Is Newrez a good company to work for as a Jr. Processor?

Jr. Processor professionals working at Newrez have rated their employer with 3.9 out of 5 stars in 78 Glassdoor reviews. This is a higher than average score with the overall rating of Newrez employees being 3.5 out of 5 stars. Search open Jr. Processor Jobs at Newrez now and start preparing for your job interview by browsing frequently asked Jr. Processor interview questions at Newrez .

Does Newrez pay Jr. Processor employees well?

Jr. Processor professionals rate their compensation and benefits at Newrez with 3.9 out of 5 stars based on 78 anonymously submitted employee reviews. This is 10.8% better than the company average rating for salary and benefits. Find out more about Jr. Processor salaries at Newrez.

How happy are Jr. Processor professionals working at Newrez?

74% of Jr. Processor employees at Newrez would recommend their employer to a friend. This rating has increased by 37% in the past 12 months. Jr. Processor professionals have also rated Newrez with a 2.7 rating for work-life-balance, 4.0 rating for diversity and inclusion, 3.6 rating for culture and values and 3.8 rating for career opportunities.

What are the top reviewed jobs at Newrez?

Loss Mitigation Specialist (70) , Mortgage Loan Officer (67) , Mortgage Consultant (53) , Loan Officer (46) , Mortgage Loan Processor (46) , Loan Processor (43) , Mortgage Underwriter (31) , Underwriter (26) , Analyst (23) , Loan Consultant (19) , Manager (19) , Performing Loan Consultant (18) , Production Assistant (16) , Team Lead (15) , Account Manager (14)

What are the pros of working at Newrez according to real employee reviews?

"Benefits are good If you are single but very expensive for families" ((in 84 reviews)); "pay WAS good but now its hard to make a money and low hourly pay" ((in 81 reviews)); "Great people to work with" ((in 69 reviews)); "Work from home is great" ((in 44 reviews)); "The culture is great and they are very open to work" ((in 37 reviews))

What are the cons of working at Newrez according to real employee reviews?

"Bad management And takes forever to move up" ((in 75 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 56 reviews)); "Massive layoffs continue." ((in 36 reviews)); "Poor communication and infrastructures." ((in 22 reviews)); "Long hours for high profile projects" ((in 16 reviews))

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Newrez

Newrez Jr. Processor reviews

3.9

74% would recommend to a friend

(78 total reviews)

Baron Silverstein

71% approve of CEO

37% positive business outlook

Ratings by category

4.0

Diversity & inclusion

3.9

Compensation and benefits

3.8

Career opportunities

3.6

Culture & values

3.2

Senior management

2.7

Work/Life balance

Jr. Processor employees have rated Newrez with 3.9 out of 5 stars, based on 78 company reviews on Glassdoor. This indicates that most Jr. Processor professionals have a good working experience there. Newrez is rated in line with the average (within 1 standard deviation) by Jr. Processor professionals compared to other employers within the Financial Services industry (3.7 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

78 reviews

2.0

Sep 3, 2021

Poor, would not recommend.

Loan processor

Recommend

CEO approval

Business Outlook

Pros

You can work from home,

Cons

Management is terrible. No one communicates at all, LO’s submit sub-par files to processing, and processing gets blamed for anything that goes wrong. There was a point in time where processors were not getting paid any commission if they were below efficiency. Benefits are EXPENSIVE and poor for the industry. company only cares about bottom line; there is no community feel, or support. They could care less who stays or leave. Good luck requesting PTO; while your off, not a single manager will cover your pipeline or talk to Your customers. You’ll come back to a MESS. Come here if there are no other options.

Newrez Response

We are regretful to hear your time and experience with Newrez was not what you had expected. Thank you for providing feedback as it helps us improve and strive for employee satisfaction. Our team wishes you well on all your future endeavors.

4.0

Sep 2, 2021

review by someone who just started on the mortgage field.

Loan processor

Recommend

CEO approval

Business Outlook

Pros

Great managers and co workers. I believe their operation system and organization really help you produce more, which in turn will result in more bonus on your check.

Cons

Pressure, you are micro managed and their grading system for the phone calls needs to be revised.

5.0

Sep 1, 2021

Fantastic Company!!

Processor

Recommend

CEO approval

Business Outlook

Pros

The most motivating company I have ever worked for. They appreciate and recognize their employees hard work and it really shows. Incredible benefits, and all around fantastic work environment.

Cons

I have yet to find cons

Viewing 55 - 57 of 78 Reviews

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Jobs at Newrez

Customer Service Representative

Database Administrator III

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Newrez Jr. Processor reviews

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Ratings by demographic groups

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Poor, would not recommend.

review by someone who just started on the mortgage field.

Fantastic Company!!

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