Rocket reviews

3.4

52% would recommend to a friend

(5,628 total reviews)
avatar

Varun Krishna

65% approve of CEO

48% positive business outlook

Rocket has an employee rating of 3.4 out of 5 stars, based on 5,628 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Rocket employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

6K reviews
1.0
Jun 1, 2023
Recommend
CEO approval
Business Outlook

Pros

good benefits. The people who work there are awesome.

Cons

They are grossly overpriced. They don't offer anything extraordinary from other lending companies. They force very very long hours on their employees due to the nature of their business and they select who they choose to enforce their non-compete agreements upon. Sexual Harassments and hostile work environments are rampant at this place. I've witnessed senior leadership partake in the use of illegal drugs with team members. They pay their bankers HALF TIME when they work overtime. This is as "big corporation" as it gets - they care about nothing but their bottom dollar and protecting their picturesque perfect image to the public. They are far from it - if you're looking for a place to originate mortgages, look elsewhere. This is no home for a real loan officer. If you're new to the industry and wanting to get your feet wet - fine, but get out once you have a year or two of experience, be quiet about where you go and don't go to a broker shop that they have a personal vendetta against or you will end up in litigation over their egregious non-compete clause.

2.0
Mar 24, 2023

Used to be great...

Recommend
CEO approval
Business Outlook

Pros

-Casual attire -Great benefits -Tickets to sporting events -Some genuinely good people remaining -Relatively generous PTO -Excellent diversity and inclusion -Money is good for top performers

Cons

-Chooses shareholders over team members -Enthusiasm from upper management is very staged -Lead distribution is extremely top heavy; clearly designed to maintain tenured bankers -One bad month puts you in the lead pool of recycled, disinterested, and recently denied applicants -Fired 1,000 bankers in one fiscal quarter -Pushing (in some instances, requiring) people who aren't performing to work extra hours and weekends, but with minimal change in the lead quality. While some would say "the banker is weak for not being able to make more of the leads," and I'm sure there's some validity to that, it's nearly impossible to convert the leads who have been denied in the past few weeks or purchased their home less than 9 months ago. This place used to be amazing...I was so happy and proud to be a part of this organization, but ever since interest rates drastically increased, the culture has turned sour and the "excitement" passed down from above has been so outrageously fake. Management (meaning the people not in Cleveland) likes to poke fun at the people posting in the Reddit thread about everything going wrong with the organization, but there is SO much validity to what is said there. Several people have had to take a leave of absence because of the strain this company and industry have had on their mental health. I have yet to see someone return from that and succeed. With the upcoming financial decline on the horizon, it's almost certain that things across the board are going to get worse.

1.0
Mar 8, 2023
Recommend
CEO approval
Business Outlook

Pros

Money was okay when the market was good.

Cons

This company is a cult. Everything is meant to brainwash you. They make you feel like leaving them would be the worst mistake of your life. Long hours with no compensation if you don’t produce (no one is producing in the current market). Overtime is paid in half time somehow. Every hour past 40 I was earning half of the hourly rate. Advancement in the company is an illusion. A good market allows for growth but it’s all taken away the minute the market is bad. Your whole position is extremely volatile and to a certain extent completely out of your control.

Viewing 52 - 54 of 5,628 Reviews

Glassdoor has 6,520 Rocket reviews submitted anonymously by Rocket employees. Read employee reviews and ratings on Glassdoor to decide if Rocket is right for you.