Land Your Dream Job as a Rocket Mortgage Loan Officer

If you’re a passionate self-starter with experience in sales, we have the career for you. Our teams set you up for success, so you have the freedom to take on more challenges, more rewards and more opportunity within our banking roles.

Are you looking to start an exciting and rewarding career in the mortgage industry? Rocket Mortgage, America’s largest mortgage lender, has fantastic job opportunities for mortgage loan officers across the country As a Rocket Mortgage loan officer, you can take your sales skills and passion for helping homebuyers to the next level

In this article, we’ll give you an inside look at what it’s like to work as a Rocket Mortgage loan officer We’ll cover the day-to-day responsibilities, earnings potential, qualifications, and steps to get hired Whether you’re just starting out in sales or are an experienced mortgage pro, read on to see if a career as a Rocket Mortgage loan officer could be right for you!

What Does a Rocket Mortgage Loan Officer Do?

Rocket Mortgage loan officers are commission-based sales professionals who help prospective homebuyers go through the mortgage application and approval process. As a loan officer, you’ll meet with clients, collect documentation, analyze financial details, and consult on the best mortgage products and rates for their needs.

A typical day in the life of a Rocket Mortgage loan officer may include:

  • Fielding inquiries from potential homebuyers
  • Pre-qualifying clients and educating them on mortgages
  • Collecting financial documents and inputting application details
  • Assessing clients’ financial situations and determining best mortgage options
  • Consulting on different loan types, rates, fees, and programs
  • Submitting completed mortgage applications and supporting docs
  • Communicating with underwriters as needed during approval process
  • Advising clients throughout process until closing
  • Acting as main point of contact for all mortgage-related questions

In a nutshell, loan officers guide homebuyers through every step of the home financing process. You’ll develop relationships with clients and be their trusted advisor for the life of the loan and beyond.

What is the Earning Potential for Loan Officers?

One of the biggest perks of being a Rocket Mortgage loan officer is the uncapped earning potential. Rocket Mortgage loan officers earn commissions based on the dollar amount of loans they originate.

On average, loan officers earn $76,000-$180,000+ per year, depending on experience level and sales volume. Top producers can earn well into the six figures.

Rocket Mortgage provides you with all the tools and resources you need to maximize your income potential:

  • Leads: You’ll get high-quality company-generated leads so you can focus on selling rather than prospecting.

  • Support: Experienced mentors coach you on improving sales skills and increasing conversion rates.

  • Technology: Rocket Mortgage’s digital tools streamline the process for you and clients.

  • Brand recognition: Rocket Mortgage’s national prominence means instant credibility with clients.

With the Rocket Mortgage sales system guiding you, dedicated loan officers can build a book of business worth over $100 million. The income potential is truly unlimited.

What are the Qualifications to be a Loan Officer?

While mortgage industry experience is valued, it’s not required to start a lucrative career as a Rocket Mortgage loan officer. Rocket Mortgage welcomes driven and outgoing people from diverse backgrounds who exhibit these core attributes:

  • Sales aptitude and perseverance
  • Strong communication and listening skills
  • Ability to multi-task and manage time effectively
  • Comfort explaining complex financial information
  • Motivation to help clients achieve homeownership dreams

In terms of hard skills, you’ll need:

  • High school diploma or GED
  • Basic computer literacy
  • Willingness to obtain necessary licensing

Rocket Mortgage offers paid licensing training to get new loan officers up to speed quickly. You’ll get coached on everything from mortgage regulations to sales strategies. Ongoing professional development and leadership programs allow for continuous skills growth.

How to Get Hired as a Rocket Mortgage Loan Officer

Now that you know more about the loan officer role and Rocket Mortgage culture, here are the steps to launch your new career:

1. Search current job openings. Rocket Mortgage frequently posts new loan officer opportunities around the country. Check out their website for openings in your desired location.

2. Submit an application online. Visit the job posting and click “Apply Now.” Sign into your account or create an account to get started.

3. Complete your application. Thoroughly fill out all sections of the application and attach an updated resume.

4. Interview for the role. If your background is a fit, a recruiter will reach out to schedule a phone or video interview. Be prepared to discuss your sales experience and interest in the mortgage industry.

5. Obtain mortgage licensing. If hired, Rocket Mortgage will sponsor you through the licensing process so you can originate mortgages.

6. Attend orientation and training. Once licensed, you’ll partake in a comprehensive training program to master mortgage essentials.

7. Build your book of business. With your mentor’s guidance, you’ll start taking leads and building relationships with homebuyers.

With commitment and perseverance, you can build an amazing career helping clients finance their dream homes as a Rocket Mortgage loan officer. The process starts by taking the leap and applying today!

Rocket Mortgage Perks and Benefits

In addition to unlimited earning potential, Rocket Mortgage offers loan officers an excellent benefits package:

  • Medical, dental and vision insurance – Choose from several plan options to cover you and your family.

  • 401(k) retirement plan – Take advantage of matched contributions for healthy savings.

  • Stock options – Share in Rocket Companies’ success as a publicly traded company.

  • Tuition reimbursement – Get financial assistance to pursue continued education.

  • Paid time off – Rest and recharge with vacation days, sick time and holidays.

  • Parental leave – Bond with a new child through company-paid parental leave.

  • Wellness program – Receive support for your physical, mental and financial health.

  • Employee discounts – Save money on mortgage, real estate and other services.

Rocket Mortgage promotes work-life balance and wants employees to thrive in and out of work. The great benefits enable you to focus on what matters most – your career growth.

Why Choose a Career with Rocket Mortgage?

There are so many advantages to starting your mortgage sales career with an industry titan like Rocket Mortgage:

  • Unmatched name recognition – Rocket Mortgage’s national marketing campaigns give you immediate credibility.

  • Technology driven – Leverage innovative tech to streamline the mortgage process.

  • Proven sales training – Get coached by top producers on strategies to excel.

  • Tons of resources – Access lead generation tools and marketing materials.

  • Leadership opportunities – With success, open doors to mentor newer loan officers.

  • Career growth – The sky’s the limit for income potential as your expertise expands.

  • Making dreams reality – Help hardworking people achieve the ultimate dream – homeownership.

As America’s #1 mortgage lender, Rocket Mortgage gives you all the ingredients for an uber-successful career in mortgage sales. Take the first step and see everything Rocket Mortgage has to offer!

Start Your Rocket Mortgage Career Today

Rocket Mortgage loan officers enjoy flexible schedules, uncapped earning potential, great benefits and opportunities to change lives through the power of home.

With mortgage rates still near all-time lows, countless homebuyers need trusted guidance from mortgage experts like you. When you provide smart, ethical mortgage advice, you empower families to make one of the most important financial decisions of their lives.

Bring your sales talent to Rocket Mortgage and be part of a company leading the future of lending. Help deserving clients join the 94% of Rocket Mortgage homeowners who say they made the right decision choosing them as their mortgage lender.

Visit the Rocket Mortgage career site today to browse current loan officer openings. Ready to take the next step? Submit your application now and get on the path to a rewarding, income-boosting career as a mortgage loan officer with Rocket Mortgage!

Unlicensed Loan Officer: Bring Your Sales Spark

As an Unlicensed Loan Officer, you get so much more than a traditional sales role. Receive paid training, competitive benefits, uncapped commission, company generated leads and more. If you’re based in Detroit, Phoenix or Cleveland, apply today!

Licensed Loan Officer: Bring Your Expertise

Bring your experience and skills to our team and see how a role at Rocket can give you more. If you’re a NMLS Licensed Loan Officer based in Detroit, Phoenix or Cleveland we have a career challenge for you. Get competitive benefits, company-generated leads, paid training and more.

Mortgage Loan Officer Training Program

FAQ

Is it worth it to work for Rocket Mortgage?

Mortgage Loan Officer professionals working at Rocket Companies have rated their employer with 3.0 out of 5 stars in 447 Glassdoor reviews. This is a lower than average score with the overall rating of Rocket Companies employees being 3.5 out of 5 stars.

Has Rocket Mortgage laid off employees?

Rocket has undertaken multiple rounds of employee buyouts since the mortgage industry lurched from boomtimes to a slump once mortgage rates started climbing in early 2022 from historic lows.

What does a mortgage loan officer do in Rocket Mortgage?

Guide clients in obtaining mortgages by answering their questions, collecting necessary documents and verifying information. Advise on the home buying or refinance process, providing exceptional client service along the way. Respond to potential inquiries from company-generated prospects.

How much money does Rocket Mortgage make?

Formerly
Rock Financial (1985–1999) Quicken Loans, LLC (1999–2021)
Brands
Rocket Mortgage
Revenue
US$15.735 billion (2020)
Operating income
US$9.532 billion (2020)
Net income
US$932 million (2020)

Leave a Comment