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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
      4.0
      Feb 6, 2018

      Fun place to work, but don't expect recognition

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Relaxed work environment, not sticklers for hierarchy, fun events/parties, ability to learn because there's always something to be done

      Cons

      There are a handful of guys (yes, as in MALE) who will always get the recognition/promotions/awards b/c the right people like them. It doesn't mean they do much, and unfortunately the ones who do the work go unnoticed. Also, most people only get a raise once they threaten to quit.

      4.0
      Feb 5, 2018

      Mortgage Loan Officer

      Senior loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      New Penn Financial gives you all the resources you need to make a career out of mortgage lending. From leads, LOS systems, online tools for consumers to use, products, low rates, and great communication methods between all departments, you really have all the resources you need. They continuously roll out sales competitions and other incentives for production. Its always nice to get a little bit extra just for doing your job.

      Cons

      New Penn Financial is a terrific company but despite being told otherwise on the first interview, it's not easy to grow from within. They have a rigid growth structure where it can take years for you to go from one position to the next. I personally don't believe that years in the industry correlate with your ability to do a job. There are loan officers that have been in the industry for 10-15 years that will always be LO's because they lack leadership or management capabilities. Yet somehow you find at New Penn Financial that some of those LO's are brought in from outside LO positions as managers simply because of their time in the industry. Meanwhile the younger, less experienced, yet more ambitious and talented LO's are stuck on the front lines carrying the weight and growth of this company.

      3.0
      Jan 29, 2018

      Grain of Salt

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      A lot of flexibility to work the way you want

      Cons

      Pay is pretty low compared to other companies. Terrible healthcare benefits

      Viewing 1453 - 1455 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.