quicken Loan

    Overall Experience:

    Generally, the process was OK, although very slow.

    At closing, I got hit with a $250 fee for a loan subordination fee when no loan was subordinated. I complained to my rep who didn't fix the issue.

    I sent a certified letter with my complaint to Jay Farner, Quicken CEO on 4/12/18. No response yet. If I don't hear back from Farner and get a rebate on this $250, I intend to take legal action against Quicken as well as filing complaints with the Better Business Bureau, the Consumer Financial Protection Bureau, and other regulatory entities.

    Bottom Line: No, I would not recommend this to a friend

    2 people found it helpful

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