Terrible Scheme - Mortgage Banker Rocket Employee Review

1.0
Apr 20, 2013
Recommend
CEO approval
Business Outlook

Pros

Good people, young company, and sometimes got free tickets to Cavs games, good training

Cons

Way too long of hours for little pay. If you are very good, you can make good money but the pay structure is hourly plus commission. Put in 70+ hours and anything over 40 hours is half pay. (yes that is half pay not time in a half). If it wasn't for the commission aspect, you would make less than minimum wage. Although they say you won't "cold call" anyone, you will call plenty of people that didn't mean to apply and/or have already been denied by a different Quicken Loans banker or said they don't want to be called anymore by Quicken Loans. If you don't get cussed out 3-4 times a day, you are not making the 40-60 calls required by the company (unless you have been there for a long time and you get all the good leads). Started in a training class of 20 and before the 1 year anniversary, there were 4 people left.

Explore other reviews about Rocket

5.0
Jun 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Great benefits and a fantastic culture!

Cons

Long hours and always changing

4.0
Jul 23, 2026
Recommend
CEO approval
Business Outlook

Pros

- Team members are fully engaged and committed - Ever-evolving market has trickle down effects on the work and scope (for me this is a pro, but not for everyone) - Highly transparent and frequent communication from leadership

Cons

- Heavy focus on in-person employee experiences - it can feel disconnected to be a hybrid / remote team member - Lots of lingo and vernacular specific to Rocket can feel disorienting - Goalpost changes a lot

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