LendingTree vs Quicken Loans

LendingTree and Quicken Loans both provide educational resources and mortgage products for prospective borrowers. But the companies differ in a major way: Quicken Loans is a standalone online mortgage lender, and LendingTree is an online marketplace displaying multiple lender offers.  
LendingTree logo verified_user
#11 LendingTree
4.2 Overall Score
2
starstarstar_borderstar_borderstar_border
(2)
Quicken Loans logo verified_user
#2 Quicken Loans
8.3 Overall Score
3.4
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(93)

Overview

LendingTree

Quicken Loans

Coverage
Coverage
50
50
Minimum Down Payment For Conventional Loan
Minimum Down Payment For Conventional Loan
Undisclosed
3%
Minimum Credit Score Accepted
Minimum Credit Score Accepted
Undisclosed
620
Time In Business
Time In Business
23 Years
34 Years

Ratings

LendingTree

Quicken Loans

Overall Score
Overall Score
4.2 of 10
8.3 of 10
Review Score
Review Score
2.0
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3.4
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Value for Money
Value for Money
5.0
starstarstarstarstarstar_half
3.6
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Quality of Product or Service
Quality of Product or Service
3.0
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3.4
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Customer Service
Customer Service
3.0
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3.4
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Company Trustworthiness
Company Trustworthiness
2.0
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3.4
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Likely to Recommend
Likely to Recommend
0.0 of 10
5.4 of 10

Reviews

LendingTree

Quicken Loans

Number of Reviews
Number of Reviews
2
93
Review Breakdown
Review Breakdown
2.0
starstarstar_borderstar_borderstar_border
5star
0%
4star
0%
3star
50%
2star
0%
1star
50%
3.4
starstarstarstar_halfstar_border
5star
48%
4star
9%
3star
11%
2star
1%
1star
31%

Reviews for LendingTree

Helpful Favorable Review

starstarstarstar_borderstar_border
Jordan Priest
November 1st, 2018 West Jordan, UT DETAILS
Value for your money
starstarstarstarstar
Quality of product or service
starstarstarstar_borderstar_border
Customer service
starstarstarstar_borderstar_border
Company trustworthiness
starstarstar_borderstar_borderstar_border

My initial experience with Lending tree was awesome. I quickly had 6 mortgage companies, very professionally, contact me and was able to choose the one that best fit my needs. However, I'm still getting calls 1 year later, lots of calls.


Helpful Critical Review

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Tualagi
August 29th, 2018 Saint George, UT

Lengthy application. They advertise bad credit, no credit they still will get us approved. That is not true. I was declined a few times. Then i kept getting phone calls / voice mail from Lending Tree saying i have been approved which is totally false.


Reviews for Quicken Loans

Helpful Favorable Review

starstarstarstarstar
Jennifer A Wilson
September 9th, 2019 Tullahoma, TN DETAILS
Value for your money
starstarstarstarstar
Quality of product or service
starstarstarstarstar
Customer service
starstarstarstarstar
Company trustworthiness
starstarstarstarstar

Loved quicken.. we had no issues at all, gave them everything they needed when they asked and stayed in touch with our team. Closed on time with no issue. Will use them again Creighton and the team where amazing..


Helpful Critical Review

starstar_borderstar_borderstar_borderstar_border
Reese
October 1st, 2019 Georgetown, CO DETAILS
Value for your money
starstarstarstarstar_border
Quality of product or service
starstarstarstarstar_border
Customer service
starstar_borderstar_borderstar_borderstar_border
Company trustworthiness
starstar_borderstar_borderstar_borderstar_border

We had a loan through quicken loans and had it set up on auto payment withdrawal. We decided to do a refinance through quicken loans. We closed on the refinance on September 21st. They took an auto payment withdrawal on September 27th for the closed loan. We called an we now have to wait 2-3 weeks to get the $1000 back!!!


The Final Word

Both companies are convenient to work with, provide information quickly, and offer an array of traditional and government-backed mortgage products to borrowers in all 50 states. 

LendingTree has the edge over Quicken Loans when it comes to shopping around for the best deal because consumers can view multiple home loan offers simultaneously and for free, including interest rates, APRs, and payment specifics. 

The downside to providing your contact information with LendingTree and connecting with multiple companies is the chance lenders will continue calling long after you've secured a mortgage. With Quicken Loans, you can streamline most of the communication required via the Rocket Mortgage mobile app. 

top choice

Quicken Loans
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