Newrez Reviews

I've worked at New Penn Financial for 3 years and never received a raise. This wasn't do to performance, no one in the company received a raise. This was supposedly due to the harsh months of refinancing and home purchases that the company endured. However, this did not effect the VP's who drove to work in their newly purchased Mercedes Benz, BMW and Jaguars. I've even heard how while there are 0 Black managers at New Penn, they will bring in people from outside the company to manage black employees who have been there for years while they themselves have no experience. I've even heard of an employee who dangled a noose in a black coworkers cubicle, and he was not suspended or fired. All in all, if you are an ambitious white go-getter, New Penn Financial is the place for you. If you are a minority, Do Not work at this place!

1. During COVID almost everyone was WFH of course. Then Remote and Hybrid were permitted until March 2022, when management did a 180 about face with- no kidding - 100% mandatory onsite with badge swipe monitoring. Employees that weren't looking suddenly had another reason to. 2. Company's leadership is 2-faced, bragging to analysts about the increasing value of MSRs (mortgage servicing rights) during a rising rate environment, whilst "eliminating positions" of hundreds of employees each month to "manage costs".