Is Newrez a good company to work for?

Newrez has an overall rating of 3.5 out of 5, based on over 1,537 reviews left anonymously by employees. This rating has increased by 2% over the last 12 months. 61% of employees would recommend working at Newrez to a friend and 60% have a positive outlook for the business. The best reviews about Newrez have been left by employees working as Production Assistant , Team Lead and Business Analyst .

Does Newrez pay their employees well?

According to anonymously submitted Glassdoor reviews, Newrez employees rate their compensation and benefits as 3.6 out of 5. Find out more about salaries and benefits at Newrez. This rating has been stable over the past 12 months.

How satisfied are employees working at Newrez?

61% of Newrez employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Newrez 3.4 out of 5 for work life balance, 3.5 for culture and values and 3.5 for career opportunities.

What are the top reviewed jobs at Newrez?

Loss Mitigation Specialist (70) , Mortgage Loan Officer (67) , Mortgage Consultant (53) , Loan Officer (46) , Mortgage Loan Processor (46) , Loan Processor (43) , Mortgage Underwriter (31) , Underwriter (26) , Analyst (23) , Loan Consultant (19) , Manager (19) , Performing Loan Consultant (18) , Production Assistant (16) , Team Lead (15) , Account Manager (14)

What are the pros of working at Newrez according to real employee reviews?

"Benefits are good If you are single but very expensive for families" ((in 84 reviews)); "pay WAS good but now its hard to make a money and low hourly pay" ((in 82 reviews)); "Great people to work with" ((in 67 reviews)); "have great managers family values are important" ((in 42 reviews)); "Work from home is great" ((in 40 reviews))

What are the cons of working at Newrez according to real employee reviews?

"Bad management And takes forever to move up" ((in 80 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 52 reviews)); "Massive layoffs continue." ((in 36 reviews)); "Poor communication and infrastructures." ((in 21 reviews)); "Long hours for high profile projects" ((in 15 reviews))

What are employees saying about Newrez layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Newrez layoffs and their outlook for job security at Newrez in 2026.

What are the top reviewed Newrez locations?

Greenville , Coppell , Fort Washington , Houston , Tempe , Dallas , Plymouth Meeting , Philadelphia , Irving , Columbia , Charlotte , Tampa , Oklahoma City , Jacksonville , Strongsville , San Diego , Phoenix , Raleigh , New York , Indianapolis , Los Angeles , Kirkland , Katy , Texas City , Seattle , Downers Grove , Virginia Beach , Chandler , Denver , Monroe

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Newrez

Newrez reviews

3.5

61% would recommend to a friend

(1,496 total reviews)

Baron Silverstein

69% approve of CEO

60% positive business outlook

Ratings by category

4.0

Diversity & inclusion

3.6

Compensation and benefits

3.5

Culture & values

3.5

Career opportunities

3.4

Work/Life balance

3.4

Senior management

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).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

1K reviews

2.0

Apr 18, 2019

Embarrassed

Embarassed

Recommend

CEO approval

Business Outlook

Pros

You get to work indoors

Cons

Pay is awful and no matter how hard you work it doesn't improve because they keep changing everything. It's a lot of corporate lies and no reward for your time and effort. Management does well for themselves but noone else makes any money.

1.0

Aug 2, 2018

Do Not Work Here

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

There are not any pros. Wait, they brought back subprime mortgages so if you like to do very risky loans that the client comes last because they can't go anywhere else, this place is for you! Terrible management & outdated systems.

Cons

Are you looking to work for a mortgage company that doesn't care about their clients? Google their reviews that will tell you enough.

1.0

Mar 6, 2018

Horrible comp click to dial. like outbound this is the spot bad upper management. consumer direct model is archaic.

Manager

Recommend

CEO approval

Business Outlook

Pros

Good flexibility nice area in desert ridge. No one cares if you take a lot of vacation no micro management

Cons

All outbound no way to access leads hard to ramp up. 2500 1 month sign on. Very difficult to survive need to make 100 dials plus to have any shot here - recently downgraded comp plan and sign on plan. Not good

Viewing 88 - 90 of 1,496 Reviews

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Jobs at Newrez

Supervisor, Quality Control- Call Monitoring

VP, Financial Controller

Jr. Mortgage Consultant

Fort Washington, PA

View job

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Newrez

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Embarrassed

Do Not Work Here

Horrible comp click to dial. like outbound this is the spot bad upper management. consumer direct model is archaic.

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