It's exactly what all the reviews say it is - Mortgage Banker Rocket Employee Review

3.0
May 4, 2019
Recommend
CEO approval
Business Outlook

Pros

The benefits are the best in the industry. The resources are endless. There is A LOT of support all around you. Great place to learn the industry. The training will set you up for a great future in mortgage lending. You will learn to build a very strong work ethic. The pay is good if you are willing to work 70+ hours a week, and you are in good lead pools. Great if you are straight out of college and this will be your first "real job". You will learn a lot, and again, build an extremely good work ethic.

Cons

Absolutely no work life balance. They call it a "Life Balance", which pretty much means QL will be your life. Total "Drink the Kool-Aid" mentality. The leadership is completely QL brainwashed. You will be pressured by your leaders to overwork yourself, so your leaders can win money, watches, vacations, etc., with no extra reward for you. If you break it down, the pay is WAY below industry average. If you are a good banker you will have around 12-15 loans actually close a month, and you are paid about 1/3 the amount compared to earning BPS at any other company. If you are a really good banker, you are losing even more money. But that's what happens when you work for a company that is spending so much on advertisement and leads, they take it out of your pay. The only good leads are the ones that come straight from the direct app calls, which are people calling QL directly looking to do business. Other than that, the leads are the pretty bad, mostly click bait leads from people not looking for a loan. Feels like you are working in a frat house. The vast majority of the bankers are fresh out of college. QL hires A lot of frat brothers, and college athletes. So you can paint the picture of what the environment is like. Just like everyone says, you will only have time to work and sleep, unless your mind is enhanced by other substances. Then sleep doesn't matter. And this is the case with many of your co-workers.

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Rocket Response
7y
We are disappointed to hear about your experience but appreciate your honesty and feedback. Please reach out to us at Lisa@quickenloans.com so we can discuss your specific situation further.

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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