Newrez reviews

3.5

61% would recommend to a friend

(1,496 total reviews)

Baron Silverstein

69% approve of CEO

60% 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
2.0
May 2, 2016
Recommend
CEO approval
Business Outlook

Pros

There is a laid back dress down environment, its great for a starter position. It does offer a tolerable work life balance.

Cons

Management is terrible and non supportive, the customer service goals are unrealistic, the base pay & commission structure is very low compared to industry standard and the company does not give annual raises. The technology is slow and out of date, there is little to no room for advancement and there is no formal training offered for any of the positions- you are trained by your peers / co workers - that are not compensated for training new employees.

1.0
Apr 26, 2016
Recommend
CEO approval
Business Outlook

Pros

Plenty of work to do

Cons

When you are good at what you do, you are abused. Over worked, paid no OT, unless they are in a real bind. MICRO MANAGED to a fault. Underwriting Managers are horrible. PM is the worst. She laughs at everything, doesn't follow up. Promises given, not received. No internal promotions unless you are a Buddy from PHH.

3.0
Apr 13, 2016

Mortgage loan officer

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good product line and pricing

Cons

Inconsistent uw and processing. Lack of mgmt support and ability to problem solve.

Viewing 1426 - 1428 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.