Newrez reviews

3.5

61% would recommend to a friend

(1,496 total reviews)

Baron Silverstein

69% approve of CEO

61% 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
3.0
Jul 28, 2018
Recommend
CEO approval
Business Outlook

Pros

-The people there mean well. My co-workers in my department are pretty friendly with one another. -Flexible/lax work hours (coming in late/staying late or coming in early/leaving early are OK). At least in sales. -Perfect place to work right out of college. Little-to-no experience is not frowned upon. -Paid licensing. -Support and training is frequent. It's meant to keep everyone informed and knowledgeable of the changes in the company/industry.

Cons

-Upper management is stuck in their ways and only care about their bottom line. -Churn-and-burn work environment. Getting burnt out and feeling unappreciated is extremely common. -Favoritism and preferential treatment is rampant. -Departments keep to themselves and don't care for other departments. It is very, very cliquey. -Transitioning to another department is a delicate balancing act. Either the transition will be smooth and natural, or strained and even blocked if management doesn't want you to move because you're effective in your current role (regardless of your feelings/needs).

5.0
Jul 24, 2018

Loan Officer

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Very Flexible and honest environment

Cons

must do the work on your own

1.0
Jul 20, 2018
Recommend
CEO approval
Business Outlook

Pros

They buy you dinner when they tell you you're working late on less than 24 hours notice and make it mandatory, even when you have kids that need to be picked up from daycare.

Cons

Lowest compensation plan in the industry. Old, outdated leads. Management is all out for themselves and make you fear asking any questions at all. They will tell you the average for the company for closings is 5 closings a month, but the average for the last 6 months as been 1-2 as an office. Not worth the time or energy, move along.

Viewing 1348 - 1350 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.