A financial rewarding career with a stable, growing market leader. - Senior Mortgage Consultant Newrez Employee Review

5.0
Sep 10, 2014
Recommend
CEO approval
Business Outlook

Pros

The major advantages of working at New Penn Financial are the array of product offerings (they are a direct seller/servicer for Fannie, Freddie & Ginnie plus have a portfolio of Jump Loans all serviced in house), underwriting turn times average about 24 hrs and they provide high quality internet leads for loan officer. The other characteristics I enjoy about this organization is that they have a great compensation plan, provide a great work life balance and continue to invest in their employees via training & system enhancements.

Cons

The cons associated to New Penn are similar to those I have seen at other lending companies, which stem traditionally from the ever changing lending environment but over the last two years I have seen some growing pains associated to new software/system deployment and more exposure to upper management would be nice.

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
1d
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
1d
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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