1. LendingTree vs Quicken Loans

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
#15 LendingTree
4.2 Overall Score
1
starstar_borderstar_borderstar_borderstar_border
(1)
Quicken Loans logo verified_user
#2 Quicken Loans
8.4 Overall Score
3.2
starstarstarstar_halfstar_border
(144)

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
8.4 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
3.2
starstarstarstar_halfstar_border
Company Trustworthiness
Company Trustworthiness
0.0
starstarstarstarstar
3.2
starstarstarstar_halfstar_border
Likely to Recommend
Likely to Recommend
0.0 of 10
5.3 of 10

Reviews

LendingTree

Quicken Loans

Number of Reviews
Number of Reviews
1
144
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
43%
4 star
8%
3 star
8%
2 star
4%
1 star
37%

Reviews for LendingTree

Helpful Favorable Review

None Available

Helpful Critical Review

starstar_borderstar_borderstar_borderstar_border

Tualagi

July 12th, 2020 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

c. Hayden

July 12th, 2020 DETAILS arrow_drop_down
Value for your money
starstarstarstarstar
Quality of product or service
starstarstarstarstar
Customer service
starstarstarstarstar
Company trustworthiness
starstarstarstarstar

This was the easiest mortgage i have ever done. The quicken loan team i had was out in Michigan and they were outstanding during the hole process, it was all so easy and the whole process did not require that i had to leave my home to do anything.


Helpful Critical Review

starstar_borderstar_borderstar_borderstar_border

Arben Gjeka

July 12th, 2020 Chicago, IL 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
starstar_borderstar_borderstar_borderstar_border
Company trustworthiness
starstar_borderstar_borderstar_borderstar_border

This is the worst company to do business with e going back-and-forth with all kinds of conditions at the end when time came to close they said everything is fine but all of a sudden they said then your income for the last three months of this year does not match the income for the first three months of the prior year waste of time and patience


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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