Read the Cons on all these reviews they all have similarities. - Anonymous employee Newrez Employee Review

2.0
2 Feb 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Initial training you get, not every place provides training (and I worked for a lot of places). Pay isn't bad, but your going to work your butt off for it. Co-workers, some are good people. No micro-management Nice Christmas parties and some fun events if you can go to them.

Cons

Like I said in my headline review, similarities: Management needs to take classes on how to manage. Most of them are their to collect a pay check and that is all. No growth, doesn't matter how hard you work, experience or dedication. If your well liked you move up. Mandatory overtime, this will change. Expect to work 5 to 8 hours of over time every week. Basically expect to feel like you live at work. Like some reviews states your chained to your desk. Benefits very high and horrible, PTO days means personal time off, but DO NOT get sick. Extreme strict policy for calling in sick even if you have PTO. Bonus is there, but no one can really tell you why it continues to decreases by the hour weeks after it should be finalized. Ask and you will get a vague answer. Everything is verbal, don't expect to see it in writing or in a file. You will get a generic guide that hasn't been updated. Ask questions and management makes you feel like you asked them to climb mount Everest to get it. No one seems to be on the same page and I have seen no changes since I started, only shuffling of work meaning some work being spread to the three locations. Holidays and PTO policy changes. I have never worked for a place where they change every year. One year you might have x number of PTO and off for certain holidays and the next year you might have PTO less holidays. Major system issues, be prepared to major system errors, slowness, freezes. Expect this 70% of the week. I worked for many companies, but this company's system takes the award for the worst over all.

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Newrez Response
6y
Thank you for your review. You obviously have serious concerns about management, overtime/PTO, and our systems. 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 values everyone; and we need everyone’s input—including yours—to grow and advance.

Explore other reviews about Newrez

5.0
5 July 2026
Recommend
CEO approval
Business outlook

Pros

I get to work remotely. They have a good retirement plan/401K. I work autonomously with very little oversight, meaning there's no micromanaging. They are great with holidays and time off. Very inclusive and socially aware. Those are two reasons I've remained employed by them.

Cons

The salary is lower than preferred. I've worked two years with zero pay increase because "no pay increases for remoter employees". The health insurance is lacking and not fantastic, but I'm not sure that's really a con since nearly every health insurance plan in America is lacking.

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Newrez Response
2d
Thank you for sharing your feedback. We're glad to hear you value the time off and inclusive culture. We also appreciate your perspective on compensation and benefits. Feedback like yours helps us continue to evaluate and improve the employee experience.
2.0
1 July 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Great work/life balance - Awesome coworkers - Lots of opportunities to try new things and be innovative

Cons

- Senior leadership does not value remote workers and doesn't get to know them/engage with them - Frequently lays off remote employees, regardless of performance, achievements, or job role, sometimes without offering options to move or relocate. They also on occasion use underhanded tactics to pressure remote employees to leave so they don't have to pay out severance. Lastly, unless required by your state's law, they never pay out your remaining time off - If you start underpaid, you will remain underpaid even after promotions - Job performance does not impact yearly bonuses/increases. Pay doesn't keep up with inflation

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Newrez Response
3d
Thank you for sharing your experience. Your feedback matters, and we’ll make sure it’s reviewed by our team as we continue working to improve. We appreciate you taking the time to let us know your thoughts.
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