Newrez reviews

3.5

61% would recommend to a friend

(1,493 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 1,493 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
May 3, 2016

Processor

Recommend
CEO approval
Business Outlook

Pros

Can't think of any. I received a paycheck.

Cons

Terrible management. Nobody can make decisions. They know nothing about Retail. Benefits are extremely EXPENSIVE! That should be an indicator of what kind of company it is when the benefits for employees are awful. This company has no culture. Back office support is rude and not helpful.

1.0
Nov 26, 2019

Consider the options

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Tempe building is located next to Chase which is good in the event one scores an interview!

Cons

Zero work/ life balance, below average pay, no telecommuting, no volunteer hours, low PTO accrual, unprofessional trainers, contradictory handbooks ( ex: Company Holidays are published in advance yet you will work anyway) , company communication is very one-sided and everything in writing takes a negative tone.

avatar
Newrez Response
6y
Thank you for your review. We hope you shared your concerns with our Human Resources team during your exit interview; but if you didn’t, we invite you to contact them. We acknowledge that we’re not a perfect company, nor are we the right fit for everyone. However, we are working to build a culture that values everyone, and your input can help us achieve that goal.
1.0
Oct 2, 2019
Recommend
CEO approval
Business Outlook

Pros

The aggressive pay structure for top couple AE's

Cons

Operations is nonchalant at best, had to sign a decreased comp plan day 1, company did not honor agreement to pay a guarantee, when I put in my two weeks I was fired immediately without pay and had all checks owed to me stopped (no PTO payout or expense checks for the last two months), lack of support from management, outdated technology, lack of chain of command, poor morale among employees ect

Viewing 10 - 12 of 1,493 Reviews

Glassdoor has 1,534 Newrez reviews submitted anonymously by Newrez employees. Read employee reviews and ratings on Glassdoor to decide if Newrez is right for you.