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	<title>Comments on: Quicken Loans - How Employees Matter</title>
	<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/</link>
	<description>A weekly stimulant for those who lead</description>
	<pubDate>Thu, 04 Dec 2008 05:17:19 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.0.5</generator>

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		<title>by: Heather</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-45978</link>
		<pubDate>Fri, 20 Jun 2008 04:08:37 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-45978</guid>
					<description>Whether its profit driven or customer service driven....does it really matter?  Every business is clearly doing it to make money.  Its how the world operates.  Since we all need the service, in this case a mortgage.  Isnt it nice to know that your going to recieve great customer service??!!  I NEED my phone electric to be working and on month after month, year after year.  However, when I call about a "billing error", the person on the other end of the phone is usually rude or not understandable.  Furthermore, I've been hung up on many times because the rep was frustrated with my questions or concerns.  My point is, EVERYONE is out to make money, services are not free.  So why not work with someone who respects you and gives you great service....regardless of the reason!</description>
		<content:encoded><![CDATA[<p>Whether its profit driven or customer service driven&#8230;.does it really matter?  Every business is clearly doing it to make money.  Its how the world operates.  Since we all need the service, in this case a mortgage.  Isnt it nice to know that your going to recieve great customer service??!!  I NEED my phone electric to be working and on month after month, year after year.  However, when I call about a &#8220;billing error&#8221;, the person on the other end of the phone is usually rude or not understandable.  Furthermore, I&#8217;ve been hung up on many times because the rep was frustrated with my questions or concerns.  My point is, EVERYONE is out to make money, services are not free.  So why not work with someone who respects you and gives you great service&#8230;.regardless of the reason!
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		<title>by: Job Search Tips and Resources</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-15571</link>
		<pubDate>Fri, 05 Oct 2007 18:36:56 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-15571</guid>
					<description>&lt;strong&gt;Job Search Tips and Resources&lt;/strong&gt;

Sorry, it just sounds like a crazy idea for me :)</description>
		<content:encoded><![CDATA[<p><strong>Job Search Tips and Resources</strong></p>
<p>Sorry, it just sounds like a crazy idea for me <img src='http://www.danmulhern.com/wordpress/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />
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		<title>by: mortgage-calculator.completemortgage</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-13227</link>
		<pubDate>Fri, 07 Sep 2007 16:20:06 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-13227</guid>
					<description>[...] [...] ﻿check out this fantastic analysis at http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/ about [...] [...]</description>
		<content:encoded><![CDATA[<p>[&#8230;] [&#8230;] ﻿check out this fantastic analysis at <a href="http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/" rel="nofollow">http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/</a> about [&#8230;] [&#8230;]
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		<title>by: Steve</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-11288</link>
		<pubDate>Tue, 14 Aug 2007 14:05:39 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-11288</guid>
					<description>Although the head of our capital markets, Bob Walters, said that this is the worst mortgage market in over 20 years and that 30-40% of prospects that could have qualified a few months back now cannot, the management is demanding the same production. If this is not met, they are firing bankers. They are not acknowledging the market conditions, just ranting and raving trying to get bankers to quit so they don't have to pay unemployment claims. It used to be fun coming to work, now everyone hates coming in. Stay tuned!</description>
		<content:encoded><![CDATA[<p>Although the head of our capital markets, Bob Walters, said that this is the worst mortgage market in over 20 years and that 30-40% of prospects that could have qualified a few months back now cannot, the management is demanding the same production. If this is not met, they are firing bankers. They are not acknowledging the market conditions, just ranting and raving trying to get bankers to quit so they don&#8217;t have to pay unemployment claims. It used to be fun coming to work, now everyone hates coming in. Stay tuned!
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		<title>by: Jeff Perry</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-11254</link>
		<pubDate>Tue, 14 Aug 2007 03:59:09 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-11254</guid>
					<description>We are going through a controlled layoff right now. We hired too many people and now we are forcing them out with unrealistic expectations in a brutal mortgage market.</description>
		<content:encoded><![CDATA[<p>We are going through a controlled layoff right now. We hired too many people and now we are forcing them out with unrealistic expectations in a brutal mortgage market.
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		<title>by: K. B. Richardson</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-9643</link>
		<pubDate>Sat, 28 Jul 2007 18:38:06 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-9643</guid>
					<description>But what?... If thats what made sense for the client at that time what should Quicken have done? Not written the loan? Do we blame Credit Card companies for bankruptcy?</description>
		<content:encoded><![CDATA[<p>But what?&#8230; If thats what made sense for the client at that time what should Quicken have done? Not written the loan? Do we blame Credit Card companies for bankruptcy?
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		<title>by: Mark John Hunter</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-800</link>
		<pubDate>Wed, 21 Mar 2007 22:02:42 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-800</guid>
					<description>I have spoken with some state employees who are given far more work than a human can do.  One state MDOT permit writer told me he sits at his desk writing permits, and cannot visit or inspect any site as he is supposed to prior to issuing the permits.  If he visited the sites the permits applications would pile up and never get processed.  

Human services are rationed to inadequate level.  There is not enough time available to provide support for persons who depend on the system.

Another state employee who is an inspector, this year for the first time did not have the time to inspect all facilities he is required to inspect.

And so Michael Bishop says cut more "fat" out of government?????  Remember we are writing about training:  When could there be training; there is not time to do the job?  John Engler never left Lansing.

Mark John Hunter
Alpena</description>
		<content:encoded><![CDATA[<p>I have spoken with some state employees who are given far more work than a human can do.  One state MDOT permit writer told me he sits at his desk writing permits, and cannot visit or inspect any site as he is supposed to prior to issuing the permits.  If he visited the sites the permits applications would pile up and never get processed.  </p>
<p>Human services are rationed to inadequate level.  There is not enough time available to provide support for persons who depend on the system.</p>
<p>Another state employee who is an inspector, this year for the first time did not have the time to inspect all facilities he is required to inspect.</p>
<p>And so Michael Bishop says cut more &#8220;fat&#8221; out of government?????  Remember we are writing about training:  When could there be training; there is not time to do the job?  John Engler never left Lansing.</p>
<p>Mark John Hunter<br />
Alpena
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		<title>by: Mark John Hunter</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-799</link>
		<pubDate>Wed, 21 Mar 2007 21:52:23 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-799</guid>
					<description>Training employees is something I cherished doing, when I was in managment.  To me training is a big part of managment.  However several employers I had experience with saw training as wasted effort.  They wanted to hire fully trained employees and never invest a cent or a minute, in them.  In those cases the "managent" employees were paid only slightly more to have a title, but do exactly the same work, get blamed for any problems, but not given the authority to correct the conditions which invariably and repeatedly lead to the  problems.  I could never explain to those employers that training, and change could improve their profits.  These were people who would march off a cliff, because no one could change their minds.

In the concrete block manufacturing industry I several times met employers who would complain about losing employees after they had trained them.  The employees were hired in at about half of what a trained employees were paid at other companies;  once trained they were not given pay raises, or only small pay raises.  Then the employee would ask for the same or even a little less than what competitors were paying their trained employees.  Those employees were often fired for asking, or if lucky already had an offer in hand.  I heard this from employers and employees so many times, I wondered how it became such a custom.  The position I am thinking of was a cash cow for the employers.  Once that employee was lost, it took at least 3 months, generally longer, to find and give basic training and sufficient expereince to run a production line, so often the loss of the employee meant losing a few months profits for a production line!

I think part of the problem with these employers is too big an ego, and having to be in total control.  That kind of personality can succeed financially, and often they do not, but they can.  The financial success is limited because the benefits of the full ability of their employees can never be realized.  The employer is the only one allowed to think.

Mark John Hunter
Alpena</description>
		<content:encoded><![CDATA[<p>Training employees is something I cherished doing, when I was in managment.  To me training is a big part of managment.  However several employers I had experience with saw training as wasted effort.  They wanted to hire fully trained employees and never invest a cent or a minute, in them.  In those cases the &#8220;managent&#8221; employees were paid only slightly more to have a title, but do exactly the same work, get blamed for any problems, but not given the authority to correct the conditions which invariably and repeatedly lead to the  problems.  I could never explain to those employers that training, and change could improve their profits.  These were people who would march off a cliff, because no one could change their minds.</p>
<p>In the concrete block manufacturing industry I several times met employers who would complain about losing employees after they had trained them.  The employees were hired in at about half of what a trained employees were paid at other companies;  once trained they were not given pay raises, or only small pay raises.  Then the employee would ask for the same or even a little less than what competitors were paying their trained employees.  Those employees were often fired for asking, or if lucky already had an offer in hand.  I heard this from employers and employees so many times, I wondered how it became such a custom.  The position I am thinking of was a cash cow for the employers.  Once that employee was lost, it took at least 3 months, generally longer, to find and give basic training and sufficient expereince to run a production line, so often the loss of the employee meant losing a few months profits for a production line!</p>
<p>I think part of the problem with these employers is too big an ego, and having to be in total control.  That kind of personality can succeed financially, and often they do not, but they can.  The financial success is limited because the benefits of the full ability of their employees can never be realized.  The employer is the only one allowed to think.</p>
<p>Mark John Hunter<br />
Alpena
</p>
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		<title>by: Anonymous</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-756</link>
		<pubDate>Tue, 20 Mar 2007 20:35:35 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-756</guid>
					<description>A good friend of mine went through this training just 2 months ago and there is a reason that they have to train and hire so many people per month.  Its called employee turnover.  

What they didn't say in the training was the extreme hours of telemarketing and cold calling that employees were expected to do and a meager base salary they get to live off of.  

After all of this ideological "fluff" training workers are left with a caffeine headache and the reality of a post collegiate job in a phone bank with an average of $8 per hour in compensation.  

Funny their CEO chose not to address these issues in his training......</description>
		<content:encoded><![CDATA[<p>A good friend of mine went through this training just 2 months ago and there is a reason that they have to train and hire so many people per month.  Its called employee turnover.  </p>
<p>What they didn&#8217;t say in the training was the extreme hours of telemarketing and cold calling that employees were expected to do and a meager base salary they get to live off of.  </p>
<p>After all of this ideological &#8220;fluff&#8221; training workers are left with a caffeine headache and the reality of a post collegiate job in a phone bank with an average of $8 per hour in compensation.  </p>
<p>Funny their CEO chose not to address these issues in his training&#8230;&#8230;
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		<title>by: dan</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-752</link>
		<pubDate>Tue, 20 Mar 2007 19:00:42 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-752</guid>
					<description>Margaret and Susan,
One answer, of course, is to convince the public-legislature that we need to invest more resouces in government work. That is a terribly difficult sell at the moment.
A second answer is that great training beats the either/or: either train or do the work. Great training is relevant and in a very reasonable rate of time begins to save time. Training must be keyed to the work and how to do it more effectively and efficiently. That may be personal skills oreinted training like "time management" or software applications; or it may be more group oriented, e.g., to reduce error rates and save reworking, etc.
Your question is a GREAT question, the absolute RIGHT question: (How) Can we use training to our benefit when work loads are so high? It would be a great question for a staff meeting discussion.
- Dan Mulhern</description>
		<content:encoded><![CDATA[<p>Margaret and Susan,<br />
One answer, of course, is to convince the public-legislature that we need to invest more resouces in government work. That is a terribly difficult sell at the moment.<br />
A second answer is that great training beats the either/or: either train or do the work. Great training is relevant and in a very reasonable rate of time begins to save time. Training must be keyed to the work and how to do it more effectively and efficiently. That may be personal skills oreinted training like &#8220;time management&#8221; or software applications; or it may be more group oriented, e.g., to reduce error rates and save reworking, etc.<br />
Your question is a GREAT question, the absolute RIGHT question: (How) Can we use training to our benefit when work loads are so high? It would be a great question for a staff meeting discussion.<br />
- Dan Mulhern
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		<title>by: Margaret</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-751</link>
		<pubDate>Tue, 20 Mar 2007 18:28:24 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-751</guid>
					<description>I have the same question that Susan asked in the first comment - how do you balance the training needs of your staff with the time they need to be at their desk doing their job?  I am a public servant, working at a Michigan state agency that is under a continually increasing mandate to do more with less.  Every hour spent in training, staff meeting, teamwork exercise, or whatever translates to unanswered phones, unprocessed cases and unfinished investigations.  How can you make any meaningful investment in your staff if you first can't give them what they truly need....a manageable job?</description>
		<content:encoded><![CDATA[<p>I have the same question that Susan asked in the first comment - how do you balance the training needs of your staff with the time they need to be at their desk doing their job?  I am a public servant, working at a Michigan state agency that is under a continually increasing mandate to do more with less.  Every hour spent in training, staff meeting, teamwork exercise, or whatever translates to unanswered phones, unprocessed cases and unfinished investigations.  How can you make any meaningful investment in your staff if you first can&#8217;t give them what they truly need&#8230;.a manageable job?
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		<title>by: Keith</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-681</link>
		<pubDate>Mon, 19 Mar 2007 14:07:16 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-681</guid>
					<description>I commend Quicken on their customer service initiatives, but is it customer or profit motivated.  Please dont misunderstand me, I am all for making a profit, but at what cost.  

Michigan ranks as one of the highest mortgage forclosure states in the nation.  High volume mortgage brokers have been linked to this problem.  Have you looked at the default rate for Quicken originated loans as they compare to the national average?  Are they setting up their customers for failure by making the process easier rather than accurate?

Customer service training is needed now more than ever, as long as it is true customer service and not just a way of improving the bottom line at the expense of the customer.

I dont know the statistics of Quicken, but I do know two families who lost their home from Quicken mortgages that they should not have been sqeezed into in the first place.</description>
		<content:encoded><![CDATA[<p>I commend Quicken on their customer service initiatives, but is it customer or profit motivated.  Please dont misunderstand me, I am all for making a profit, but at what cost.  </p>
<p>Michigan ranks as one of the highest mortgage forclosure states in the nation.  High volume mortgage brokers have been linked to this problem.  Have you looked at the default rate for Quicken originated loans as they compare to the national average?  Are they setting up their customers for failure by making the process easier rather than accurate?</p>
<p>Customer service training is needed now more than ever, as long as it is true customer service and not just a way of improving the bottom line at the expense of the customer.</p>
<p>I dont know the statistics of Quicken, but I do know two families who lost their home from Quicken mortgages that they should not have been sqeezed into in the first place.
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		<title>by: Doug</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-679</link>
		<pubDate>Mon, 19 Mar 2007 14:04:32 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-679</guid>
					<description>I am curious about what percentage of quicken loan clients took an adjustable rate loan?  These programs are a major reason for all of the foreclosures in Michigan.  Might be a great company to work for but...</description>
		<content:encoded><![CDATA[<p>I am curious about what percentage of quicken loan clients took an adjustable rate loan?  These programs are a major reason for all of the foreclosures in Michigan.  Might be a great company to work for but&#8230;
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		<title>by: Pam Kies-Lowe</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-678</link>
		<pubDate>Mon, 19 Mar 2007 13:38:05 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-678</guid>
					<description>As a recent customer of Quicken Loans, I can attest to the results of their commitment to customer service. A fellow employee at the MI Dept. of Education referred me to her mortgage banker at Quicken with glowing praise for him and the company. Skeptical, I contacted him. My situation was a complicated home refinance, but he was certain that he could get us what we needed for some major home repairs and improvements.

The process was fast, easy, and handled mostly through email and telephone. E-signatures made quick work of all the necessary paperwork. We had only one "hand-off" to an assistant, rather than the usual 6 or 7. Calls and emails were always returned within 24 hours. 

And the best part: Knowing that Quicken was a mortgage broker we anticipated our loan would be sold off shortly after closing. It was, but we were very surprised - and pleased - when we were informed that we could still work through our original Quicken contact person if we had questions or concerns about our loan in the future! WOW! That was a new one for me!! I appreciate this even more than the speed, efficiency, courtesy, responsiveness, and low rate that we got from Quicken Loans.

Please let Quicken management know that their training WORKS!!

Pam Kies-Lowe
A satisfied Quicken customer</description>
		<content:encoded><![CDATA[<p>As a recent customer of Quicken Loans, I can attest to the results of their commitment to customer service. A fellow employee at the MI Dept. of Education referred me to her mortgage banker at Quicken with glowing praise for him and the company. Skeptical, I contacted him. My situation was a complicated home refinance, but he was certain that he could get us what we needed for some major home repairs and improvements.</p>
<p>The process was fast, easy, and handled mostly through email and telephone. E-signatures made quick work of all the necessary paperwork. We had only one &#8220;hand-off&#8221; to an assistant, rather than the usual 6 or 7. Calls and emails were always returned within 24 hours. </p>
<p>And the best part: Knowing that Quicken was a mortgage broker we anticipated our loan would be sold off shortly after closing. It was, but we were very surprised - and pleased - when we were informed that we could still work through our original Quicken contact person if we had questions or concerns about our loan in the future! WOW! That was a new one for me!! I appreciate this even more than the speed, efficiency, courtesy, responsiveness, and low rate that we got from Quicken Loans.</p>
<p>Please let Quicken management know that their training WORKS!!</p>
<p>Pam Kies-Lowe<br />
A satisfied Quicken customer
</p>
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		<title>by: Debbie</title>
		<link>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-677</link>
		<pubDate>Mon, 19 Mar 2007 13:33:59 +0000</pubDate>
		<guid>http://www.danmulhern.com/wordpress/2007/03/quicken-loans-how-employees-matter/#comment-677</guid>
					<description>How often we hear about companies who make the claim that training is an investment in their people when in fact, they belive training is an unnecessary expense - the same companies who cannot "afford" to have their people away from their jobs -companies who are struggling with turnover, low employee morale, and high absenteeism. Years ago, I was exhilirated to be part of a new culture-change initiative that brought small groups of employees together and demonstrated the power of REAL teamwork and personal accountability. It was a complete success, but it took 4 1/2 days to complete the workshop. Like so many other initiatives, it died on the vine. Today, that company still battles low morale and high absenteeism.</description>
		<content:encoded><![CDATA[<p>How often we hear about companies who make the claim that training is an investment in their people when in fact, they belive training is an unnecessary expense - the same companies who cannot &#8220;afford&#8221; to have their people away from their jobs -companies who are struggling with turnover, low employee morale, and high absenteeism. Years ago, I was exhilirated to be part of a new culture-change initiative that brought small groups of employees together and demonstrated the power of REAL teamwork and personal accountability. It was a complete success, but it took 4 1/2 days to complete the workshop. Like so many other initiatives, it died on the vine. Today, that company still battles low morale and high absenteeism.
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