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
1.0
Aug 22, 2024

Worst job I ever had.

Recommend
CEO approval
Business Outlook

Pros

They have a strong focus on capitalism, which may appeal to those who prioritize that economic approach.

Cons

During an acquisition, I was temporarily hired and was initially assured a permanent role by upper management due to a purported "need for UX and CX." Before the acquisition was finalized, I had what felt like a "mini-interview," during which they expressed enthusiasm for my portfolio, even stating they were "fascinated" by it. However, once the merger was completed, they laid off over 170 employees, claiming it was the final round of layoffs. Despite these assurances, I was soon connected with the only other experience designer in the company, which operates under a large umbrella of businesses. My role quickly devolved into tasks that were largely graphic design in nature—resizing photos and creating wallpaper designs—rather than the UX/UI work I was initially hired to perform. No proper workflow or pipeline was ever established for me, and there was a complete lack of communication regarding my official duties. Essentially, I was given busy work with no clear direction or purpose. After nearly two months of silence, I was suddenly called into a meeting with HR alongside 70+ colleagues, only to be informed of yet another round of layoffs. I was issued a 60-day WARN notice, with my final day set for next Monday. However, they revoked my system access a week prior, effectively isolating me from the company before my employment officially ends. To add insult to injury, I discovered that the "Experience Designer" role was reposted on LinkedIn, with the location specified as either New York or Pennsylvania. This strongly suggests that my termination may have been motivated by their reluctance to maintain an office presence in Colorado, as they are a company that prioritizes on-site work. This experience has left me deeply disillusioned, and I would strongly advise against working at NewRez LLC. The lack of professionalism and the unethical treatment I experienced is not something I would wish upon anyone.

avatar
Newrez Response
1y
Thank you for your feedback. We take your concerns seriously and are committed to continuous improvement. We will ensure that your comments are communicated to our internal team for further consideration. We appreciate you taking the time to share your thoughts with us.
1.0
Aug 8, 2024
Recommend
CEO approval
Business Outlook

Pros

Management at Newrez are good talkers and will make you feel needed (temporarily).

Cons

Newrez does not value their employees and solely cares about their bottom line. They talk a big talk and make assurances they cannot deliver on. I don’t believe they want their employees to grow, they just want to use them until they are done with them.

avatar
Newrez Response
1y
Thank you for providing your feedback. We take your concerns seriously and are committed to improving our processes. Your comments will be forwarded to our internal team for further review. We appreciate you taking the time to share your insights with us and wish you all the best in the future.
2.0
Feb 13, 2024
Recommend
CEO approval
Business Outlook

Pros

-Middle management and coworkers are helpful and responsive

Cons

-No raises -Have a strict no work from home policy for corporate culture -Pizza parties are the corporate culture -Corporate leadership consistently and constantly make poor decisions that have sweeping negative impacts on the whole company

Viewing 100 - 102 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.