Great place to start out - Mortgage Consultant Newrez Employee Review

3.0
Jul 28, 2018
Recommend
CEO approval
Business Outlook

Pros

-The people there mean well. My co-workers in my department are pretty friendly with one another. -Flexible/lax work hours (coming in late/staying late or coming in early/leaving early are OK). At least in sales. -Perfect place to work right out of college. Little-to-no experience is not frowned upon. -Paid licensing. -Support and training is frequent. It's meant to keep everyone informed and knowledgeable of the changes in the company/industry.

Cons

-Upper management is stuck in their ways and only care about their bottom line. -Churn-and-burn work environment. Getting burnt out and feeling unappreciated is extremely common. -Favoritism and preferential treatment is rampant. -Departments keep to themselves and don't care for other departments. It is very, very cliquey. -Transitioning to another department is a delicate balancing act. Either the transition will be smooth and natural, or strained and even blocked if management doesn't want you to move because you're effective in your current role (regardless of your feelings/needs).

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
3d
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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