Is Newrez a good company to work for?

Newrez has an overall rating of 3.5 out of 5, based on over 1,537 reviews left anonymously by employees. This rating has increased by 2% over the last 12 months. 61% of employees would recommend working at Newrez to a friend and 61% have a positive outlook for the business. The best reviews about Newrez have been left by employees working as Production Assistant , Team Lead and Business Analyst .

Does Newrez pay their employees well?

According to anonymously submitted Glassdoor reviews, Newrez employees rate their compensation and benefits as 3.6 out of 5. Find out more about salaries and benefits at Newrez. This rating has been stable over the past 12 months.

How satisfied are employees working at Newrez?

61% of Newrez employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Newrez 3.5 out of 5 for work life balance, 3.5 for culture and values and 3.5 for career opportunities.

What are the top reviewed jobs at Newrez?

Loss Mitigation Specialist (70) , Mortgage Loan Officer (67) , Mortgage Consultant (53) , Loan Officer (46) , Mortgage Loan Processor (46) , Loan Processor (43) , Mortgage Underwriter (31) , Underwriter (26) , Analyst (23) , Loan Consultant (19) , Manager (19) , Performing Loan Consultant (18) , Production Assistant (16) , Team Lead (15) , Account Manager (14)

What are the pros of working at Newrez according to real employee reviews?

"pay WAS good but now its hard to make a money and low hourly pay" ((in 87 reviews)); "Benefits are good If you are single but very expensive for families" ((in 84 reviews)); "Great people to work with" ((in 67 reviews)); "Work from home and hours was great" ((in 41 reviews)); "have great managers family values are important" ((in 39 reviews))

What are the cons of working at Newrez according to real employee reviews?

"Bad management And takes forever to move up" ((in 77 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 56 reviews)); "Massive layoffs continue." ((in 37 reviews)); "Poor communication and infrastructures." ((in 24 reviews)); "Long hours for high profile projects" ((in 15 reviews))

What are employees saying about Newrez layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Newrez layoffs and their outlook for job security at Newrez in 2026.

What are the top reviewed Newrez locations?

Greenville , Coppell , Fort Washington , Houston , Tempe , Dallas , Plymouth Meeting , Philadelphia , Irving , Columbia , Charlotte , Tampa , Oklahoma City , Jacksonville , Strongsville , San Diego , Phoenix , Raleigh , New York , Indianapolis , Los Angeles , Kirkland , Katy , Texas City , Seattle , Downers Grove , Virginia Beach , Chandler , Denver , Monroe

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Newrez

Newrez reviews

Account Executive - Account Executive Newrez Employee Review

1.0

Jul 16, 2018

Account executive

Recommend

CEO approval

Business Outlook

Pros

Underwriting is very quick however, its only because the loan officer does ALL the work upfront. Heaven forbid you have an income discrepancy your file will sit there and not be worked until its cleared. This is a very family friendly environment. If you have a family and are able to balance your work time and min. pay, this is a good place for you.

Cons

The money, you have pay back $1500 every month, they say for leads. The leads are hit and miss at best. The initial training is a joke. If your not self motivated and catch on quick, your going to get a slow start. The normal ramp up time in this industry is 60 days, mentally and financially prepare for 90 at New Penn. If your planning on making the money you are use to at other places , DON'T. Its not going to happen. Its not a purchase driven company in a purchase driven environment. The average person is doing 2-3 loans for about $800k ( this is generous) =$5200 - $1500.00 (payback/leads= $3700 before taxes.

Explore other reviews about Newrez

5.0

Jul 5, 2026

Account manager

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.

Newrez Response

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

Newrez Response

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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Jobs at Newrez

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Account Executive (Express Wholesale Lending)

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