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

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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