Newrez reviews

3.5

61% would recommend to a friend

(1,497 total reviews)

Baron Silverstein

69% approve of CEO

61% positive business outlook

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).

Reviews by job title

1K reviews
3.0
Oct 17, 2024

Layoff city

Recommend
CEO approval
Business Outlook

Pros

Good people to work with

Cons

They will let whomever go no matter if you were loyal or not a good worker or not just to meet profit goals

1.0
Oct 15, 2024

Still Bitter lol

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Things were nice during the Covid era, Maybe a bit overwhelming with how many loans we were given as fresh JLPs but nothing that couldn't be handled just simply doing what you can.

Cons

The Caliber merge was THE STUPIDEST thing Newrez could have ever done! Instead of our current system of being directly responsible for x amount of loans, we had to learn Caliber's loan systems, which basically was like a round-robin free-for-all with a pool of random loans in a certain status that anyone could work through. The thing is, 99% of the time these loans were already prepped and just waiting in the underwriting queue, so your day was mostly spent mindlessly clicking through loans in the *hope* of finding something to do. Supervisors also began to micro-manage at this time and wanted people to keep logs of what they did to send daily. I was laid off one day in a mass meeting invite that went out maybe an hour after the workday started. A few days before that I had pushed against my supervisor who wanted me to do a task that overstepped the scope my role/responsibility, so the timing is too coincidental to not be retaliation lol

avatar
Newrez Response
1y
Thank you for sharing your feedback. We’re always working to improve and take all comments seriously as we strive to enhance the experience for everyone.
1.0
Oct 10, 2024
Recommend
CEO approval
Business Outlook

Pros

Their horrible management and policies run off the workers. They overscrutinize to avoid paying bonus. If you leave before your year is up, they send any sign on bonus you receive to a collections attorney. I wish I would have let this company ALONE.

Cons

Micromanagement, schedule, pay, and favoritism.

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Newrez Response
1y
Thank you for your review. We understand you have serious concerns, but it’s difficult for us to respond effectively to anonymous reviews. We hope you shared your thoughts with our Human Resources team during your exit interview, but if you didn’t, we invite you to email HR@Shellpointmtg.com about your concerns.
Viewing 220 - 222 of 1,497 Reviews

Glassdoor has 1,538 Newrez reviews submitted anonymously by Newrez employees. Read employee reviews and ratings on Glassdoor to decide if Newrez is right for you.