Does Newrez pay their employees well?

According to anonymously submitted Glassdoor reviews, Newrez employees rate their compensation and benefits as 3.6 out of 5. Find out more about salaries and benefits at Newrez. This rating has been stable over the past 12 months.

How satisfied are employees working at Newrez?

61% of Newrez employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Newrez 3.4 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?

"Benefits are good If you are single but very expensive for families" ((in 85 reviews)); "pay WAS good but now its hard to make a money and low hourly pay" ((in 78 reviews)); "Great people to work with" ((in 67 reviews)); "You work from home which is great" ((in 41 reviews)); "have great managers family values are important" ((in 39 reviews))

What are the cons of working at Newrez according to real employee reviews?

"Bad management And takes forever to move up" ((in 80 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 54 reviews)); "Massive layoffs continue." ((in 35 reviews)); "Poor communication and infrastructures." ((in 22 reviews)); "Long hours for high profile projects" ((in 14 reviews))

What are employees saying about Newrez redundancies in 2026?

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

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Newrez

Newrez reviews

Former loan originator - Loan Officer Newrez Employee Review

1.0

9 Apr 2016

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

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5.0

5 Jul 2026

Account manager

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.

Newrez Response

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 Jul 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

Newrez Response

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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Former loan originator - Loan Officer Newrez Employee Review

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