Newrez reviews

3.5

61% would recommend to a friend

(1,494 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 1,494 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
May 23, 2015

Company Unfair to Minorities

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Their are 18 Vice Presidents at NPF, none African American, Hispanic or Asian. So it's a pro if you are white.

Cons

I've worked at New Penn Financial for 3 years and never received a raise. This wasn't do to performance, no one in the company received a raise. This was supposedly due to the harsh months of refinancing and home purchases that the company endured. However, this did not effect the VP's who drove to work in their newly purchased Mercedes Benz, BMW and Jaguars. I've even heard how while there are 0 Black managers at New Penn, they will bring in people from outside the company to manage black employees who have been there for years while they themselves have no experience. I've even heard of an employee who dangled a noose in a black coworkers cubicle, and he was not suspended or fired. All in all, if you are an ambitious white go-getter, New Penn Financial is the place for you. If you are a minority, Do Not work at this place!

2.0
May 11, 2015
Recommend
CEO approval
Business Outlook

Pros

There is a mostly flexible schedule. The company gives out three weeks of paid time off. Management style is not micromanaging most of the time.

Cons

They keep salaries low but expectations high. Depending on your department, you're either being worked to death or not being pushed enough.

5.0
May 5, 2015
Recommend
CEO approval
Business Outlook

Pros

Company has a great leader in Tim running the Charlotte NC branch. His branch is always at the top every quarter within the company. Runs a smooth and efficient branch.

Cons

Company had mailer campaign only when I worked for them. Which didn't always go well. Now they do both mail campaigns and internet leads. Much improved lead system

Viewing 1450 - 1452 of 1,494 Reviews

Glassdoor has 1,535 Newrez reviews submitted anonymously by Newrez employees. Read employee reviews and ratings on Glassdoor to decide if Newrez is right for you.