A solid and honest organization with an encouraging, flexible environment and productive culture - Senior Mortgage Consultant Newrez Employee Review

5.0
Sep 11, 2014
Recommend
CEO approval
Business Outlook

Pros

Innovative and competetive products, Strong financial backing, Services their own portfolio, Experienced & proven management, Schedule flexibility, Easy to produce, Quick turn times, Awesome lead-calling system, Caring & involved management I can't speak for all locations, but Strongsville has a really amazing group of people that all work closely together to get loans done. Everyone is willing to lend a hand to anyone to help close a loan, and it's the only place I've ever worked where I feel like a whole team is working together instead of people being self-serving. Managers are hands-on and really care about their employees' incomes and success. The atmosphere is incredible and inviting, and the office always hosts small events to help keep stress levels down and the job fun.

Cons

Origination systems are cumbersome, Time management between originating and processing can be difficult, Can be stressful (part of the job anywhere), Time off expires at the end of each year instead of accruing There's very little bad to be said about working here. This is a lower-paid compensation plan that I've had elsewhere, which made me reluctant to make the move to New Penn, but I've found that it's counteracted by being able to close more loans per month. You do have to be a little more involved in the processing side than other companies, but when you get a loan, you know it works instead of waiting for a processor to tell you that it won't get approved 3 weeks later.

Explore other reviews about Newrez

5.0
May 14, 2026
Recommend
CEO approval
Business Outlook

Pros

Strong leadership and consistent strive towards growth and success

Cons

None at this current time

avatar
Newrez Response
1mo
Thanks for the positive feedback! We’re so happy to hear that you’re having a great experience with us. Your support means a lot and helps us keep moving in the right direction. We appreciate you taking the time to share your thoughts!
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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