Newrez LLC Head of Product Salary | Comparably
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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
217
TOTAL
RATINGS
1795
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Newrez LLC Head of Product Salary

The average Newrez LLC Head of Product earns an estimated $197,478 annually, which includes an estimated base salary of $163,861 with a $33,617 bonus. Newrez LLC's Head of Product compensation is $18,073 more than the US average for a Head of Product. Head of Product salaries at Newrez LLC can range from $85,000 - $380,000.

The Product Department at Newrez LLC earns $10,404 more on average than the Engineering Department.

Last updated 2 months ago.

$20k
$75k
$123k
$174k
$415k
$885k
$197,478
Average Compensation
$163,861
avg. base
$33,617
avg. bonus

Head of Product Salaries at Newrez LLC

Heads of Product earn $5,281 more than Directors of Product.

Director of Product
$192k*
Group Product Manager
$182k*
Senior Product Manager
$158k*
Product Manager
$120k*
Jr Product Manager
$87k*
* estimated salary

Compensation at Newrez LLC by Department

The Product Department averages $10,404 more than the Engineering Department, and $7,828 less than the Legal Department

Legal
$142,485 Avg. total comp.
+$8k
Product
$134,657 Avg. total comp.
Engineering
$124,253 Avg. total comp.
-$10k

Head of Product Compensation by Gender (All Companies)

The average female Head of Product at companies similar size to Newrez LLC reported making $201,736, while the average male Head of Product at similar sized companies reported making $202,787.

Head of Product Compensation by Ethnicity (All Companies)

The average Asian or Pacific Islander Head of Product at companies similar size to Newrez LLC reported making $220,775, while the average African American/Black Head of Product at similar sized companies reported making $127,000.

How Heads of Product at Newrez LLC Rate Their Compensation

The majority of Heads of Product at Newrez LLC believe they're compensated fairly. 33% of Heads of Product at Newrez LLC say they receive annual bonuses, and the majority (39%) are not satisfied with their benefits. See more compensation ratings at Newrez LLC

Do you believe you're paid fairly?
51% Yes
51
Does your company give annual bonuses?
33% Yes
33
Are you satisfied with your Benefits?
39% Yes
39

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