Executive Disaster - IT Manager Newrez Employee Review

1.0
16 Feb 2023
Recommend
CEO approval
Business outlook

Pros

- Used to be good when it was just Caliber Home Loans. Still some good people left, but not many. Rithm destroyed the culture. - Some good middle management. Upper management is where it falls off.

Cons

- You will start working more and more job roles as people get laid off or leave, even if you are not trained on it. Don't expect help. You're never getting a back-fill, temp workers to help with your new backlog, and this is your job now going forward. They will say it's temporary but you will still be doing it years later. - Executive leadership shoots first and asks questions later. Integration efforts for the NewRez and Caliber merge have gone excessively poorly due to constant lay offs, frequent changes to management and organization, not listening to the experts in your department when making changes, and by proceeding with changes without planning or warning. - Anyone who speaks up against poorly thought out ideas either gets laid off, silenced (never invited to meetings), or is forced to leave using underhanded tactics. Executive leadership only wants "yes" men and women. - Executive leadership will lie to you about future lay offs, lay you off, and provide zero pay out for your PTO. Sometimes they will instead cut your pay and try to get you to leave if you work remote so they don't need to give severance. - Excellent work doesn't get rewarded except for with more duties and no pay increases. They will milk you dry until you leave. - Everything is top priority. If you ask which is more important between two top priority tasks, and you will get told "both". - Reactive instead of proactive. You will be taking out fires daily instead of fixing the source of the problem because of direction from leadership. - As a manager, you are unable to provide opportunities to your employees who work hard and deserve it. No promotions, no pay raises, zero compassion.

Explore other reviews about Newrez

5.0
5 Jul 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
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
4d
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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