Rocket reviews

3.4

53% would recommend to a friend

(5,633 total reviews)
avatar

Varun Krishna

63% approve of CEO

47% positive business outlook

Rocket has an employee rating of 3.4 out of 5 stars, based on 5,633 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
Dec 8, 2014
Recommend
CEO approval
Business Outlook

Pros

None really. You get to meet a lot of young people that are easy to relate to and chill

Cons

Wow where to begin. The way this company hires and treats its new mortgage bankers is criminal. The hours are long. 60-80 hours. Management is brainwashed and only cares about $ and instant results. The company really only hires college aged kids with minimal experience. They then set super high expectations for you and your minimal experience. The training here is not very good. Yes the training for passing SAFE is good, and so is Blueprint training, but those two aspects are nothing like the mortgage banking position. One of my uncles has 25 years fortune 300+ ceo experience. He was appalled at this firms style for new employees. Managements view seems to be wow it was very hard for me, so there's no reason newer employees shouldn't be run through the grinder just as hard. That's not how a company evolves and grows. It evolves by adapting and making it easier for new employees. Not 1 time in training were we encouraged to shadow the actual position. If I was there in mgt and knew of the 65%-75% 1st year TO ratio, I'd be encouraging that just a little. Blueprint mgt needs to wake up and realize BP is about 25X easier than the real job. They seem to think it prepares you very well for the position when this firms TO ratios indicate otherwise. Sure you can brag about your JD award that is bought buy wealth or your standing in market share, but you're working your employees 2x longer than those in the industry...

3.0
May 20, 2014
Recommend
CEO approval
Business Outlook

Pros

Great culture. Fun office environments. I feel like the pay is fair.

Cons

I dont think they value their employees very much. Basically forced to work long hours and not flexible with time off. I feel micro-managed. I feel the organization is very unorganized. People are hired and put to work with very limited knowledge which causes big problems and more work for others. I was basically self taught and learned on the job, which made my "getting up to speed" very slow.

1.0
Nov 5, 2013
Recommend
CEO approval
Business Outlook

Pros

If you are a 22-25 yo who thinks free popcorn and free slurpees make a great dinner several nights a week, this job is for you! If work is your life, maybe this job is for you.

Cons

The recruiter told me I would need to "drink the Kool-aid" to fit into the culture. The recruiter was too young to understand the reference for that remark. A job at Quicken is a short term proposition at best. Out of a training class of 40 mortgage bankers as I was hired in, 8 made it to the 9 month mark. How do they fail? Someone else mentioned the "frog in the water" trick. Here is how it worked in my case. The first six months were fine. Then came the test to see if I would "drink the Kool aid". To them, that meant that over the next two months, the quality of the leads I was provided with was reduced to a ridiculous level (yes, they can and do measure the quality of leads coming in and assign them as management sees fit). Since ALL leads for loans are generated through this system, my lack of productivity resulted in multiple meetings with HR in which I was encouraged to work more hours, evening hours, Saturdays AND Sundays in order to "get back on track". I'm sure this trick would work with a newbie out of college who couldn't yet tell a good lead from a bad lead. But I had MUCH more experience and drew the line at the 50 hours a week I had been and was willing to give them. In short, I didn't like the lead quality or the lead manipulation, I didn't like the constant measurement of all aspect of the job: phone calls, counted, timed, measured for duration, and monitored. The pay was not very good. My last day was my best day.

Viewing 253 - 255 of 5,633 Reviews

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