Say goodbye to your social life - Mortgage Banker Rocket Employee Review

2.0
Apr 21, 2015
Recommend
CEO approval
Business Outlook

Pros

A lot of the people that you start with become your best friends and you meet some really good people

Cons

As many people know, as a mortgage banker you work many hours. The hours alone aren't the worst part. Its what comes with the hours. Not only are you working 60-70 hours a week, you are also required to give clients your cell phone number, so you are on call 24/7. You are expected to "respond with a sense of urgency" to all clients and realtors no matter what time of the day it is...this means weekends, 2:00 am, and even holidays. Along with the hours is the pay you get for overtime. Most companies pay you time and a half for overtime hours. As a mortgage banker, you get paid half time (around $4 an hour) for every hour over 40 that you work. You would think that with working 60-70 hours a week you would have a ton of time accrued for vacations. This is true, however, good luck actually using that time for a vacation. No matter how much time you put into your job, how well you are doing on your team, if you take even a 2 day vacation you are looked at as a slacker. It is highly looked down upon to take a vacation and you will get a lot of crap for it from your team if you do. This kind of goes the same way for calling in sick. You better be on your actual death bed or have Ebola if you are going to call in sick. Say goodbye to your youth. You will literally age 10 years in a span of a few months. Im talking wrinkles, acne, hair loss, and weight gain all due to the stress that is put on you. I consider myself a very healthy individual, but during my time working for the company I gained 20 pounds, had horrible acne, and never got a good nights sleep. You have no time to eat during the day so you binge eat at 10 pm when you get off of work. Directors are pretty good about ordering lunch for their team once a week, but get used to pizza because that is all you will eat. Commission is taxed 40%. They say the average mortgage banker makes around 120,000 a year. Yeah, maybe before taxes. After the 40% you'd be making 72,000 which sounds like great money, but you could make the same amount working half the amount of time at some other company. Ive also never seen anyone make that much in their first year, which is what they advertise. And if you ask me, no amount of money is worth losing your friends and family. Overall, the company does a great job of "brainwashing" their team members to make them think they are working for the best company with a lot of opportunity. If you want to work for this company, go for it. But I would suggest to keep drinking the kool-aid...and a lot of it.

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.

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