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      Newrez

      Engaged Employer

      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

      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
      Jun 29, 2016

      Established a territory from scratch

      Sales manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      Solid loan platform, well connected and experience senior leadership, good marketing support, and healthy compensation while able to offer affordable price to the consumers.

      Cons

      Vacuum in leadership and training, multiple lines of business causes each division to not acquire the consistent attention and support necessary from top to bottom. Corporate leaders have very little oversight of each regional management and how things are managed or mid-managed regionally. All UW is centralized for ease of control and management, yet it still has not been properly staffed for market and seasonal swings and consistent turn times. Too much distant between the street and senior leaders.

      1.0
      Jun 28, 2016

      Warning! Avoid at all cost!!!

      Processor
      Recommend
      CEO approval
      Business Outlook

      Pros

      There isn't any pros to working here. I guess if you quit, which you will, you will join the 57% turnover rate so you will be keeping with the trend. Do you like revolving doors? If so, step right in.

      Cons

      There isn't enough time to get into everything that is wrong with this company. There is no direction whatsoever. Management is only concerned with making themselves look good. They will throw you under the bus in a snap to avoid taking responsibility for their many mistakes. Operations is a disaster. Not enough underwriters or processors. The bonus they claim you will make is non existent. No matter how hard you work, it will not be recognized. You will be talked down to and micro managed at a level that is unthinkable. Processing managers are rude and have no clue what they are doing. Cannot answer basic questions or lead a team. audit process is designed to prevent you from making bonus. Everyone is miserable here due to a mass exodus of employees in April that left for greener pastures. Branches are often closing as quickly as they are opened. Any 5 star reviews are simply to offset all the valid terrible reviews of this company. Seriously, avoid unless you are about to be homeless and this is your last option.

      1.0
      May 6, 2016

      LO

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      It was a fun environment

      Cons

      It's simpl a pyramid scheme with producing managers unconcerned with your production but very much an influence in said production.

      Viewing 1420 - 1422 of 1,496 Reviews
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      ReviewsNewrez 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.