Senior DE Underwriter - Senior DE Underwriter Newrez Employee Review

1.0
28 Jan 2022
Recommend
CEO approval
Business outlook

Pros

Nice people. Decent base. Not much else in this category

Cons

So this is mostly a reflection on the company post-merger with NewRez and is likely a result of that. Caliber seemed ok when I hired but NewRez took over and seemed to be the fast beginning of the end. They highly over promised and under delivered on what they offer as a company. From the day I started in April of 2021, there has been no OT, bonus has been nearly impossible to earn.. not because it's hard to earn but because the volume just isn't there.. and even when the rest of the industry was swimming in new business, Caliber/NewRez was grinding to a hault. The system they use H20-D was supposed to be the system to end all systems but is just OK at best. Not very intuitive and clearly not designed by anyone who's ever worked in mortgage originations. Health benefits are some of the worst we've seen. Any training had just been mediocre and nothing memorable. To wrap up the cons, yesterday the company had a mass layoff of which I was part of. 20 years in the mortgage industry and this is the first time I've been laid off. Needless to say, I've always had a production level and PMA that has kept me off of any chopping block.

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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