The most TOXIC place to work - a form of modern SLAVERY! Robots only need to apply - Mortgage Loan Officer Newrez Employee Review

1.0
Sep 1, 2020
Recommend
CEO approval
Business Outlook

Pros

Pay is not as bad, but they are practically buying your freedom to even go to the bathroom

Cons

If you are a Robot that needs no water breaks, bathroom breaks, no feelings and no love for your life then this is the job for you, otherwise keep in mind the following: (I have proof of all this, of course I'm not sharing publicly, but I do have proof that all the following takes place at this company) the most TOXIC place to work for 1. NOT allowed to use the bathroom unless is during your scheduled break - if you need to pee or poop outside your break you need a doctor's note 2. Not allowed to have. drink of water between calls as there's no such thing as "between calls" - it is a constant ring - one call right after the other 3. If a customer calls you names, insults you or is being nasty - you HAVE to take it - they don't care what you as the employee suffer 4. They could care less about the employee 5. No real benefits for the employee - you're just a number to them 6. Supervisors are not willing to help you - so you're on your own 7. Customer's hate it but they have no saying on who manages their loan 8. Supervisors are horrible - if you try to escalate a call to them prepare for a write up 9. Training is horrible they don't prepare you not even 25% of what you will be really dealing with on a daily basis. 10. if you ask too many questions counts against you 11. if you need to transfer a call - it counts against you 12. Don't even think about taking a day off 13. Don't even think about getting sick all of the sudden - you need to plan your sick time same as you need to plan your pooping and peeing time. 14. If you're helping a customer and is your break time - you can't terminate the call but it will count against you - cause you didn't go on break at the scheduled time. 15. if you need to pee to many times during the day - you will need a doctor's note 15. If you need to poop make sure your poop comes out quickly - cause if you take more than 3 minutes - you will need a doctor's note - and I am not exaggerating! (I have screen shots of all this conversations from managers) I can go on and on but this will give you a good idea

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
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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