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
Aug 1, 2023
Recommend
CEO approval
Business Outlook

Pros

If you still work here, the pay was good and the benefits were okay.

Cons

This company was awesome to work for at one time but they sold out to another company called NEW REZ and kept the Caliber Name. They really just wanted the IT Platform and some of the business lines. They laid off everyone during a 2-minute web meeting and then tried to not pay unemployment.

2.0
Mar 22, 2023

It has become a call center

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Shellpoint pays pretty good, and has good benefits. For the most part the schedule is a little flexible.

Cons

Has become a call center, the only thing that matters to Shellpoint at this moment is making sure the calls get answered, no matter if the customer gets the correct answer or not, at least the call got answered. No matter if you get any work done at least the calls weren't abandon. You literally have to work overtime to get work done. They dont train new employees well. There is no such thing as work life balance unless you dont have to answer the phone, which the pay for those positions are low. I can go on and on but dont have the time have to go clock in.

avatar
Newrez Response
3y
Thank you for your review. We understand you have concerns about hiring and morale. We encourage you to share your thoughts with your supervisor, but if you don’t feel that is a viable option, please talk with one of your supervisor’s senior managers or someone in Human Resources. We always strive to emphasize and improve our culture that values everyone, and we need everyone’s input—including yours—to grow and advance.
2.0
Jan 11, 2023

Lack of Direction Harming Culture

Recommend
CEO approval
Business Outlook

Pros

- Trying to advance their technology - Generally, very good relationships between employees. - Managers very approachable

Cons

NewRez/ Caliber is still in process of merging 3 companies with 3 very different cultures and there is no clear direction at all for the future of the company. That's outside of recent massive layoffs, with messaging after each layoff that "this is it" only to be followed quickly by another round. Management seems to be throwing whatever against the wall in terms of direction, which is gutting morale and running talent out of the organization. The recent turn in the mortgage market made the problems worse. The benefits are pretty bad to the point that we had applicants decline offers because the extra cost of the benefits would offset any salary increase. Last, there is a wide discrepancy in pay between similar roles in the company depending on which company you were hired into.

Viewing 106 - 108 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.