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 (17) , Production Assistant (15) , 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 85 reviews)); "Benefits are good If you are single but very expensive for families" ((in 77 reviews)); "Great people to work with" ((in 67 reviews)); "Great work from home opportunity" ((in 45 reviews)); "Good work life balance" ((in 37 reviews))

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

"Poor management" ((in 77 reviews)); "Constant change with poor training and execution and constantly trying to find ways to pay you less." ((in 58 reviews)); "Massive layoffs continue." ((in 35 reviews)); "Poor communication and infrastructures." ((in 23 reviews)); "Horrible leads and blatant favoritism." ((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 reviews

Okay place to learn - Junior Mortgage Consultant Newrez Employee Review

2.0

10 Feb 2026

Junior mortgage consultant

Recommend

CEO approval

Business outlook

Pros

Nice people; okay place to INITIALLY learn to originate loans. You'll take a LOT of calls, and a lot of applications, which gives you a lot of practice in taking apps and pitching loans. Their software to build a 1003 application is nice. They'll cater in lunch a couple times a month. Super casual....not really any kind of dress code. Just wear clothes. The comp is good b/c you get bps on deals (like 45 bps) but if you're in the "JMC Program" then you're getting a different pay plan for 90 days (higher base + flat amount on production). if you produce, they'll kind of stay off your back and give you a lot of leeway. If you don't, they'll be all over you.

Cons

Lots of pressure to lock loans, no matter what; some level of micromanaging, though not as bad as I've heard at other companies. ZERO work / life balance. They will work you on the weekends if your sales team's numbers aren't up to snuff. Hard to get any day off for anything. "Support" and learning is hit or miss. If you have a good manager, you're in good shape. If not, you better just figure it out. I've seen managers rip into new hires before for not knowing what they don't know.

Newrez Response

4mo

Thanks for sharing your feedback. We’re always looking for ways to improve, and we’ll pass this along to the right team. We appreciate you taking the time to share your experience.

Explore other reviews about Newrez

5.0

14 May 2026

Director

Recommend

CEO approval

Business outlook

Pros

Strong leadership and consistent strive towards growth and success

Cons

None at this current time

Newrez Response

1mo

Thanks for the positive feedback! We’re so happy to hear that you’re having a great experience with us. Your support means a lot and helps us keep moving in the right direction. We appreciate you taking the time to share your thoughts!

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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