Newrez reviews

3.5

61% would recommend to a friend

(1,496 total reviews)

Baron Silverstein

69% approve of CEO

60% positive business outlook

Newrez has an employee rating of 3.5 out of 5 stars, based on 1,496 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Newrez employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

1K reviews
2.0
Dec 8, 2021
Recommend
CEO approval
Business Outlook

Pros

Decent pay, access to some good tools, name recognition, acquired by New Rez recently, looks like they will right the ship

Cons

Bad and slow underwriting, underwriters inability to follow guidelines, and if there is a gray area, that is filled in by personal opinion, on an a occasion I reached out to HUD and received in writing the interpretation of a guideline, an underwriter wouldn't accept this. Inability to communicate with underwriting, slapped on the hand if more than 1 email was sent. Processing is overworked and overwhelmed, close dates are just a "suggestion" never met closing dates, Calibers threats of "non-competes" to every employer who quits, that they will come after you if you leave. Management will only step in to "fix" things after you hand in your resignation. I was told that I need to put my job 1st, that my family would always bet there for me, it was at that point that I was ready to quit

2.0
Nov 5, 2021

A Real Review

Recommend
CEO approval
Business Outlook

Pros

Currently working from home through the end of the 2021, so no gas expense or commute woes. ACE recognition program is nice.

Cons

The system used (H20D) always has issues. No growth within the HUB. The compensation could be better. When interviewing make sure they provide you a hard copy of the job role if an offer is made, so if you find yourself doing a completely different role you can justify asking for a pay increase. This is a real problem!

Viewing 76 - 78 of 1,496 Reviews

Glassdoor has 1,537 Newrez reviews submitted anonymously by Newrez employees. Read employee reviews and ratings on Glassdoor to decide if Newrez is right for you.