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
1.0
Sep 1, 2020
Recommend
CEO approval
Business Outlook

Pros

Pay is not as bad, but they are practically buying your freedom to even go to the bathroom

Cons

If you are a Robot that needs no water breaks, bathroom breaks, no feelings and no love for your life then this is the job for you, otherwise keep in mind the following: (I have proof of all this, of course I'm not sharing publicly, but I do have proof that all the following takes place at this company) the most TOXIC place to work for 1. NOT allowed to use the bathroom unless is during your scheduled break - if you need to pee or poop outside your break you need a doctor's note 2. Not allowed to have. drink of water between calls as there's no such thing as "between calls" - it is a constant ring - one call right after the other 3. If a customer calls you names, insults you or is being nasty - you HAVE to take it - they don't care what you as the employee suffer 4. They could care less about the employee 5. No real benefits for the employee - you're just a number to them 6. Supervisors are not willing to help you - so you're on your own 7. Customer's hate it but they have no saying on who manages their loan 8. Supervisors are horrible - if you try to escalate a call to them prepare for a write up 9. Training is horrible they don't prepare you not even 25% of what you will be really dealing with on a daily basis. 10. if you ask too many questions counts against you 11. if you need to transfer a call - it counts against you 12. Don't even think about taking a day off 13. Don't even think about getting sick all of the sudden - you need to plan your sick time same as you need to plan your pooping and peeing time. 14. If you're helping a customer and is your break time - you can't terminate the call but it will count against you - cause you didn't go on break at the scheduled time. 15. if you need to pee to many times during the day - you will need a doctor's note 15. If you need to poop make sure your poop comes out quickly - cause if you take more than 3 minutes - you will need a doctor's note - and I am not exaggerating! (I have screen shots of all this conversations from managers) I can go on and on but this will give you a good idea

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.
5.0
Dec 3, 2019
Recommend
CEO approval
Business Outlook

Pros

Great environment and positive morale CEO visibility within the company is not infrequent and is authentic Senior level execs advocate for employee engagement initiatives Benefits are comprehensive and even include some extras Physical office environment is comfortable, accommodating, and comes with perks Onboarding is thorough and all seem invested

Cons

Parking is tough, but the shuttle helps to combat that issue.

Viewing 136 - 138 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.