Is Newrez a good company to work for?

Newrez has an overall rating of 3.5 out of 5, based on over 1,538 reviews left anonymously by employees. This rating has increased by 2% over the last 12 months. 61% of employees would recommend working at Newrez to a friend and 61% have a positive outlook for the business. The best reviews about Newrez have been left by employees working as Production Assistant , Team Lead and Business Analyst .

Does Newrez pay their employees well?

According to anonymously submitted Glassdoor reviews, Newrez employees rate their compensation and benefits as 3.6 out of 5. Find out more about salaries and benefits at Newrez. This rating has been stable over the past 12 months.

How satisfied are employees working at Newrez?

61% of Newrez employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Newrez 3.5 out of 5 for work life balance, 3.5 for culture and values and 3.5 for career opportunities.

What are the top reviewed jobs at Newrez?

Loss Mitigation Specialist (70) , Mortgage Loan Officer (67) , Mortgage Consultant (53) , Loan Officer (46) , Mortgage Loan Processor (46) , Loan Processor (43) , Mortgage Underwriter (31) , Underwriter (26) , Analyst (23) , Loan Consultant (19) , Manager (19) , Performing Loan Consultant (18) , Production Assistant (16) , Team Lead (15) , Account Manager (14)

What are the pros of working at Newrez according to real employee reviews?

"Benefits are good If you are single but very expensive for families" ((in 80 reviews)); "pay WAS good but now its hard to make a money and low hourly pay" ((in 79 reviews)); "Great people to work with" ((in 65 reviews)); "Great work from home opportunity" ((in 46 reviews)); "have great managers family values are important" ((in 43 reviews))

What are the cons of working at Newrez according to real employee reviews?

"Bad management And takes forever to move up" ((in 75 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 53 reviews)); "Massive layoffs continue." ((in 33 reviews)); "Poor communication and infrastructures." ((in 26 reviews)); "Long hours for high profile projects" ((in 15 reviews))

What are employees saying about Newrez layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Newrez layoffs and their outlook for job security at Newrez in 2026.

What are the top reviewed Newrez locations?

Greenville , Coppell , Fort Washington , Houston , Tempe , Dallas , Plymouth Meeting , Philadelphia , Irving , Columbia , Charlotte , Tampa , Oklahoma City , Jacksonville , Strongsville , San Diego , Phoenix , Raleigh , New York , Indianapolis , Los Angeles , Kirkland , Katy , Texas City , Seattle , Downers Grove , Virginia Beach , Chandler , Denver , Monroe

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Newrez

Newrez reviews

3.5

61% would recommend to a friend

(1,497 total reviews)

Baron Silverstein

69% approve of CEO

61% positive business outlook

Ratings by category

4.0

Diversity & inclusion

3.6

Compensation and benefits

3.5

Culture & values

3.5

Work/Life balance

3.5

Career opportunities

3.3

Senior management

Newrez has an employee rating of 3.5 out of 5 stars, based on 1,497 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).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

1K reviews

2.0

Jan 14, 2022

Terrible Communication from Upper Management

Mortgage loan processor

Recommend

CEO approval

Business Outlook

Pros

Good incentives to work hard via bonus tiers.

Cons

Company put entire department (about 200 employees) on unpaid furlough with zero warning. Had a meeting and told to stop working immediately and would find out if our jobs were still there after 2 months. Told it was due to mismanaged budget.

1.0

Jan 6, 2022

Wouldn't Recommend

Underwriter

Recommend

CEO approval

Business Outlook

Pros

Decent starting salary in comparison to some other places.

Cons

Requirements not industry standard and their quality reviews are a joke. Things such as duplicate documents in the file at the time of your initial review instead of something that could cause your file to be unsellable. Management makes you feel like you are expendable. The process is LO>UW>LP so as an uw you are wasting the majority of your time reviewing awful files that need a lot of correcting, removing duplicate documents and shouldn't have ever made it to underwriting.

3.0

Dec 15, 2021

Weak management

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Work from home, monthly bonus

Cons

Arbitrary and capricious layoffs without warning, lack of support from management

Viewing 208 - 210 of 1,497 Reviews

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Jobs at Newrez

Customer Service Representative

Database Administrator III

Loan Analyst/Loan Processor

Senior Director Paid Digital Marketing

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Newrez

Newrez reviews

Ratings by category

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Terrible Communication from Upper Management

Wouldn't Recommend

Weak management

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