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      Newrez

      Engaged Employer

      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

      Reviews by job title

      1K reviews
      2.0
      Mar 31, 2016

      Mortgage Loan Consultant

      Mortgage consultant
      Recommend
      CEO approval
      Business Outlook

      Pros

      Nice office, responsive Regional Manager, pleasant atmosphere

      Cons

      Poor training at branch level, most training done online. Very hard to make a living. Most MLC's close 1-2 loans per month. Need to close 3+ to make any real income. Minimum wage base and they take $1500 off top of commission each month. High turn over.

      1.0
      Mar 7, 2016

      CEO Jerry Schiano is a DISGRACE

      Loan officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      If you don't have any job, you can consider this company

      Cons

      I worked at New Penn Financial as a full-time employee for More than 3 years IT and Business teams are worst and i lost my income because their systems are down always. Loan officers are Scared of the applications. Everybody blames others and nobody takes responsibility. CEO is misguided by the business (do not know the applications) and the CEO is ignorant of IT. If you don't have any job, you can join this company for a short period. You see always jobs in the company, because many people are leaving. High turnover in the company No business ethics for the company. Worst environment If you join later you regret for joining.

      4.0
      Mar 2, 2016

      Young Professionals

      Mortgage consultant
      Recommend
      CEO approval
      Business Outlook

      Pros

      -ability to make a lot of money with hard work and a little skill -flexible schedules -enjoyable workplace and peers -fairly nice building -convenient location to highways, mall, restaurants, ect (Plymouth Meeting, Pa) -ability to work weekends (great time to get in touch with people)

      Cons

      -amenities in building could be better -health insurance is just okay -hours can be long, so not ideal for family balance (long hours mean your busy, meaning making money generally)

      Viewing 1432 - 1434 of 1,497 Reviews
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      ReviewsNewrez 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.