Newrez LLC Claimed Company

Newrez LLC (Newrez) is a leading nationwide mortgage lender and servicer. As a lender, Newrez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 50 states, Newrez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners. Newrez’s servicing business consists of its performing loan servicing division, Newrez Servicing, and its special servicing division, Shellpoint Mortgage Servicing. Newrez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and E Street Appraisal Management LLC, an appraisal management company. Newrez is member of the New Residential read more

EMPLOYEE PARTICIPANTS: 214

TOTAL RATINGS: 1762

CEO: Baron Silverstein

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Millennials at Newrez LLC

Millennials at Newrez LLC grade their overall culture a F; also rating it 37/100, 15 points lower than Newrez LLC's overall culture as rated by all 214 employees on Comparably. Millennials are considered more demanding and to have higher expectations than their more experienced colleagues. Three areas millennials working at Newrez LLC think their company is performing well in are: CEO Rating (F), Retention (F), and Manager, (F).

Work Life Balance & Community Outreach at Newrez LLC

Millennials working at Newrez LLC and everywhere else are striving for a balanced life. At Newrez LLC, the majority of employees are satisfied with their work life balance. The average Newrez LLC employee receives 15-20 paid days off per year, and socializes with their peers once a quarter outside of work. See what employees at Newrez LLC think about their work life balance.

Answer	Percent
Yes	50%
No	50%

Are you satisfied with your work/life balance?

Answer	Percent
Unlimited	0%
20-30 days	50%
15-20 days	50%
10-15 days	0%
0-10 days	0%

How much paid vacation and sick days can you take a year?

Answer	Percent
Weekly	0%
Monthly	50%
Sometimes	50%
Infrequently	0%
Never	0%

How frequently does your company participate in community outreach?

Mentorship and Professional Growth for Millennials at Newrez LLC

Within Trenton, NJ, 31% of millennials shared they have a mentor. At Newrez LLC, 100% of millennials say they receive mentorship, which leads to the assumption that Newrez LLC is a great place to work for millennials focused on their professional growth. See what employees think about mentorship and professional growth at Newrez LLC.

Answer	Percent
Yes	100%
No	0%

Do you have a mentor at work?

Answer	Percent
Yes	67%
No	33%

Is your company invested in your career growth?

Sentiment Toward Perks & Benefits at Newrez LLC

Employees at Newrez LLC have ranked their perks and benefits in the Bottom 10% of companies within Trenton, NJ and in the Bottom 10% of similarly-sized companies on Comparably. When asked to estimate how much employees think Newrez LLC spends on their benefits, the most common answer selected is $1500 - $2500/mo. Learn about perks & benefits at Newrez LLC.

Answer	Percent
Yes	40%
No	60%

Are you satisfied with your Benefits?

Answer	Percent
Yes	100%
No	0%

Do your company's benefits play a part in staying at that company?

Answer	Percent
Paid Time Off	0%
Career Training	0%
Decision Making	100%
Fun Culture	0%
Retirement Contribution	0%

What Doesn't Your Company Provide, that You Want?

Retaining Millennials at Newrez LLC

It’s difficult to retain a millennial, and all three aforementioned sections listed bear importance. To recap, Newrez LLC employees rate their work life balance a C-. They think highly of Newrez LLC's professional growth opportunities. Employees have graded Newrez LLC's perks and benefits a D-. These ratings and reviews lead us to conclude that Newrez LLC is a suitable company for the millennial workforce. Learn more about Newrez LLC's efforts to retain employees.

Answer	Percent
Yes	100%
No	0%

Would you leave your current job for a 20% raise at a different company?

Answer	Percent
Yes	50%
No	50%

Do Your Company Leaders Do What They Should to Retain You as an Employee?

Millennials at Similar Sized Companies on Comparably

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