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      Newrez

      Engaged employer

      Newrez reviews

      Bad Decisions being made - Team Lead Newrez Employee Review

      1.0
      24 Jun 2022
      Team lead
      Recommend
      CEO approval
      Business outlook

      Pros

      Its a job and at least im still working

      Cons

      This merger with Caliber has been the worst transition ever. We went from a decent origination system, to the stone age. Whoever in Sr leadership made the decisions on which systems, guidelines, and procedure to keep in place between the 2 companies clearly has never had any experience working in one and it seems as if it was strictly a financial decision This experience has caused 10 -15 year employees to leave the company to go to start ups and willingly take pay cuts. They recently laid off hundreds of employees and are setting the rest up to fail.

      avatar
      Newrez Response
      4y
      Thank you for voicing your concerns, we truly appreciate your honest feedback. Here at Newrez, we are committed to employee satisfaction and continuing to find ways to improve your experience. We encourage you to continue to provide feedback by contacting HR@newrez.com to discuss further. We look forward to hearing from you.

      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

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      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

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      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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