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
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The management and directors work on a fear based leadership. As long as employees fear they feel they are leading.
What did you like most about the interview process?
The transparency of the internal duties.
What's going wrong and how can it be improved?
I was told coming aboard the directors monitor all in order to remove jobs, like a chopping block.
What is most positive about the culture and environment at your company?
The rebranding and culture seem to promote a face of greatness yet leadership in the company has never shown it.
What does the leadership team need to get better at?
Leadership is to improve others, yet the tactics that are used on a daily basis are to find fault in an employee in order to never build up.
What are some of the best things about your team?
The meetings are very depressing, the slogan is id you don't like it you can be replaced or if a question is asked that the supervisor can't answer there is change in tone of anger and meetings feel as it's best not to ask to keep your position.
Why do you feel undervalued and what would make you feel better about your compensation?
The pay is not fair for the work load. My supervisor sends texts on off weekend days (none paid) to verify if anyone will be working over time for the next working week and if you fail to answer it seems cold in the work week. I use a skill of a second language that I'm not paid for.
Other Employee Reviews for Newrez LLC
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