Interview questions at Quicken Loans

1. Where do you see yourself in 5 years? top question

How to answer

1. About Yourself

   What challenges do you like overcoming? Where are you starting from and where might you be going?

   For example, let's say the position you are applying for is junior accountant. It includes a wide range of tasks such as basic bookkeeping, financial analysis, and reporting. If accounting is your chosen field, then you would most likely want to move in the direction of obtaining your CPA so that you might step up to more responsibility as an accounting manager or senior auditor within the next 5 years. Your responses should make sense in how you see yourself growing in your professional career.

   However, at this point, if you are happy just where you are and want to further your current skills, that is also fine as long as there is a growth path for you that can be imagined and described.

2. About The Company

   Research the company to learn what career opportunities may be available in the department you are applying to, and what the trends are in the company in general.

   • Is the business expanding, are they opening new locations, or starting new projects?
   • Or are they heavily automating and cutting staff?

   Let’s say you are applying for a UX designer position for a brand-new product.

   In the future, if the product becomes a success - which is what the company hopes for - the company will hire more designers and you may become a lead designer, or you may become a product manager.

   On a side note: If you train your mind to be open to opportunities you will be amazed at how much this world has to offer to you!

3. About The Fit

   And, of course, try to see where the perfect fit lies between your own potential and aspirations, and the company’s trends and hopes.

   However, beware of the risk of showing too much excitement for future opportunities compared to your attitude towards the current position.

   As we said earlier, you must show interest and enthusiasm for the position you are applying for. If the interviewer senses that you are more enthusiastic about future growth than about the current position, they may conclude that you are not the right person for the job at hand.

Pro Tip

Statistics

This question is asked 2% more frequently at Quicken Loans than at other companies.

2. Describe the most challenging work problem you faced in your last job

How to answer

1. About Yourself

   So, how should you talk about your strategy to approach tough situations?

   Try to think about the actual most challenging thing you did, or just pick something that was really difficult, but you succeed at it in the end.

   The situation should be real. Perhaps you went above and beyond to meet a tight deadline while taking over the responsibilities of a coworker who was out sick? Or you took a course, completed an online training, or attended seminars on a topic that was new for you, but necessary to match your qualifications to the position's requirements?

   Make sure your story isn't boring: interesting is a keyword here. Use the STAR method to demonstrate your positive approach to problem-solving.

2. About The Company

   Take a moment to consider the role and the daily tasks you’d be engaged with.

   • What kind of problems might come about?
   • What difficulties can you possibly encounter because you will be working directly with clients or in a big team?
   • Do you have to communicate a lot, or would problems be more technical in nature?

   Do your research.

3. About The Fit

   Your answer is an opportunity to highlight your fit for the role and the work environment.

   This question allows the interviewer to reflect on how you handled past challenges and use this to make predictions about your future capabilities. It might help them to realize you’re a good fit.

   When employers ask such questions, they are looking for some specific details relevant to the job.

   For example, if you are interviewing for a customer service role, highlight how you’ve managed to deal with a difficult situation in customer service.

   On the other hand, if your future role would be very technical, you might talk about a technical challenge you’ve overcome.

Pro Tip

Statistics

This question is asked 7.6x more frequently at Quicken Loans than at other companies.

3. Describe a time when you had to overcome a significant obstacle on a job

How to answer

1. About Yourself

   The employer is looking for the skills needed to overcome a significant obstacale on the job. This is not the place to discuss the ordinary problems that you might face on a daily basis at work.

   Start with recalling a few examples of real obstacles and challenges you faced. For each of them, consider:

   • What was the project or task you were trying to accomplish?
   • What was the obstacle? This can be a specific problem related to your job or a higher-order issue across the organization.
   • What steps did you take to address the issue?
   • What decisions did you have to make?
   • How did the company benefit from your decisions?
   • How would you describe your approach, or what lessons have you learned?

   Be careful how you respond to this question. The problem you faced and resolved for the company should not have been of your own making.

   See this as your chance to show how you stepped up by turning to your skills and inner strength to find the right solutions.

2. About The Company

   When you research the company, try and find out what kind of challenges they are facing. Try to find out what they need in terms of problem resolution.

   Search for online reviews, complaints and any other useful resources. What problems and obstacles can the employees face with this position?

   Pay particular attention to the requirements listed in the job description. It is quite possible that you have a a STAR story about overccoming an obstacle that relates directly to one of their needs. This would be a great opportunity to answer this question.

3. About The Fit

   This is your opportunity to showcase your problem-solving skills, resilience, and strength of character. We recommend that you use the Present-Past-Present method to answer this question. The following is an example of how this method might be applied for the position of Blog Writer. The job description mentions that a successful candidate must have experience working “in a dynamic environment.”

   Starting with the Present you might say "I really enjoy working in a fast-paced and dynamic environment" (repeating the words used in the job description is reinforcing to the interviewer).

   Next go to a Past situation in which you had to write an article on extremely short notice. Your boss came to you at the last moment because your coworker failed to complete a very important assignment. The pressure was on but you worked extra hours to prepare the article successfully and on time. This story shows your sense of responsibility, ability to achieve results under stress, your willingness to go the extra mile, and your problem-solving skills.

   Finally come back to the Present to again reiterate how working under pressure is a skill that you are proud of and you will bring to any assignment for the employer.

Pro Tip

Statistics

This question is asked 4.4x more frequently at Quicken Loans than at other companies.

4. Tell me about a difficult work situation and how you overcame it

How to answer

1. About Yourself

   Try to think of a time when outside forces created a stressful situation.

   • What was the context?
   • What was the challenge?
   • Did you step in?
   • Were you able to create a solution that could make everyone happy?
   • What did you learn from that situation?
   • How would you handle this situation should it happen again in the future?

   Avoid examples that make you seem indecisive or uncertain, and keep your answer positive.

   This is your chance to show that you have problem-solving skills. Showcase these skills using the STAR method, which will help you effectively organize your response when answering this type of question.

2. About The Company

   Do your research about the company. What challenges and kinds of situations may you face in your new role?

   Read carefully the job description and the list of responsibilities required.

3. About The Fit

   Do your best to ensure your interviewer that you are a person who can identify, isolate, and solve problems.

   Ultimately, it doesn't matter how big of a difficulty you had with any particular project. What really matters is the process of how you overcame that difficulty and whether you are capable of handling difficult situations in the future.

   Choose your example wisely: if you're looking at a team leader or manager role, it might be better to talk about a people issue rather than technical.

   If you're looking at a developer or architect role, then highlight something more technical.

   Name your soft skills as well, such as project management, dealing with difficult people, pushing back requirements that were inadequate, etc. Talk only about your fits which are relevant to the job you want to get.

Pro Tip

Statistics

This question is asked 6.0x more frequently at Quicken Loans than at other companies.

5. Tell me about yourself

How to answer

1. About Yourself

   What is your current occupation? Define yourself professionally in one statement.

   Pick 3 key skills that make you great at your work (your Key Selling Points). How have you applied these skills?

   Try to give some numbers to support your statement.

2. About The Company

   Your first step is to Research the company to find out as much as you can about what they do and their approach to their business and their employees.

   Based on what you know about the company and the job description, why are you interested in the position you are applying for?

3. About The Fit

   Now is the right time to show the fit between your skills and the company's requirements. Your answer works best if you emphasize your relevance. How do you do this? You will have already researched the company, studied the job description to identify their needs and possible pain points and prepared the relevant Star Stories that show how you addressed similar issues in the past. Your next step is to develop your Present-Past-Present approach.

   Start with the Present. Focus on the skills and experience from your most recent positions. What has enabled you to get the job done successfully and how this relates to what the employer is looking to accomplish.

   Next go back to the Past. Here is where your Star story comes in. Explain how you were able to use your skills and experience to accomplish a task that relates to an area of concern for the employer.

   Finally come back to the Present – summarizing the lessons you learned and how they shaped your response and approach today.

   Remember, the whole conversation is about the present, not the past. Just one sentence can summarize why your approach works, and its applicability and relevance to this position.

Pro Tip

Statistics

This question is asked 64% less frequently at Quicken Loans than at other companies.

6. What is your greatest weakness?

How to answer

1. About Yourself

   No one is perfect and your interviewer doesn't expect you to be perfect either.

   While it is good to be honest and open, it will not help you to put yourself down.

   What's important is to find a weakness that you have overcome. How you turned what might be considered a negative into a positive.

2. About The Company

   Research the company (website, social media, etc) to learn about the company culture.

   What personal and professional qualities do they value?

3. About The Fit

   This is the time to clearly state a true weakness that you have overcome.

   Be as specific as possible and stay away from vague cliches like “I work too hard.” It would be difficult for anyone to try and explain how they overcame a weakness like that

   Mr. Simon emphasizes the Present-Past-Present method of responding to behavioral questions. When you are asked about your greatest weakness, you should be able to successfully use this approach as well. Here is an example of how someone might answer this question.

   Present - "I have always had a fear of public speaking, and believe this may have held me back in my career, especially when having to make presentations to management."

   Past - "Last year I learned about Toastmasters International and decided to join this group to help me gain confidence in myself and improve my ability to present to others in just about any situation."

   Present - "By overcoming this weakness I believe that it has made me a much stronger candidate for this position, someone you can count on to make presentations to management, conduct training and communicate at a high level."

   It's important to show how well you've overcome a weakness by motivating yourself and learning a new skill to grow professionally.

Pro Tip

Statistics

This question is asked 31% less frequently at Quicken Loans than at other companies.

7. What is the biggest lesson you've learned from a mistake you made?

How to answer

1. About Yourself

   Do your best to tell a positive story about how the mistake was made, how you dealt with it and what learned from it.

   We all make mistakes from time-to-time. Answering some of the following questions will help you understand your own view of dealing with mistakes and their consequences.

   For instance:

   • How do you use a mistake to improve your abilities?
   • Are you self-aware enough to acknowledge failure and weakness?
   • Do you take smart risks?
   • How do you view success, failure, and risk in general?
   • Do you take responsibility for past mistakes instead of putting the blame on others?
   • If the situation repeats, what would you do differently? What would you do again?

2. About The Company

   Before the interview, look over the job listing, research the company.

   Try to think of a mistake you have made in the past that is not too closely related to the requirements of the job you are interviewing for. What kind of challenges might you face if you get the job here?

3. About The Fit

   It’s your opportunity to emphasize the skills or qualities you gained from your past negative experience that are important for the job you’re interviewing for now. The best way to answer a question like this is to use the Present-Past-Present method.

   Start with the Present by ensuring the interviewer that even though you have made mistakes in the past, the lesson that you learned is to always carefully double-check your work and to make sure you plan ahead for any possible contingencies.

   Next go back to the Past to relate a STAR story that will tell the interviewer about a time when you made a mistake but were able to make the right adjustment to turn a potential negative into a positive. You might say something like: "I was responsible to provide one of our best customers a time frame for completing an important project. In my eagerness to impress them I miscalculated how long it would take and we missed the deadline. The customer was very disappointed and we nearly lost their business. After my manager explained the problem to me I worked very hard to improve my approach to project management and meeting timelines and nothing like this has happened again."

   Finally come back to the Present to tell the interviewer that you have the ability to learn from negative experiences and going forward you will approach all tasks with a mindset that will enable you to adjust quickly.

Pro Tip

Statistics

This question is asked 5.2x more frequently at Quicken Loans than at other companies.

8. What was the biggest mistake you made in your most recent job? How did you handle it?

How to answer

1. About Yourself

   Do your best to tell a positive story about how the mistake was made, how you dealt with it and what learned from it.

   We all make mistakes from time-to-time.

   Answering some of the following questions will help you understand your own view of dealing with mistakes and their consequences. For instance:

   • How do you use a mistake to improve your abilities?
   • Are you self-aware enough to acknowledge failure and weakness?
   • Do you take smart risks?
   • How do you view success, failure, and risk in general?
   • Do you take responsibility for past mistakes instead of putting the blame on others?
   • If the situation repeats, what would you do differently? What would you do again?

2. About The Company

   Before the interview, look over the job listing, research the company. Try to think of a mistake you have made in the past that is not too closely related to the requirements of the job you are interviewing for.

   What kind of challenges might you face if you get the job here?

3. About The Fit

   It’s your opportunity to emphasize the skills or qualities you gained from your past negative experience that are important for the job you’re interviewing for now.

   Put a positive spin on your response by defining the “mistake” as a “learning experience” that led to your increased competency in the workplace.

   Talk about a specific example of a time you made a mistake. Briefly explain what the mistake was; quickly switch over to what you learned, or how you improved, after making that mistake.

   You might also explain the steps you took to make sure that mistake never happened again. Say that something you may have struggled with in the past has actually now became one of your strengths.

   Pick a story that ends with a compelling example of a lesson learned. Tell your story using the STAR method.

Pro Tip

Statistics

This question is asked 7.1x more frequently at Quicken Loans than at other companies.

9. Walk me through your resume

How to answer

1. About Yourself

   Print out your resume. For each of your recent job experiences (at this point do not go back more than 5 years), write down 3-5 key points at which you feel you are strong.

   For example, for your current (or previous) job, you may want to list skills like “Excellent presentation skills,” “Employee Engagement guru,” “Analytical skills,” “Attention to detail” (they don’t have to be all soft skills, but being aware of at least a few of your strong soft skills is important). Make sure you have examples for each of your statements.

   If you have difficulties to think of these points, search online for job descriptions for similar job roles, and figure out which of those keywords appeal to you. Look for people on LinkedIn that have jobs similar to the one you are applying for. Their profiles often contain many keywords that you can use in response to this question.

   Now that you’ve gone through all your recent experiences, are there any points that repeat more often than others, or are especially important to you? These are candidates to be your Key Selling Points -highlight 3-5 of them.

2. About The Company

   Research the company and the role for which you're being interviewed. When researching the company, find out what skills and qualities they value the most. Carefully consider the job requirements. What is it that you will be responsible for?

   Now, write down 3-5 keywords from the job description that you find of utmost importance for this job role.

3. About The Fit

   Try to establish the match between your own highlighted keywords, and those of the job description. These are your Key Selling Points! You should normally limit yourself by 3-5 such keywords or phrases.

   Now, craft a story based on your career history. You don’t have to go in chronological order - you can start with your current or last job experience, and then go back to your previous ones, or focus on just the experiences that are relevant to your story, and only briefly mention the less relevant ones and only if needed.

   Select one point to highlight for each phase of your career. Make sure you ingrain your Key Selling Points in the interviewer’s memory - after the interview is over, you want them to remember you as someone who is strong at XYZ, or experienced in A, B and C.

   It's okay to focus more on stellar achievements and brag a little bit about them.

Pro Tip

Statistics

This question is asked 85% more frequently at Quicken Loans than at other companies.

10. What are your salary requirements?

How to answer

1. About Yourself

   The first thing to research is the salary range for your role in the market. What is the industry standard?

   Next, think of your qualifications for the role. Weigh in your traits, skills, education, and experience. Try this exercise, draw a line on a piece of paper where on the left side sits a complete beginner, and on the right side - the best professional in the world the company may try to invite for the role. Where do you position yourself?

   Now, remember that once you start in your new role, your qualifications will be growing fast, due to all the new experience you will be gaining - consequently, your value will rise as well. Your salary, on the other hand, will not increase as quickly. So, try to imagine where your qualifications will bring you, on that scale, in about a year into the new job.

   Map the scale against the industry range. Now you should be able to come up with an objective figure, as opposed to pure speculation.

   This is not real math, however, so your number cannot be very precise, of course. Define a range, which starts with the minimum that will keep you satisfied a few months into the job, and the maximum which, a year into the job, will give you the lifestyle you would ideally like to have at that time.

   Make sure the range stays within 40%-60% between extremes. Remember, the higher the position up the ladder, the wider the range can be. What is the number in the middle? Will you feel comfortable with this number?

2. About The Company

   Research the company and find out what they are paying. The best places to find this information are Glassdoor, LinkedIn, PayScale and other similar websites.

3. About The Fit

   Based on your research, does the company fit your desired salary range?

   Now, whether you should be giving a range, or a single target number is a matter of debate. I personally think that a single number, given in a suggestive manner, is better than the range, because when given a range, they may logically gravitate towards the lower end, especially since you’ve said that the lower number is acceptable.

   One example of how to structure your answer of a single target number is this:

   I have done my research and based on the average for the industry, location, and my level of expertise, something like XXX seems reasonable to me. What do you think?

   Besides giving the factual answer that the interviewer is asking for, such an answer will also show you to be someone who takes the initiative, who goes the extra mile, and someone with data-driven and analytical mindset.

Pro Tip

Statistics

This question is asked 55% more frequently at Quicken Loans than at other companies.