Pays well - Loan Officer Newrez Employee Review

4.0
Jul 21, 2021
Recommend
CEO approval
Business Outlook

Pros

Pays well, commission structure is way better than Freedom Mortgage and NewDay USA, no leads hierarchy meaning on the first day you are taking inbounds

Cons

Management keeps hiring as sales continue to go down. To stay afloat they will have to do a mass firing of loan officers. The heads of the company went bankrupt a few years ago and changed the name of the company. Every day they prove to you that they are even dumber than you thought they were. You start to wonder if you are dumb for still being surprised or if you are really witnessing what you are witnessing. They are just shockingly stupid. They don't have their leadership roles because of their intelligence. America and/or capitalism can just be random that way. Don't lose your sense of humor - the pay makes up for it if you can tolerate a lot.

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

avatar
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.
See reviews by: Helpful|Rating|Date|All