Is Newrez a good company to work for?

Newrez has an overall rating of 3.5 out of 5, based on over 1,537 reviews left anonymously by employees. This rating has increased by 2% over the last 12 months. 61% of employees would recommend working at Newrez to a friend and 60% have a positive outlook for the business. The best reviews about Newrez have been left by employees working as Production Assistant , Team Lead and Business Analyst .

Does Newrez pay their employees well?

According to anonymously submitted Glassdoor reviews, Newrez employees rate their compensation and benefits as 3.6 out of 5. Find out more about salaries and benefits at Newrez. This rating has been stable over the past 12 months.

How satisfied are employees working at Newrez?

61% of Newrez employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Newrez 3.4 out of 5 for work life balance, 3.5 for culture and values and 3.5 for career opportunities.

What are the top reviewed jobs at Newrez?

Loss Mitigation Specialist (70) , Mortgage Loan Officer (67) , Mortgage Consultant (53) , Loan Officer (46) , Mortgage Loan Processor (46) , Loan Processor (43) , Mortgage Underwriter (31) , Underwriter (26) , Analyst (23) , Loan Consultant (19) , Manager (19) , Performing Loan Consultant (18) , Production Assistant (16) , Team Lead (15) , Account Manager (14)

What are the pros of working at Newrez according to real employee reviews?

"Benefits are good If you are single but very expensive for families" ((in 85 reviews)); "pay WAS good but now its hard to make a money and low hourly pay" ((in 81 reviews)); "Great people too work with" ((in 65 reviews)); "flexible hours, work from home." ((in 43 reviews)); "have great managers family values are important" ((in 37 reviews))

What are the cons of working at Newrez according to real employee reviews?

"Bad management And takes forever to move up" ((in 78 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 53 reviews)); "Massive layoffs continue." ((in 36 reviews)); "Poor communication and infrastructures." ((in 24 reviews)); "Long hours for high profile projects" ((in 14 reviews))

What are employees saying about Newrez layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Newrez layoffs and their outlook for job security at Newrez in 2026.

What are the top reviewed Newrez locations?

Greenville , Coppell , Fort Washington , Houston , Tempe , Dallas , Plymouth Meeting , Philadelphia , Irving , Columbia , Charlotte , Tampa , Oklahoma City , Jacksonville , Strongsville , San Diego , Phoenix , Raleigh , New York , Indianapolis , Los Angeles , Kirkland , Katy , Texas City , Seattle , Downers Grove , Virginia Beach , Chandler , Denver , Monroe

Newrez reviews

3.5

61% would recommend to a friend

(1,496 total reviews)

Baron Silverstein

69% approve of CEO

60% positive business outlook

Ratings by demographic groups

Race / Ethnicity

Gender

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Disability

Parent or family caregiver

Veteran status

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

5.0

Mar 29, 2017

A company that gets it done

Vice president

Recommend

CEO approval

Business Outlook

Pros

- Multiple business channels including Call Center, Retail, Wholesale, a title company, an AMC, and a Servicer. This diverse mix makes New Penn one of the most stable mortgage companies. - Great Product mix - A management team that always finds a way to reinvent the company for growth - Career opportunities for those that work hard

Cons

- We need to improve our technologies. We are making progress, but sill have some work to do.

1.0

Mar 10, 2017

Mortgage Consultant

Mortgage consultant

Recommend

CEO approval

Business Outlook

Pros

The Hours is very flexible. You can go and come as you please, so long as you put in your 40 hours.

Cons

Where do I start? This place is like a credit card, it has a great introductory period (2-3months) and after thatisit becomes a noose around the neck. The lead are bad. They cap you on hours. They want the loan officers to follow an outdated model of originating. Bottom line, if the industry isn't doing well stay away. The rates are high which makes them very uncompetitive.

4.0

Mar 5, 2017

loan officer

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

paid training, guaranteed commission while you get on your feet, relaxed workplace, team-oriented

Cons

leads can be hit or miss, same with any other sales position

Viewing 1402 - 1404 of 1,496 Reviews

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Jobs at Newrez

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Jr. Mortgage Consultant

Fort Washington, PA

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Jr Mortgage Consultant

Richardson, TX

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Special Loans Specialist I (On-site)

Newrez

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A company that gets it done

Mortgage Consultant

loan officer

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