Newrez reviews

3.5

60% would recommend to a friend

(1,497 total reviews)

Baron Silverstein

68% approve of CEO

60% positive business outlook

Newrez has an employee rating of 3.5 out of 5 stars, based on 1,497 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
Feb 2, 2020

Read the Cons on all these reviews they all have similarities.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Initial training you get, not every place provides training (and I worked for a lot of places). Pay isn't bad, but your going to work your butt off for it. Co-workers, some are good people. No micro-management Nice Christmas parties and some fun events if you can go to them.

Cons

Like I said in my headline review, similarities: Management needs to take classes on how to manage. Most of them are their to collect a pay check and that is all. No growth, doesn't matter how hard you work, experience or dedication. If your well liked you move up. Mandatory overtime, this will change. Expect to work 5 to 8 hours of over time every week. Basically expect to feel like you live at work. Like some reviews states your chained to your desk. Benefits very high and horrible, PTO days means personal time off, but DO NOT get sick. Extreme strict policy for calling in sick even if you have PTO. Bonus is there, but no one can really tell you why it continues to decreases by the hour weeks after it should be finalized. Ask and you will get a vague answer. Everything is verbal, don't expect to see it in writing or in a file. You will get a generic guide that hasn't been updated. Ask questions and management makes you feel like you asked them to climb mount Everest to get it. No one seems to be on the same page and I have seen no changes since I started, only shuffling of work meaning some work being spread to the three locations. Holidays and PTO policy changes. I have never worked for a place where they change every year. One year you might have x number of PTO and off for certain holidays and the next year you might have PTO less holidays. Major system issues, be prepared to major system errors, slowness, freezes. Expect this 70% of the week. I worked for many companies, but this company's system takes the award for the worst over all.

avatar
Newrez Response
6y
Thank you for your review. You obviously have serious concerns about management, overtime/PTO, and our systems. It’s difficult for us to respond appropriately to anonymous reviews, so we encourage you to take advantage of our “open-door” policy and 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 with someone in Human Resources. We’re working to build a corporate culture that values everyone; and we need everyone’s input—including yours—to grow and advance.
1.0
Jan 30, 2020
Recommend
CEO approval
Business Outlook

Pros

Bi-Weekly Pay is decent but only because of the mandatory overtime.

Cons

Too many to list. I could write a novel.

avatar
Newrez Response
6y
Thank you for your feedback. You obviously have several serious concerns . It’s difficult for us to respond appropriately to anonymous reviews, so we encourage you to take advantage of our “open-door” policy and 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 with someone in Human Resources. We’re working to build a corporate culture that values everyone; and we need everyone’s input—including yours—to grow and advance.
3.0
Dec 23, 2019
Recommend
CEO approval
Business Outlook

Pros

Money, PTO, deals, and employees

Cons

Training, management, and unfairness

avatar
Newrez Response
6y
Thank you for your review. You expressed concerns about training, management, and unfair treatment. It's difficult for us to respond effectively to anonymous reviews. We hope you shared your thoughts with our Human Resources team during your exit interview; but if you didn’t, we invite you to call and speak with our HR team about your concerns. 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.
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Glassdoor has 1,538 Newrez reviews submitted anonymously by Newrez employees. Read employee reviews and ratings on Glassdoor to decide if Newrez is right for you.