NewDay USA Reviews in Baltimore, MD

Updated April 25, 2014
Updated April 25, 2014
68 Reviews
3.5
68 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
NewDay USA CEO Robert Posner
Robert Posner
47 Ratings

Review Highlights

Pros
  • They reward their employees for their hard work and dedication (in 11 reviews)

  • Finally, there is a strong potential to make 6 figures in your second year (in 5 reviews)


Cons
  • Obviously the work life balance is a no brainer (in 6 reviews)

  • Everyone talks about the long hours, no social life, and being laid off quickly (in 7 reviews)

More Highlights

2 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 4 people found this helpful  

    Unethical has as hell it's disgusting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Banker  in  Baltimore, MD
    Former Employee - Mortgage Banker in Baltimore, MD

    I worked at NewDay USA full-time for more than a year

    Pros

    None, awful, unethical, no morals, lack a soul.

    Cons

    Takes advantage of vets. All the positive reviews are being done by current customers afraid to lose their job.

    Advice to ManagementAdvice

    Disgusting

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 6 people found this helpful  

    You will be ashamed of your employment once you understand what you are doing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Officer  in  Baltimore, MD
    Former Employee - Loan Officer in Baltimore, MD

    I worked at NewDay USA full-time for more than 3 years

    Pros

    If you are really freaking good at sales, you will make money but of course, if you are good at sales you don't need this vehicle. There are thousands of other jobs that will pay better with less stress. The training is top notch. They spend a great deal of time helping you learn the industry and absorb all the costs of getting your licensing.

    Cons

    The overly obvious canned positive reviews should tell you all you need to know. I doubt there is a single positive REAL review on here.. They have been doing the same routine for the last 15 years. Make you wait 7 hours to be interviewed Make you some subservient smuck for your first year of employment- dangling out the carrot of the supposed riches that await your effort. Making you work 90 hours a week with the threat of working on Sundays. Stop me if you've heard this one, "Congratulations everyone, you just got a raise because you are going to work this Sunday." Constant fear, threats and pressure to make numbers. Do you think any other lender offering VA loans operates this way?

    They take advantage of freshly minted, eager, young college grads by teaching them to take advantage of their less sophisticated peers who have just come back from war.. Being a soldier is a noble and brave choice. Coming home emotionally and physically scared, you are not in a position to make the best financial choices. Lets be honest, soldiers don't read the Wall St. journal in the first place. The fact that this company portrays itself as some "friend of the soldier" is an in-your-face wolf in sheep's clothing as you will ever see. They have former high ranking servicemen who have influence. They are on the take through the guise of being on the "board of directors". Ask yourself, WTF does a former ranking officer have to offer a mortgage company that merits being on their Board??? Do you even think they know what a basis point is? They are there to exert influence on the VA. The VA is complicit in steering their veterans into the most expensive and therefore, worst loan on the market to meet their veterans needs.

    Ask yourself, does this sound like the tactics of a compassionate company that wants to *help* the honorable people that have served this country? Or do you think this might just be a boiler room focused on preying on some of the least financially savvy people out there?

    NEW DAY doesn't offer any VA loan that is any different than any other loan you could get from any other VA lender. There are thousands to choose from. The only difference is that their loan will cost you $5-15k more depending on loan size than you would have received from any other lender.

    Advice to ManagementAdvice

    Hope one of your scorned employees doesn't decide to pick up the phone to 60 Minutes and expose your shenanigans.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

Worked for NewDay USA? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.