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 80 reviews)); "Benefits are good If you are single but very expensive for families" ((in 79 reviews)); "Great people to work with" ((in 64 reviews)); "Good compensation, work from home" ((in 45 reviews)); "The culture is great and they are very open to work" ((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 76 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 34 reviews)); "Poor communication and infrastructures." ((in 23 reviews)); "Long hours for high profile projects" ((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

3.0

Apr 13, 2016

Mortgage loan officer

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Good product line and pricing

Cons

Inconsistent uw and processing. Lack of mgmt support and ability to problem solve.

1.0

Apr 9, 2016

Former loan originator

Loan officer

Recommend

CEO approval

Business Outlook

Pros

Good rates in the market Semi corporate

Cons

I worked there for 5 years. I have been a top LO In industry for 12 years. Place is good if you have no experience and only want to close 2 loans a month.Branch managers lie to the top Los. Do not want them to grow or make money. If you close 7 loans a month your a rockstar but that's barely 100k. Low payouts, they would rather have Los close 2 loans a month. All branches are run by branch managers who analyze every penny on their PandL so THEY can make money not the lo. Place could be good if they valued top employees and weren't so greedy. Managers barely work and are happy with override off their teams. And branch managers want Los to avg two loans a month so they pay them on lowest tier. Plus your calling internet leads all day. Very hard to convert unless you have a lot of experience. Not a recipe for success

4.0

Apr 2, 2016

Loan Officer and Mid-Management

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

This was a great company for me to begin my career. Great career growth from entry-level to mid-management. The culture is great, and the company strives in one of the most difficult industries. I learned a lot and could take the skills elsewhere. I would recommend this for entry level to mid-management

Cons

Once I hit mid-management there wasn't room for growth - either financially or career wise.

Viewing 1429 - 1431 of 1,497 Reviews

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Jobs at Newrez

Customer Service Representative

Database Administrator III

Senior Business Intelligence Developer

Loan Analyst/Loan Processor

Newrez

Newrez reviews

Ratings by category

Ratings by demographic groups

Reviews by job title

Mortgage loan officer

Former loan originator

Loan Officer and Mid-Management

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