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      Newrez

      Engaged Employer

      Newrez reviews

      3.5

      61% would recommend to a friend

      (1,494 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 1,494 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
      4.0
      Nov 2, 2014

      Intense, learned about mortgage financing and underwriting than by previous employers.

      Senior mortgage loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Marketing was superb. Phones didn't stop ringing so you are always busy. The process was tight, streamlined to get most from every loan officer and every loan. If you want to make money, it's not a bad place to be.

      Cons

      You are pretty much chained to a chair and on the phone with borrowers or emailing to get loans closed almost all the time. Not really a place for relationship people.

      3.0
      Sep 18, 2014

      A good company for a career in the mortgage industry

      Producing sales manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      Direct lender with a great portfolio of products. Well capitalized and self-sufficient - same company owns lender, appraisal management, title, and servicer. Competitive commissions. Company paid marketing. Company paid training and licensing. Good training and professional development program. Good benefits - 401k match, health/dental, work/life balance, team competitions/events.

      Cons

      Cyclical industry - jobs/commissions are highly correlated to the market. Minimal price flexibility when selling and rates are slightly higher than industry average. Low base salary (just over min. wage) and commissions have a "standard deduction" so it's basically 100% commission. Managers earn more on their individual production than on their override so there is a conflict of interest. Behind the 8 ball with respect to technology. Operations can take precedence over sales when it comes to managing the pipeline - this is backwards and can be frustrating.

      Viewing 1459 - 1461 of 1,494 Reviews
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      ReviewsNewrez 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.