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 84 reviews)); "Great people to work with" ((in 69 reviews)); "Great work from home opportunity" ((in 44 reviews)); "have great managers family values are important" ((in 40 reviews))

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

"Bad management And takes forever to move up" ((in 77 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 20 reviews)); "Really bad management, extreme favoritism." ((in 15 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.

Newrez reviews

Will NOT allow flexible remote work - Manager Newrez Employee Review

1.0

25 Jun 2021

Manager

Recommend

CEO approval

Business outlook

Pros

Adapted to the pandemic and quickly transitioned to remote work in 2020.

Cons

All evidence points to the fact that this company is going to require everyone to return to the office full time with no flexibility to WFH for top performers. Baron Silverstein the president of the parent company, Newrez, is blind to the fact that he is requiring an unnecessary hassle, commute, and juggle for many individuals who are capable of doing everything remote. This is to stay true to his “new” vision of the company culture which is anything but future thinking. Jack Navarro (who has worked in a hybrid environment for years!) and other company leaders should consider advocating for the employees.

Newrez Response

4y

Thank you for your feedback. We understand you have serious concerns about our remote work opportunities. Unfortunately, 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 senior management or someone in Human Resources. We always strive to emphasize and improve our culture that values everyone, and we need everyone’s input—including yours—to grow and advance.

Explore other reviews about Newrez

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

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 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

2d

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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Jobs at Newrez

Marketing Operations & Orchestration Manager

Supervisor, Quality Control- Call Monitoring

Product Marketing Manager

Senior Product Manager-Digital Experience

Senior Litigation Case Manager- Mortgage Servicing

Newrez

Will NOT allow flexible remote work - Manager Newrez Employee Review

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