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
5.0
Oct 16, 2017

Great Place to Work!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Supportive management, but I don't feel micromanaged; great benefits and PTO package; great training opportunities, and that department is very open to new ideas and training topics; positive office culture that promotes teamwork; optional overtime; opportunities for growth and advancement

Cons

Office amenities could be better

1.0
Apr 26, 2016
Recommend
CEO approval
Business Outlook

Pros

Plenty of work to do

Cons

When you are good at what you do, you are abused. Over worked, paid no OT, unless they are in a real bind. MICRO MANAGED to a fault. Underwriting Managers are horrible. PM is the worst. She laughs at everything, doesn't follow up. Promises given, not received. No internal promotions unless you are a Buddy from PHH.

2.0
Jan 22, 2016
Recommend
CEO approval
Business Outlook

Pros

Flexible work schedule Leads are ok Variety of products

Cons

Managers would rather have 3 loan officers closing 2 loans per month than one LO closing six (no interest in you making money) Below industry pay Despite what they try to make you believe, they do not have TRID under control Main focus is on Government loans Refinance's only (Strongsville office) In this office, small loan amounts and low credit scores (Bottom Feeders)

Viewing 22 - 24 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.