A place comparable to a George Orwell novel, yet far more corrupt and disturbing - Anonymous employee Newrez Employee Review

1.0
Sep 26, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The only pro of this company is the sobering "be grateful for what you have" feeling when you start from another company or leave to go to another. This company is so terrible you will have a new appreciation for anything and anything else.

Cons

Terrible, removed management. The culture breeds a depressing toxic atmosphere. Everyday you begin work at this place, a part of your soul will die. There is no team building, encouragement or "fun" of any kind. That is completely frowned upon. It feels like a prison, and you'll be surrounded by miserable co-workers. They also overwork and underpay. Senior management refuses to spend money on upgrading systems or even giving their employees raises, yet the CEO started another Mortgage company and continues to pump money into that new venture. Oh, and if you leave they'll sue you. Not kidding, look up their law suits. They provide a terrible place to work but if you leave they will go after you legally. If you try to leave professionally, like giving your 2 weeks, they'll fire you on the spot. There are senior positions that just go "missing" and no one is apprised because the person tried to give their weeks noticed and they were escorted out that day.. with no regards to the state it leaves their team members in. This company does not care about the plebes, I mean people, that work for them. I cannot emphasize that enough. A peer of mine went through their MBA program, was paid 20k less than promised and then walked in one day after being out on PTO..to find his desk packed up.. not because he was fired, because the CEOs daughter interned starting that day and of course needed a place to sit. He wasn’t even assigned a new desk, this person actually had no place to sit to work. That’s the tip of the iceberg, you do not want to experience the entire thing, I promise you.

Explore other reviews about Newrez

5.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

I get to work remotely. They have a good retirement plan/401K. I work autonomously with very little oversight, meaning there's no micromanaging. They are great with holidays and time off. Very inclusive and socially aware. Those are two reasons I've remained employed by them.

Cons

The salary is lower than preferred. I've worked two years with zero pay increase because "no pay increases for remoter employees". The health insurance is lacking and not fantastic, but I'm not sure that's really a con since nearly every health insurance plan in America is lacking.

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Newrez Response
2d
Thank you for sharing your feedback. We're glad to hear you value the time off and inclusive culture. We also appreciate your perspective on compensation and benefits. Feedback like yours helps us continue to evaluate and improve the employee experience.
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

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Newrez Response
3d
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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