Rocket reviews

3.4

53% would recommend to a friend

(1,761 total reviews)
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Varun Krishna

63% approve of CEO

47% positive business outlook

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2K reviews

Reviews about "Compensation"

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1.0
Apr 20, 2013

Terrible Scheme

Recommend
CEO approval
Business Outlook

Pros

Good people, young company, and sometimes got free tickets to Cavs games, good training

Cons

Way too long of hours for little pay. If you are very good, you can make good money but the pay structure is hourly plus commission. Put in 70+ hours and anything over 40 hours is half pay. (yes that is half pay not time in a half). If it wasn't for the commission aspect, you would make less than minimum wage. Although they say you won't "cold call" anyone, you will call plenty of people that didn't mean to apply and/or have already been denied by a different Quicken Loans banker or said they don't want to be called anymore by Quicken Loans. If you don't get cussed out 3-4 times a day, you are not making the 40-60 calls required by the company (unless you have been there for a long time and you get all the good leads). Started in a training class of 20 and before the 1 year anniversary, there were 4 people left.

3.0
Apr 12, 2013

Work hard and play hardly

Recommend
CEO approval
Business Outlook

Pros

Good opportunity to get experience working for a well respected industry leader. Excellent pay and solid benefits, telecommuting, cash and spot bonuses, company trips.

Cons

Difficult to get used to the long hours ,ever changing work environment, and gaging advancement potential. In some areas employee movement/turnover abounds. The company tries to set itself apart as a whole and distance itself from the usual ugly corporate image. This image however, rears it's ugly head more often than not depending on what work team you are assigned to.

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