Horrible Management = Unhappy Employees - Anonymous employee Newrez Employee Review

1.0
Feb 7, 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

If you're a white man, you'll probably get hired.

Cons

1. Replaced most of the women in charge with men by laying them off & changing the title by a single word. 2. Laid off almost all people of color 3. No merit increases for 2023 & yet 71 job openings??? 4. No bonuses for only a couple roles, the rest get them 5. Told people they can leave if they cannot make it into an office (so the company doesn't have to give severance and can replace them with people in office) - imagine how good that makes an employee feel that they are immediately replaceable 6. Horrid communication, everyone is constantly confused on protocol 7. Doubled insurance cost with no actual change to benefits The amount of people who left for other companies should be pretty self-explanatory.

Explore other reviews about Newrez

5.0
Jul 5, 2026
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.

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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
Jul 1, 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
3d
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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