Good & Bad - Junior Loan Processor Newrez Employee Review

4.0
Jul 18, 2021
Recommend
CEO approval
Business Outlook

Pros

This is a good entry level position into the mortgage processing industry. Once in the position for 1 year, the opportunities for advancement are limitless. My team had a good support system from direct manager. Very minimal micro management which makes people want to stay for the long-term. There is a mountain for information to learn and know for the first 3 months, but after that you'll know what you are doing.

Cons

The training is not the best. Most of what you learn is through making mistakes (trial & error). You have to be comfortable with asking for help, and good at either remembering everything or taking notes. The other downside is that the health insurance is very expensive here and investing in the 401K just doesn't make sense if you don't plan to stay longer than 3 years because you will not be able to keep most of the money.

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
2mo
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
2w
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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