Hands down the worst company I have ever worked for - Loss Mitigation Specialist Newrez Employee Review

1.0
Aug 2, 2023
Recommend
CEO approval
Business outlook

Pros

The career fair I was hired at was very quick and easy. They got me in and out but should have probably thought more about why the supervisor didn’t ask me too many questions.

Cons

Shellpoint and nobody at Shellpoint knows what’s going on. From the first day in training, we learned a role that we weren’t even hired for, 30 days later were thrown on the floor with no training of the literal 6 systems you have to use, or what the call flow is; just fed to the sharks. Came to the company with a MLO license was told I would get and extra $1/hr and 15% kicker on my bonus, but didn’t end up seeing that until 5 months into the role and only got back dated for 1 month. If a role opens to a “higher” position there’s no raise, it’s all lateral, so more work the the same pay. The management is completely lost and have no idea what they’re doing. There’s no direction here, just the blind leading the blind. Leadership says in interview you will make $3k-$5k in bonus, but if you do that math hitting 100% to goal gets you just above $800-$900. These poor homeowners that have to deal with their mortgage being serviced by this company. I pray with everything that is holy that my mortgage never get sold to this company, they do everything in their power to foreclosure on people’s homes. I have never been told so many times to to deny payment from people. That is sick and wrong taking peoples house from them.

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Newrez Response
2y
Thank you for your review. We understand you have serious concerns, but it’s difficult for us to respond effectively to anonymous reviews. We hope you shared your thoughts with our Human Resources team during your exit interview, but if you didn’t, we invite you to email HR@Shellpointmtg.com about your concerns.

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
3d
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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