Opportunity comes at a cost - Mortgage Banker Rocket Employee Review

3.0
Apr 16, 2019
Recommend
CEO approval
Business Outlook

Pros

If you are willing to trade in your time for the opportunity to build an amazing career, this is a great place. It's a fast-paced sales job, and you need to be willing to work 7:30-9:00pm, most days, 5-6 days a week, most weeks, period. Do that, and follow the amazing coaching and leadership to a tee, and you'll succeed. Try to go your own way, or to do anything short of close, close close the sale... you'll struggle. Your pay is based on exceeding goal, and goal is meant to be met by half the region or so. Hit goal and you'll see $2800/mo hourly plus about $4000 commission. You can absolutely find success. The team gives you every single opportunity to be financially set, however as a banker, it is accepted that you will not have a life outside of work, period. After 4 years of extremely high success and hours, you may become a level 5 President's Club banker, who can sometimes work from home but will enjoy $20,000 in commissions each month for the same volume that earns intro bankers $4,000-10,000. That's the tradeoff: time for payscale and some flexibility.

Cons

Miss goal, even by one or two, and you'll be looking at $2800 hourly and around $1000 commission. For 70 hours a week (yes, 70, no matter what your tiering is), you better be pushing yourself to earn the business. Not to mention, clients drop out of process, no big deal. Just be sure you write enough business to make up for the hit. You will be free most days from 8-10pm, and maybe one day a weekend. You are expected to come into the office on weekends, and encouraged to come both days. Goal is meant to be hit, and you are meant to come in 27 out of 30 days a month, believe it.

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Rocket Response
7y
Thank you for your detailed review. We appreciate the time you took to write this as well as your honesty. We value the talent and skills that you bring to our company and we will continue to work on improving work-life balance.

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

2.0
Jul 13, 2026
Recommend
CEO approval
Business Outlook

Pros

Licenses are paid for by the company The early trainings are effective Strong values that help set employees on the right path of actions professionally

Cons

"Limitless compensation" is oversold when there may not be ample opportunities to make a 6 figure income that they might promise. Work/Life Balance is a struggle as it is normal to assume 60+ hour weeks outside of internal sales competitions, and 70+ hour expectations during those periods The work culture can greatly vary based on your director and regional VP. Some are amazing, and care deeply. Others will throw you under the bus without second thought because you are easily replaceable.

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