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

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Reviews by job title

78 reviews

3.0

Aug 21, 2021

Mentally exhausting

Processor

Recommend

CEO approval

Business Outlook

Pros

Great pay benefits potential to earn a lot

Cons

Everything that goes wrong will be your fault. All they care about is numbers and reaching goals

3.0

Jul 2, 2021

Apply Elsewhere

Processor

Recommend

CEO approval

Business Outlook

Pros

Nothing really good to say

Cons

Weird company goals, they only care about making profit and not any of the consequences from that greed. Management is very disconnected from the customers and reality. Processors were constantly blamed for things their bosses and higher ups did. Not a good or easy job, and not worth 15$ an hour

1.0

Jun 2, 2021

Dislike

Processor

Recommend

CEO approval

Business Outlook

Pros

Volume size was large and can close loans using auto review software

Cons

Not enough training, LOS was weird, sink or swim

Viewing 58 - 60 of 78 Reviews

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Newrez Jr. Processor reviews

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Mentally exhausting

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