Steer clear of the technology organization - Information Technology Newrez Employee Review

1.0
Sep 28, 2021
Recommend
CEO approval
Business Outlook

Pros

I was paid competitively and had the benefits of working remotely. I worked with a few strong technologists while at Newrez that I could tell were passionate about their craft and they were great to work with daily.

Cons

Company mergers forged this company and will continue to forge them with their latest. As you meet the team members who have lived through each of the mergers and still work for Newrez, you will find that many harbor resentment for being a part of these mergers but may still be sticking around the organization due to higher pay or the promise of more prominent titles opening in large part due to the high turnover. All of these major changes have left a company with a lack of identify internally and a toxic work culture with team members in every department. The multiple year battle to integrate with another massive company will just compound this further. Additionally, the decisions for technology direction have largely been fed by business leadership at the expense of the customer's happiness. Read enough reviews on the internet from customers complaining about their refinance taking 3-6 months and you'll understand more about this company. Strong on getting you in the door - all the rest? Good luck. Lastly, I left Newrez for a better professional opportunity. I was not treated poorly personally and was happy to have had an opportunity to work there. However, I think people should have a realistic expectation set for them before considering joining the company. I joined without this understanding and had I known what to expect up front I may have chosen otherwise.

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Newrez Response
4y
We understand that transitional periods such as this can be difficult. We are always doing our best to grow as a company and make the process as smooth as possible for our employees, so we value your feedback. We wish you the best in your future endeavors.

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

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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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