Mortgage Banker Review - Mortgage Banker Rocket Employee Review

1.0
Feb 8, 2022
Recommend
CEO approval
Business Outlook

Pros

Good if you don't have a family, are single and want to work 70 to 80 hours a week to have an opportunity to make 200k+ Good training. Many people start at Rocket to get licensing and go somewhere else after 6 months. Good if you are in the right spot but you make be moved to a bad spot with a 3 day notice no matter your tenure

Cons

Teams average about 16 bankers per team and at any given time of the year at least 2 team members are on a mental health leave 70% turnover in first year Gaslight employees You are always underpaid compared to every other mortgage company around. Managers will text and call you at 11pm or 5 am. No boundaries You may get moved to a good or bad team no matter how you perform All politics and is basically a frat house Leadership isn't concerned about creating a sustainable business and are all waiting for stock options to quit and go to other mortgage shops Unrealistic goals to hit within 50 hours a week Leadership will tell you on Friday to cancel any plans you had for the weekend and to work Saturday no matter how many loans you've sold You work 7 days a week Vice presidents tell directors to make life miserable for bankers that they want to quit so they don't have to fire them and pay unemployment Females are constantly harassed Top talent is continuously leaving from all levels and many of the directors will tell you they plan to leave within 2 years from now You can make 200k at 40 hours a week at many other places No concern if the mortgage benefits the client Comp plan will change 6 to 7 times a year to cut your pay and make you work more hours You're just a number Bankers who are making 200 to 300k and leaving is a big red flag

Explore other reviews about Rocket

5.0
Jun 22, 2026
Recommend
CEO approval
Business Outlook

Pros

Knowledge rich, great culture, and a lot of remarkable people to work with

Cons

if you're in sales, you will not have much of a life outside of your team, but that's on you to have a good time with them

1.0
May 20, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Recognized brand name, standard medical benefits

Cons

Zero structural support for industry veterans, severe systemic targeting by inexperienced management, and a complete lack of operational accountability

5
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