Expanding company with significant growing pains - Loss Mitigation Specialist Newrez Employee Review

3.0
Nov 18, 2021
Recommend
CEO approval
Business Outlook

Pros

The teamwork here is amazing. I have a great supervisor. The ability to take ownership of accounts to get to know the homeowners and build relationships with them. I honestly thought this would be the company from which to retire. Unlimited overtime is available and needed.

Cons

Low starting wage for the industry. The adverse changes started several months ago when the bonus structure became stricter making it being harder to hit bonus and/or get deductions from it. Then the company started to increase the time SPOCs spent answering the inbound call queue yet expected to have all of our daily deliverables met before we can call it a day. Then a new phone system was implemented that is a total disaster making SPOC work-life miserable. The constant emails sent for SPOCs to answer inbound calls when we are supposed to have time to work on our own pipeline of work doesn't allow time to focus on a task for very long, making file mistakes inevitable. Having to answer calls from outside of our expertise, ie: servicing Custom/Conventional loans is different from Government loans because the loss mitigation programs offered to homeowners are different. Having SPOCs answer all inbound lines means that we have to take ownership of a call without the knowledge necessary to answer questions or the ability to fully help a homeowner because we are not the experts for that type of loan. Inbound call handling is a part of the job but it shouldn't become the job as it has over the past several weeks and it doesn't look like it is going to change. I took this job to be able to help homeowners find alternatives to foreclosure. Not only do I love doing that, I am extremely good at it. . But I can't handle constant incoming calls. My productivity has suffered and so has my enjoyment of the job.

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Newrez Response
4y
Thank you for your review. We understand you have serious concerns about our compensation structure. Unfortunately, it’s difficult for us to respond appropriately to anonymous reviews, so we encourage you to take advantage of our “open-door” policy and share your thoughts with your supervisor. But if you don’t feel that is a viable option, please talk with one of your supervisor’s senior managers or someone in Human Resources. We always strive to emphasize and improve our culture that values everyone, and we need everyone’s input—including yours—to grow and advance.

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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