Newrez Reviews

3.5

60% would recommend to a friend

(1,487 total reviews)

Baron Silverstein

68% approve of CEO

61% positive business outlook

Newrez has an employee rating of 3.5 out of 5 stars, based on 1,487 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Newrez employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

1K reviews
5.0
27 Aug 2021

Excellent place to work with caliber

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Adorable Management. Excellent place to work with caliber

Cons

All good All good All good

5.0
16 Oct 2020

Good

Recommend
CEO approval
Business outlook

Pros

Good Company to work at.

Cons

No Cons. Only writing as its a mandatory field

1.0
23 May 2015

Company Unfair to Minorities

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Their are 18 Vice Presidents at NPF, none African American, Hispanic or Asian. So it's a pro if you are white.

Cons

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!

Viewing 1 - 3 of 1,487 Reviews

Glassdoor has 1,528 Newrez reviews submitted anonymously by Newrez employees. Read employee reviews and ratings on Glassdoor to decide if Newrez is right for you.