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
#14 LendingTree
4.2 Overall Score
1
starstar_borderstar_borderstar_borderstar_border
(1)
Quicken Loans logo verified_user
#2 Quicken Loans
9.1 Overall Score
3.2
starstarstarstar_halfstar_border
(124)

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
24 Years
35 Years

Ratings

LendingTree

Quicken Loans

Overall Score
Overall Score
4.2 of 10
9.1 of 10
Review Score
Review Score
1.0
starstar_borderstar_borderstar_borderstar_border
3.2
starstarstarstar_halfstar_border
Value for Money
Value for Money
0.0
starstarstarstarstar
3.4
starstarstarstar_halfstar_border
Quality of Product or Service
Quality of Product or Service
0.0
starstarstarstarstar
3.3
starstarstarstar_halfstar_border
Customer Service
Customer Service
0.0
starstarstarstarstar
3.3
starstarstarstar_halfstar_border
Company Trustworthiness
Company Trustworthiness
0.0
starstarstarstarstar
3.3
starstarstarstar_halfstar_border
Likely to Recommend
Likely to Recommend
0.0 of 10
5.5 of 10

Reviews

LendingTree

Quicken Loans

Number of Reviews
Number of Reviews
1
124
Review Breakdown
Review Breakdown
1.0
starstar_borderstar_borderstar_borderstar_border
5 star
0%
4 star
0%
3 star
0%
2 star
0%
1 star
100%
3.2
starstarstarstar_halfstar_border
5 star
44%
4 star
9%
3 star
9%
2 star
4%
1 star
34%

Reviews for LendingTree

Helpful Favorable Review

None Available

Helpful Critical Review

starstar_borderstar_borderstar_borderstar_border

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

Gregory Talley

March 24th, 2020 Chesapeake, VA DETAILS arrow_drop_down
Value for your money
starstarstarstarstar
Quality of product or service
starstarstarstarstar
Customer service
starstarstarstarstar
Company trustworthiness
starstarstarstarstar

Not pushy. Take great care of Veterans and our family, and take care of a lot of fees. Great rates. They are all very courteous. Excellent communicators. They are the best and won't sell your loan to another company.


Helpful Critical Review

starstar_borderstar_borderstar_borderstar_border

Gita

March 26th, 2020 Los Angeles, CA DETAILS arrow_drop_down
Value for your money
starstar_borderstar_borderstar_borderstar_border
Quality of product or service
starstar_borderstar_borderstar_borderstar_border
Customer service
starstarstar_borderstar_borderstar_border
Company trustworthiness
starstar_borderstar_borderstar_borderstar_border

Stay away from QuickenLoan becausr price gouging with over charging the closing cost without informing you in the beginning. The banker made everything looked perfect by manipulating the numbers. He rest assure all the cost after running my score and all of a sudden at the time of signature i figured that he hid $12,000.- cost. Waste of time, no integrity and misleading information. Watch out, go to other lender. This co. Is not trustworthy.


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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