Information Disclaimer: Not Your Loan Servicer (Read More)

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Quicken Loans Inc. Loan Modification

Get Help With Your Quicken Loan Modification

Talk To A Specialist Who Knows How To Deal With A Quicken Mortgage.

Get Help With Your Quicken Loan Modification

Talk To A Specialist Who Knows How To Deal With A Quicken Mortgage.

Quicken Loan Modification Process

Quicken Loans Inc. have the similar to other companies typical Loan Modification procedure:

  1. Interview By Phone Similar to the other companies the loan modification procedure of Quicken Loans also starts with a phone interview with the agent from customer servicing agent.
  2. Package Submission After the phone interview you will be required to submit the Quicken Request for Mortgage Assistance package with the supporting documents and finances.
  3. BPO  (Broker’s Price Opinion) Sometimes it is necessary to obtain a valuation of the property for this a Broker’s price opinion is obtained. Sometimes Automatic valuation model is used for this purpose.
  4. Negotiations The new terms are negotiated which are the most suitable for the both parties and are sent to underwriting for approval.
  5. Modification Approval/Decline The servicer responds on behalf of the client about the approval or decline of the modification application.

We are sorry to say but the loan modification process with Quicken Loans is never easy. We Absolute Consultant Group (ACG) are a company that support the homeowners through the loan modification process. It is normal for the company to give you the runaround during the loan modification process. Often the company will request the same documents again and again. You will be often given the runarounds from department to department. The Quicken loan modification department often transfers the customers to the servicing department and it sends them back to the loan modification department. It is much better to come to our staff rather than submitting the wrong information, getting denied or not being able to figure out what to do and can save you a lot of trouble. Our staff is available to review your paperwork and to help you step with the best foot forward. Call us at 888-934-3444.

Quicken Loan Modification Timeline

A lot of bureaucracy is involved in a company like Quicken. Due to this the timeline of Quicken loan modification varies due to reasons that sometimes are very straight but sometimes they are very complicated. Here are a few reasons why the answers to this question are such complicated.

For one, Quicken Loans is a company that only provides servicing of mortgage notes and they are always reqpresenting debt on someone’s else behalf. This has a huge effect on the decision taking capability of the company. As a home loan servicing company they follow the Pooling and Servicing Agreement (PSA), This serves like an agreement between all institutions. The company is allowed to take a few of the decisions on behalf of the investor but not all the decisions. This means that they have to get permision from the investor for every loan modification that they want to make. Certain investors take the process of making decision and do it themselves. In this kind of regulated business the more hands involved the longer it takes in processing leaving Quicken’s hands tied.

Another issue, The timeline depends on the priority of the application. The company prioritizes the applications that are received first. The company mostly works on the first come first serve basis but it also depends on if you have a foreclosure date that is very near in the future. If you have a foreclosure date that is near in the future then it is likely that your application will be pushed to the front of the line and considered sooner for the mortgage assistance. It must be kept in mind that the institutions like Quicken have foreclosure dates for almost every day. Due to this the process does not go forward as quickly as you want it to.

  • Lastly, All mortgages are not created equal. There are a large number of mortgage programs each having different terms and regulations about how they will modify your loan. Usually, if the client does not qualify for the first program they are tried for the next one. This process goes on untill they find the mortgage solution that works. Departments are very specialized due to these conditions so many times different representatives handle different parts of the review.

Quicken‘s Mortgage Loan Modification Timeline Conclusion: While we would like to give an exact modification timeline to our valued customers but it varies greatly customer to customer. It depends on whether the servicer can take the decision themselve or they have to send it to the investor for approval. It depends on whether you fit the first program you are reviewed for or the 10th or 11th. It also depends on the factors from outside the bank such as how fast they can get the valuation on the property and how fast they receive the legible documents.

If Your Quicken Loan Modification Has Been Denied. It May Not Be Too Late

 

Dealing With A Quicken Loan Modification Decline

Have you been declined by Quicken? Has Quicken denied your request for Home Loan Modification. The Decline can be confusing. Understanding the details of all the plans and how that conflicts with your information is key. Here at ACG we have dozens of points we review in order to understand why your Quicken Mortgage loan modification was rejected. Have us review your declined modifcation for free by calling us at 888-934-3444.

Additional Quicken Mortgage Contact Information

Quicken Customer Service

Quicken Home Mortgage Complaints

 

Quicken Loans Inc. Loan Modification Reviews

Quicken Loan Modification Complaints

Quicken is a large company and the rules are literally changing every day. There are a lot of departments and even more hands in the pot of each case that making it through the system can be a real drag. It doesn’t have to be though and that’s where we come in. Give us a call and see how we can help you with your loan modification. Call 888-934-3444.

Quicken 1 Star Reviews

Quicken 1 Star Review:

Was pre-approved by Nicole **. 3 months looking… All set. Dennis ** called and said no. Then lied about rejections. I have proof of all of this. She led me on. He ended it by lying. Absolutely NO DEBT. EXCELLENT CREDIT. DOWNPAYMENT. PROOF OF INCOME… DENIED.

Karen, Columbiaville, NY

Quicken 1 Star Review:

This company took me through an exercise that did nothing but waste my time and take my money. There was absolutely nothing about my finances that wasn’t disclosed from the onset concerning my accounts, debt, credit score, and after we completed all of the process to get to closing. At the last possible second they completely changed the terms of the loan, and told us that we would need $22,000 in cash to close. They took a $500 dollar payment from me, required me to pay for an appraisal, and then pulled this in the end. I will never do business with them again, and I will warn everyone I know to stay clear.

Bradley, Plano, TX

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

Quicken 1 Star Review:

I read all the horrible reviews for this company. I made the mistake of thinking that they had improved in the last year or two but I was mistaken. I am getting a small home improvement loan to enlarge and improve my lovely California home. First I spoke to Justin, then Jorden, then he was on vacation and I spoke to another kid. Just ridiculous. In any case now I am working with a local lender. All fees upfront, no hidden costs etc. Perfect credit and I have bought and sold 15 homes in my 65 year old life. Thanks to all the people here that helped me dump this company and get some peace of mind. I can now sleep peacefully and relax. Thanks again!

Hillary, Scottsdale, AZ

1 Star Situations Happen Every Day

 

ACG 5 Star Reviews

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well. Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start. Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group! Daniel, Santa Clarita, CA

You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Quicken Mortgage

You Know You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Quicken Mortgage.

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