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      Newrez

      Engaged Employer

      Newrez reviews

      DO...NOT...WORK...HERE! - Loss Mitigation Loan Modification Creator Newrez Employee Review

      1.0
      Oct 4, 2019
      Loss mitigation loan modification creator
      Recommend
      CEO approval
      Business Outlook

      Pros

      I really enjoyed the nature of the work creating loan modifications, and having no customer contact.

      Cons

      FACT: This is nothing more than a $35K to $45K job that should be paid much more, due to what is required. The PAY PLAN system is UNETHICALLY RIGGED to keep more money in the company's pockets. OVERTIME is MANDATORY, and fluctuated wildly. The reason many people have been there so long is because they have zero time to search for a better job. The loans are so haphazardly created, I can see this company either breaking laws or folding.

      avatar
      Newrez Response
      6y
      Thank you for your review. You obviously have serious concerns, but it’s difficult for us to respond effectively to anonymous reviews. We hope you shared your thoughts with our Human Resources team during your exit interview; but if you didn’t, we invite you to contact our HR team. We acknowledge that we’re not a perfect company, nor are we the right fit for everyone. However, we are working to build a culture that values everyone, and your input can help us achieve that goal.

      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.

      avatar
      Newrez Response
      1w
      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

      avatar
      Newrez Response
      1w
      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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