How does the Quicken Loans process work?

The Quicken Loans process begins by completing an online application or speaking with a mortgage specialist. This helps determine the best loan options and provides an estimate of potential costs. After submitting the application, Quicken Loans evaluates credit, income, and other factors. Once approved, borrowers receive an official approval letter. Then, borrowers can customize their loan terms and select the product that fits their needs. Following this, borrowers provide supporting documents and perform property inspections, if necessary. The loan is then processed, reviewed, and underwritten. Once approved, closing documents are prepared and sent for review. After closing, borrowers can manage their loan through an online account. The Quicken Loans process prioritizes simplicity and efficiency to ensure a smooth mortgage experience.