Nightmare - Human Resources Newrez Employee Review

1.0
May 19, 2022
Recommend
CEO approval
Business Outlook

Pros

A paycheck and health insurance - which you will need to pay for your mental health downward spiral once you start working here

Cons

I loved this company.. past tense. I really did. There was so much that was going right. The Executives cared, our diversity programming was great, leaders were being developed, and our culture was one of pride. That all changed right around the time almost every leader in HR left within the span of two weeks. They put a person over HR who had no HR experience and was in charge of Vendor Management and the whole company suffered as a result. Most of the diversity on the executive level was laid off, and all programming for the employees was basically halted. They did nothing for employee appreciation but a sentence or two from Baron, honestly it would have been better if they did nothing because that was a slap in the face. They stopped sending surveys to ask for our feedback so we don't even have a way to tell them how we feel. HR seems to have time to respond to these comments, which makes sense as they are public, but can't send a survey to ask us directly? A culture of nastiness and mistrust has taken hold. Most of the leaders left from the layoffs in HR are simply yes men and women to Baron and then every level down follows suit. The leaders who are left don't show they care or even consider us as valuable employees. Money is the sole driver, which is fine for the executives and stockholders and terrible for us as employees. Although, it's only a matter of time before the money saved from laying people off catches up with the poorly managed people, and even they start to feel it. I truly feel for the leaders who do care, a small number do exist, but I can't imagine they will stay. Every call/meeting is spent at least 50% decompressing from the unrelenting amount of stress everyone is under, and very little is actually being accomplished. The people they keep are those who they think are loyal to the individual leaders and not who are most skilled. So now you have 1/3 of the staff and none of the skills. Anyone who can leave did, and anyone with skills that is left is just waiting for a job offer. The amount of people I know who have started antidepressants or anxiety meds as a direct result of these things is terrible. Add to this a force-placed return to work with no real justification... it's an utter mess.

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Newrez Response
4y
Thank you so much for your honest review and we are saddened to hear you’re having such a frustrating experience. Insight like this is valuable for us as we continuously look to improve our employee experiences. We will be sure to share your feedback with our leadership team. Thank you again for your feedback.

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
1mo
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
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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