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

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).

Reviews by job title

78 reviews
2.0
Mar 23, 2019
Recommend
CEO approval
Business Outlook

Pros

Donating until NRZ took over now we barely donate to anyone, & bonuses

Cons

Also since NRZ to over the bonus opportunity is cut in half without any written notification of what to bonus should be & constant threat of termination if you don't complete someone else job! And yes its proven.

avatar
Newrez Response
7y
Thank you for your honest review. You obviously have serious concerns about several issues, including bonuses. It's difficult for us to respond appropriately to anonymous reviews, so we encourage you to take advantage of our "open-door" policy and share your thoughts with your supervisor. But if you don't feel that is a viable option, please talk with one of your supervisor's senior managers, or with someone in Human Resources. We're working to build a corporate culture that vales everyone; and we need everyone's input—including yours—to grow and advance.
1.0
Jun 28, 2016
Recommend
CEO approval
Business Outlook

Pros

There isn't any pros to working here. I guess if you quit, which you will, you will join the 57% turnover rate so you will be keeping with the trend. Do you like revolving doors? If so, step right in.

Cons

There isn't enough time to get into everything that is wrong with this company. There is no direction whatsoever. Management is only concerned with making themselves look good. They will throw you under the bus in a snap to avoid taking responsibility for their many mistakes. Operations is a disaster. Not enough underwriters or processors. The bonus they claim you will make is non existent. No matter how hard you work, it will not be recognized. You will be talked down to and micro managed at a level that is unthinkable. Processing managers are rude and have no clue what they are doing. Cannot answer basic questions or lead a team. audit process is designed to prevent you from making bonus. Everyone is miserable here due to a mass exodus of employees in April that left for greener pastures. Branches are often closing as quickly as they are opened. Any 5 star reviews are simply to offset all the valid terrible reviews of this company. Seriously, avoid unless you are about to be homeless and this is your last option.

Viewing 73 - 75 of 78 Reviews

Glassdoor has 1,538 Newrez reviews submitted anonymously by Newrez employees. Read employee reviews and ratings on Glassdoor to decide if Newrez is right for you.