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      Newrez

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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.

      avatar
      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
      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.

      avatar
      Newrez Response
      1d
      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

      avatar
      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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