75 / 25 - Loss Mitigation Specialist Newrez Employee Review

2.0
Aug 20, 2024
Recommend
CEO approval
Business Outlook

Pros

The pros would be the location. The area was very accessible to freeways, restaurants, and other shops/stores. The executive management team's vision for company growth and work-life balance was great.

Cons

The Coppell, TX Branch middle-level management loses all site of the corporate vision and has no regards for work-life balance. The supervisor on the floor has several bad apples in the group. It is a true liability to allow a person to be promoted to a person Supervisor role with no experience and no management training. Not only is it a liability to the company, but it also has a negative effect on the people who work under the leadership. There are floor Supervisors who are guilty of overt ageism. Long-term workers with a lot of operational department knowledge are not promoted due to not belonging to the right social group. Also, note that these Supervisor level teams are unable to assist their team members with simple tasks, such as ensuring that all of their team members have completed their timesheets correctly. Able to request all of the earned commission and bonus that have been submitted for payout. With the company's acquisitions and onboarding of new portfolios, no adjustments are made to the pay metric for employees' commissions. Shellpoint retention rate of talented individuals is very high. Little to no value is given to fresh new talent; they all have to go through the same floor and click try out a tiny group of judgmental seniors on the floor.

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Newrez Response
1y
Thank you for posting your review. We can see that you had concerns about your workplace, but we hope you realize that it’s difficult for us to respond in any meaningful way to anonymous reviews. We hope you shared your thoughts with our Human Resources team during your exit interview. We're working hard to maintain a corporate culture that values everyone's viewpoint, and we need every person’s input—including yours—to grow and advance as an organization.

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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