Former loan originator - Loan Officer Newrez Employee Review

1.0
Apr 9, 2016
Recommend
CEO approval
Business Outlook

Pros

Good rates in the market Semi corporate

Cons

I worked there for 5 years. I have been a top LO In industry for 12 years. Place is good if you have no experience and only want to close 2 loans a month.Branch managers lie to the top Los. Do not want them to grow or make money. If you close 7 loans a month your a rockstar but that's barely 100k. Low payouts, they would rather have Los close 2 loans a month. All branches are run by branch managers who analyze every penny on their PandL so THEY can make money not the lo. Place could be good if they valued top employees and weren't so greedy. Managers barely work and are happy with override off their teams. And branch managers want Los to avg two loans a month so they pay them on lowest tier. Plus your calling internet leads all day. Very hard to convert unless you have a lot of experience. Not a recipe for success

Explore other reviews about Newrez

5.0
May 14, 2026
Recommend
CEO approval
Business Outlook

Pros

Strong leadership and consistent strive towards growth and success

Cons

None at this current time

avatar
Newrez Response
2mo
Thanks for the positive feedback! We’re so happy to hear that you’re having a great experience with us. Your support means a lot and helps us keep moving in the right direction. We appreciate you taking the time to share your thoughts!
2.0
Jul 1, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Great work/life balance - Awesome coworkers - Lots of opportunities to try new things and be innovative

Cons

- Senior leadership does not value remote workers and doesn't get to know them/engage with them - Frequently lays off remote employees, regardless of performance, achievements, or job role, sometimes without offering options to move or relocate. They also on occasion use underhanded tactics to pressure remote employees to leave so they don't have to pay out severance. Lastly, unless required by your state's law, they never pay out your remaining time off - If you start underpaid, you will remain underpaid even after promotions - Job performance does not impact yearly bonuses/increases. Pay doesn't keep up with inflation

avatar
Newrez Response
2w
Thank you for sharing your experience. Your feedback matters, and we’ll make sure it’s reviewed by our team as we continue working to improve. We appreciate you taking the time to let us know your thoughts.
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