Pretty Terrible Place to Work - Mortgage Banker Rocket Employee Review

Frankly, the company is a giant that treats their employees like garbage. While QL often enchants its employee base, mostly 20 year old men, with a "fun" fraternity-like atmosphere, it is difficult to look at the company as anything other than a pseudo-pyramid scheme. It hires in its young work force with the intent, or at least the results, of burning out most of its banking workforce within a year. In order to continue feeding it's pseudo-pyramid it has begun a system of "referrals" where a "successful" referral, or three months with the company, can earn you thousands of dollars. These employees are then rounded up and herded into a well-organized multiple months training program. After graduating, you are assigned to what will likely be an abrasive director, who is no more than a company dog biting at your heels and, on occasion, your neck. The overwhelming amount of micromanaging that occurs, in addition to the ridiculous hours and availability expectations, leads to more stress and mental health decay than anything else. They also have complete control over your pay without any hearty and healthy checks and balances. There was a >10% commission pay rate decrease as well as tier number increase mid-month that was effective immediately. For a company that likes to “do the right thing” by their customers, community, and employees, the complete dismissal of these “miniscule” changes to the part of the labor force that drives revenue has even lead the most ignorant of employees to question the higher-ups. After grinding it out for nearly a year you are given a few options, you likely burn out or are fired, you move to an easier position elsewhere in the company because you’ve paid your dues, or you are sent to the mill to become a company dog. I truly hope that maintaining critical mass for the banking floor will become increasingly difficult and will eventually erode the rest of the pyramid or someone starts a union and drains that place dry.