Absolute disaster - Senior Leadership Newrez Employee Review

1.0
Mar 14, 2023
Recommend
CEO approval
Business Outlook

Pros

At this point - there are none. If I could have given 0 stars I would have

Cons

- non existent priorities. Every department is running from fire to fire with little to no direction or leadership. - leaders do not seem to understand issues that are leveled up or attempt to solve them (issues with paychecks not disbursing, loan officers not having working apply now links for WEEKS, basic day to day process issues, system issues). The most executive leadership is either completely unaware of how bad it is OR they have absolutely no clue where to start because of how large the pile of issues are - inconsistent work responsibilities. They’ve laid off over 60% of our staff after merging with Caliber and the market shift. There is no historical knowledge left. Everyone is asked to “carry more workload” with no pay increases, no cola raises, no promotions. Have been directly told to figure it out or find somewhere else to go. - there is no trust. Employees are at a complete loss. Company is most concerned with return to office and cancelling all their remote workers (ones that were actually hired as remote had to chose to go into a new office or take a pay cut). - all white men in executive leadership positions. Run. Absolutely run. This place is a nightmare.

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
3d
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
4d
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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