Good money if you want to sell your soul and lose your family - Senior Mortgage Banker Rocket Employee Review

3.0
Sep 14, 2015
Recommend
CEO approval
Business Outlook

Pros

Lots of opportunity for bonuses , commission , contests , way more freedom that most work environments , "fun work environment " , you can wear what you want- even though they try to make you wear a suit, you do community service, makes you have amazing work ethic because you are used to working 24-7. You get to see the CEO and Dan Gilbert and whoever else you want to see they walk around there all the time , you can win tickets to shows, games( I love sports to this was awesome) GO CAVS , you get discounts on the stores in the area and online , if you focus - you can make LOTS of money, they really care about client experiences

Cons

Very very sales focused , production focused , you're graded on everything you do. ..thousands of emails about your production sent to the whole company, Hours = 65/week, there is no overtime- you get paid half time, lots of favoritism , they target young ppl who really need money (out of college) , they downplay education and make you feel like if you're not successful with Quicken you won't be successful in life , lots of responsibility and unrealistic expectations , your boss will yell at you and try to intimidate you- threaten your job all the time. You can only move up if you do well in mortgage banking - if not you will be on performance letter and get fired. You can never move anywhere else in the company. Everyone gets drunk after work and smokes weed ( or their drug of choice) just to function. Even with all the money- it's still not worth it if you're a mortgage Banker. It's very easy to get fired. If you don't drink the kool aid - you won't be there long. AND also you can barely go to the bathroom or eat. They try to bring lunch right to your desk so that you can work through lunch. Everyone gains at least 20-50 pounds there. Easy to make money but if you make a mistake or if a client makes a mistake it could cost you up to 500 dollars each time. ( out of your check and one time I owed the company money. ) Bottom line. Get as much money as you can & LEAVE. definitely not a forever work environment. You'll die there. And they'll just hire someone else to take your place. Mortgage bankers are like the army of QL. I almost ruined my marriage working here. My wife hates me still. I texted my boss and told him I quit. He never responded.

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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