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 86 reviews)); "pay WAS good but now its hard to make a money and low hourly pay" ((in 82 reviews)); "Great people to work with" ((in 66 reviews)); "Work from home is great" ((in 41 reviews)); "Currently a great work life balance" ((in 36 reviews))

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

"Bad management And takes forever to move up" ((in 77 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 54 reviews)); "Massive layoffs continue." ((in 37 reviews)); "Poor communication and infrastructures." ((in 22 reviews)); "Horrible leads and blatant favoritism." ((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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Parent or family caregiver

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Reviews by job title

78 reviews

3.0

Jan 5, 2021

Opportunities are there but the pay is insultingly low

Junior processor

Recommend

CEO approval

Business Outlook

Pros

Remote work On site training Independent work

Cons

Pay Work hours Management expectations Work environment Very hard to stand out or you are very under appreciated.

2.0

Dec 6, 2020

Reconsider if you do not have much experience

Loan processor

Recommend

CEO approval

Business Outlook

Pros

Pays well, great incentive and comp. good amount of PTO time

Cons

A lot of lack of knowledge and being on the same page as underwriters. Loans are already aged with expired documents, customers are irrate because of the long proces due to kick backs

2.0

Nov 10, 2020

Digital Factory;

Junior processor

Recommend

CEO approval

Business Outlook

Pros

Repeatable tasks and familiar processes

Cons

I've worked for almost 6 months and my boss doesn't know my name; still a full-time temp despite being told the temp process takes 2 months

Viewing 70 - 72 of 78 Reviews

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Jobs at Newrez

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Newrez

Newrez Jr. Processor reviews

Ratings by category

Ratings by demographic groups

Reviews by job title

Opportunities are there but the pay is insultingly low

Reconsider if you do not have much experience

Digital Factory;

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