Newrez reviews

3.5

60% would recommend to a friend

(1,497 total reviews)

Baron Silverstein

68% approve of CEO

60% 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
4.0
Aug 26, 2024
Recommend
CEO approval
Business Outlook

Pros

Great people, love who I work with and for

Cons

The corporate level is very anti-remote and creates policies that penalize remote workers

avatar
Newrez Response
1y
Thank you for your review. We understand you have concerns about remote work. We always strive to emphasize and improve our culture that values everyone, and we need everyone’s input—including yours—to grow and advance. Unfortunately, it’s difficult for us to respond appropriately to anonymous reviews, so we encourage you to take advantage of our “open-door” policy and share your thoughts with your supervisor. If you don’t feel that is a viable option, please talk with one of your supervisor’s senior managers or someone in Human Resources.
5.0
Aug 23, 2024
Recommend
CEO approval
Business Outlook

Pros

Great team environment with lost of departments for change within the company

Cons

Could pay more, parking in downtown

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Newrez Response
1y
We appreciate your feedback. We strive to build a culture of excellence, openness, and personal accountability, and we're happy to hear you had a good experience during your time with us. If you have friends or family whom you think might be a good fit here at Shellpoint, please direct them to the “Careers” section of our website: https://jobs.shellpointmtg.com/
1.0
Aug 22, 2024

Worst job I ever had.

Recommend
CEO approval
Business Outlook

Pros

They have a strong focus on capitalism, which may appeal to those who prioritize that economic approach.

Cons

During an acquisition, I was temporarily hired and was initially assured a permanent role by upper management due to a purported "need for UX and CX." Before the acquisition was finalized, I had what felt like a "mini-interview," during which they expressed enthusiasm for my portfolio, even stating they were "fascinated" by it. However, once the merger was completed, they laid off over 170 employees, claiming it was the final round of layoffs. Despite these assurances, I was soon connected with the only other experience designer in the company, which operates under a large umbrella of businesses. My role quickly devolved into tasks that were largely graphic design in nature—resizing photos and creating wallpaper designs—rather than the UX/UI work I was initially hired to perform. No proper workflow or pipeline was ever established for me, and there was a complete lack of communication regarding my official duties. Essentially, I was given busy work with no clear direction or purpose. After nearly two months of silence, I was suddenly called into a meeting with HR alongside 70+ colleagues, only to be informed of yet another round of layoffs. I was issued a 60-day WARN notice, with my final day set for next Monday. However, they revoked my system access a week prior, effectively isolating me from the company before my employment officially ends. To add insult to injury, I discovered that the "Experience Designer" role was reposted on LinkedIn, with the location specified as either New York or Pennsylvania. This strongly suggests that my termination may have been motivated by their reluctance to maintain an office presence in Colorado, as they are a company that prioritizes on-site work. This experience has left me deeply disillusioned, and I would strongly advise against working at NewRez LLC. The lack of professionalism and the unethical treatment I experienced is not something I would wish upon anyone.

avatar
Newrez Response
1y
Thank you for your feedback. We take your concerns seriously and are committed to continuous improvement. We will ensure that your comments are communicated to our internal team for further consideration. We appreciate you taking the time to share your thoughts with us.
Viewing 244 - 246 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.