A good company for a career in the mortgage industry - Producing Sales Manager Newrez Employee Review

3.0
Sep 18, 2014
Recommend
CEO approval
Business Outlook

Pros

Direct lender with a great portfolio of products. Well capitalized and self-sufficient - same company owns lender, appraisal management, title, and servicer. Competitive commissions. Company paid marketing. Company paid training and licensing. Good training and professional development program. Good benefits - 401k match, health/dental, work/life balance, team competitions/events.

Cons

Cyclical industry - jobs/commissions are highly correlated to the market. Minimal price flexibility when selling and rates are slightly higher than industry average. Low base salary (just over min. wage) and commissions have a "standard deduction" so it's basically 100% commission. Managers earn more on their individual production than on their override so there is a conflict of interest. Behind the 8 ball with respect to technology. Operations can take precedence over sales when it comes to managing the pipeline - this is backwards and can be frustrating.

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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