Is Newrez a good company to work for?

Newrez has an overall rating of 3.5 out of 5, based on over 1,538 reviews left anonymously by employees. This rating has increased by 1% over the last 12 months. 60% of employees would recommend working at Newrez to a friend and 60% have a positive outlook for the business. The best reviews about Newrez have been left by employees working as Production Assistant , Team Lead and Business Analyst .

Does Newrez pay their employees well?

According to anonymously submitted Glassdoor reviews, Newrez employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at Newrez. This rating has decreased by 2% over the last 12 months.

How satisfied are employees working at Newrez?

60% of Newrez employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Newrez 3.5 out of 5 for work life balance, 3.5 for culture and values and 3.5 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?

"pay WAS good but now its hard to make a money and low hourly pay" ((in 84 reviews)); "Benefits are good If you are single but very expensive for families" ((in 79 reviews)); "Great people to work with!" ((in 65 reviews)); "Work from home is great" ((in 46 reviews)); "Good work life balance" ((in 35 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 61 reviews)); "Massive layoffs continue." ((in 35 reviews)); "Poor communication and infrastructures." ((in 23 reviews)); "Liars, sneaky, they knew we were going to be laid off and kept lying stating we were safe , management showed favoritism, huge disconnect between management and employees, everyone is on a different page." ((in 15 reviews))

What are employees saying about Newrez layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Newrez layoffs and their outlook for job security at Newrez in 2026.

What are the top reviewed Newrez locations?

Greenville , Coppell , Fort Washington , Houston , Tempe , Dallas , Plymouth Meeting , Philadelphia , Irving , Columbia , Charlotte , Tampa , Oklahoma City , Jacksonville , Strongsville , San Diego , Phoenix , Raleigh , New York , Indianapolis , Los Angeles , Kirkland , Katy , Texas City , Seattle , Downers Grove , Virginia Beach , Chandler , Denver , Monroe

Newrez reviews

3.5

60% would recommend to a friend

(1,497 total reviews)

Baron Silverstein

68% approve of CEO

60% positive business outlook

Ratings by category

4.0

Diversity & inclusion

3.5

Culture & values

3.5

Work/Life balance

3.5

Compensation and benefits

3.5

Career opportunities

3.3

Senior management

Newrez has an employee rating of 3.5 out of 5 stars, based on 1,497 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Newrez employee rating is in line with the average (within 1 standard deviation) for 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

1K reviews

5.0

Mar 29, 2017

Great Place to Work! 8 years with the Company!

Call center manager

Recommend

CEO approval

Business Outlook

Pros

Career Advancement: I have had 6+ promotions through hard work, good attitude, and ability to learn and grow! They promote from within The management in the Call Center are great mentors and provide a great leadership environment Love the people who work in this company (in HQ and also through out the country as Ihave an opportunity to work with all of them) Great Training for new hires as well as a continued education for all positions They recognize their employees and work with them to grow their skills Awesome work environment especially for those who enjoy a fast paced work life Strong team mentality! My opinions count and are valued.

Cons

I really don't have cons, even my commute is 5 minutes!

5.0

Mar 29, 2017

A company that gets it done

Vice president

Recommend

CEO approval

Business Outlook

Pros

- Multiple business channels including Call Center, Retail, Wholesale, a title company, an AMC, and a Servicer. This diverse mix makes New Penn one of the most stable mortgage companies. - Great Product mix - A management team that always finds a way to reinvent the company for growth - Career opportunities for those that work hard

Cons

- We need to improve our technologies. We are making progress, but sill have some work to do.

1.0

Mar 10, 2017

Mortgage Consultant

Mortgage consultant

Recommend

CEO approval

Business Outlook

Pros

The Hours is very flexible. You can go and come as you please, so long as you put in your 40 hours.

Cons

Where do I start? This place is like a credit card, it has a great introductory period (2-3months) and after thatisit becomes a noose around the neck. The lead are bad. They cap you on hours. They want the loan officers to follow an outdated model of originating. Bottom line, if the industry isn't doing well stay away. The rates are high which makes them very uncompetitive.

Viewing 1402 - 1404 of 1,497 Reviews

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Jobs at Newrez

Customer Service Representative

Database Administrator III

Loan Analyst/Loan Processor

Newrez

Newrez reviews

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Ratings by demographic groups

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Great Place to Work! 8 years with the Company!

A company that gets it done

Mortgage Consultant

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