Good money/people, but eventually you'll get burnt out - Mortgage Banker Rocket Employee Review

2.0
Mar 20, 2015
Recommend
CEO approval
Business Outlook

Pros

The money. You want to make 100k or more within 18 months of graduating college? You can do it here, if you make it and are a good banker. Also the people you meet there are awesome. While there I met great friends and truly enjoyed my coworkers. The company does great with marketing and buying tons of fresh leads so you don't have to cold call and the phone rings off the hook most days. Training is also top notch and very available. Leadership opportunities are very available for those who are interested after 12-18 months banking. A lot of energy in the office, perks are good with some fun contests and prizes for top performers. It is a fun atmosphere, with most of the people there being like you ie fresh out of school, making money, enjoy going out etc.

Cons

Laundry list of them, and don't take this as me being bitter as I know some people on here are, but this is an honest assessment. While the money is good, it used to be better...like 30% better until they cut the commission plan 6 months ago for no reason aside from we were making more then our competitors (this would be ok except we worked more and had way more micro managing and stress to deal with then a typical lender). You have no autonomy. The micro managing is unbearable and makes employees miserable at times. While the company cut pay, they also added numerous levels of micro managing and tasks bankers had to do which made it even more difficult to work there. The messaging on these were horrible as well...leaders will try to sell us on why these were good for "our businesses" which was comical and insulted our intelligence as people. HR is a disconnected, any issues brought to them rarely change. It's a frat house, which as a mid/early 20s male is great but if you're a woman stay clear, you'll get hit on like there's no tomorrow by bankers and leaders. Office gossip is on a high school level. Asking for vacation and time off is worse then the Bataan Death March...reasons my time off was denied include: I applied to far in advanced, I applied to late, I didn't "earn it" (which is hilarious as we accumulated it every pay period so explain that one to me), too many other people have taken that day off (they have 3,000 bankers, I don't think 1 more person not there is gonna end the company). You work 10-12 hours a day, 2 Saturday's a month and some Sunday's when you are new. Then if you're behind pace you'll get guilt tripped into coming it by you leaders. Leaders track everything you do and pester you for why you aren't doing more.

Explore other reviews about Rocket

5.0
May 11, 2026
Recommend
CEO approval
Business Outlook

Pros

Great benefits, cultural and pay.

Cons

Constantly changing, not necessarily a bad thing hut something to get used to.

3.0
Jul 6, 2026
Recommend
CEO approval
Business Outlook

Pros

Strong technical stack and real ownership of enterprise reporting. Complex servicing and NPL data gives senior analysts room to build governance, dimensional models, and end-to-end pipelines with genuine business impact. Skilled peers and access to large regulated datasets (FNMA, FHLMC, HUD) that sharpen your craft.

Cons

Heavy reliance on undocumented legacy systems that fall on individual contributors to reverse engineer. Knowledge concentration creates single points of failure and inconsistent handoff when people leave. Org changes and shifting priorities can outpace documentation and process maturity.

See reviews by: Helpful|Rating|Date|All