Prepare to lose your job - Anonymous employee Newrez Employee Review

1.0
Feb 19, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

what pros? how about all cons.

Cons

I worked there 3 years, the first 6 months it wasn't that bad, then a lot of people started leaving (and some were let go). The last 2 years they downsized a lot and fired literally VPs, AVPs, lots of managers and even more employees. We lost an entire floor of people. Poor communication, the company is cheap and run by thieves and moronic CEO's that don't know what they're doing, they fire you and make up a reason so they don't have to pay severance. I spoke with my AVP when she was fired after, same thing. DON'T WORK HERE UNLESS YOU'RE ALREADY PREPARED TO LOSE YOUR JOB.

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

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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

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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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