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      Newrez

      Engaged Employer

      Newrez reviews

      Good learning opportunity, but low pay and competition issues - Mortgage Loan Officer Newrez Employee Review

      2.0
      May 21, 2026
      Mortgage loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great place to learn the ropes of the mortgage business. Managers are cool.

      Cons

      Very low compensation plan compared to other places. In order to reach a certain level of pay, you have to reach certain “tiers” — even the highest “tier” is low compared to other companies out there. Hired way too many people so the leads are very little. Rely mostly on credit triggers. Not enough products to help all customers (down payment assistance, grants). Rates are non-competitive, especially when credit unions are who you’re competing with.

      avatar
      Newrez Response
      4w
      Thank you for sharing your experience. We're glad to hear you've had a good experience with your managers and were able to learn from them. We also hear your feedback on compensation, leads, and product offerings. That kind of input is important and will be shared with the team as we continue to improve.

      Explore other reviews about Newrez

      5.0
      May 14, 2026
      Director
      Recommend
      CEO approval
      Business Outlook

      Pros

      Strong leadership and consistent strive towards growth and success

      Cons

      None at this current time

      avatar
      Newrez Response
      1mo
      Thanks for the positive feedback! We’re so happy to hear that you’re having a great experience with us. Your support means a lot and helps us keep moving in the right direction. We appreciate you taking the time to share your thoughts!
      2.0
      Jul 1, 2026
      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      - Great work/life balance - Awesome coworkers - Lots of opportunities to try new things and be innovative

      Cons

      - Senior leadership does not value remote workers and doesn't get to know them/engage with them - Frequently lays off remote employees, regardless of performance, achievements, or job role, sometimes without offering options to move or relocate. They also on occasion use underhanded tactics to pressure remote employees to leave so they don't have to pay out severance. Lastly, unless required by your state's law, they never pay out your remaining time off - If you start underpaid, you will remain underpaid even after promotions - Job performance does not impact yearly bonuses/increases. Pay doesn't keep up with inflation

      avatar
      Newrez Response
      21h
      Thank you for sharing your experience. Your feedback matters, and we’ll make sure it’s reviewed by our team as we continue working to improve. We appreciate you taking the time to let us know your thoughts.
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