Caliber Home Loans Reviews

Pros

I really have loved working for Caliber the last couple years. Sanjiv was a great CEO and ran things smoothly and well regulated. He was very thoughtful about how he communicated to the entire company. Lot's of interesting work to do and challenges to solve. Collaborative people trying to build and release tools to help everyone do things more efficiently. Everyone is really nice and wanting to do the right thing. The technology that get released is actually pretty good.

Cons

Pains me to say any of this cause I do look back at my time here as positive. Unfortunately everything has gotten much worse since being acquired. It's like a totally different company than 8 months ago. The Caliber culture is getting crushed. It doesn't feel like NewRez knows what it wants to do. The strategy has been erratic and reactive. "Look and Feel" is not a vision statement and it's not what made Caliber successful before. They haven't kept up with compensation so we're not competitive at all. Merit increases were really bad. They didn't pay out the full bonus which left a bad taste in everyone's mouth. People are fleeing in droves. Most of the Caliber leadership has abandoned ship. HR has pretty much all quit. They are trying to force return to office really hard. It almost feels like they are trying to get people to quit. Hiring is paused even though we need backfills for existing positions. Even with less employees, deadlines aren't adjusted. Feels like major layoffs might be coming soon.

Pros

I was able to work remote Great commission structure and benefits Great team communication & collaboration to meet goals I had regular reviews and raises

Cons

During peak season closing 100 plus loans was difficult for me

Pros

- The importance of work/life balance is recognized by management at Caliber Home Loans and they go to great lengths to prevent burn-out. - There are several platforms in place that allow all voices to be heard and new ideas to be surfaced. Team leads and Architects are welcoming to technologies that promise better productivity, security and stability. - They have a modernized approach to software development with an emphasis on proper agile/scrum methodologies that are becoming more consistent across teams.

Cons

- Engineering quality is sacrificed to deliver on time. Ironically, but not surprisingly, this often results in defects that jeopardize on time delivery. - Product ownership is compartmentalized with sharp lines drawn between each of them. This leads to the "not my responsibility" mentality when unplanned dependencies across teams are encountered which tends to make simple tasks difficult and tedious. - There's not enough emphasis on self-improvement nor are there many tools available if you want to improve your skills. This tends to create an environment where low performing engineers get stuck or skills are improved very slowly if t all.

Pros

good benefits, fair pay. Lower Level Managers are pretty good.

Cons

LAYOFFS since NewRez took over. The owner of Newrez has one focus and that is beating Rocket Mortgage. He says it in every video or meeting. The Managing guy Baron Silverstein will just seems okay but they are not loyal to their employees. Caliber doesn't exist anymore. They may hire you remote but it is clear the new owners want people in buildings,

Pros

It was awesome before new res

Cons

New res messed up a great company

Pros

If I could give zero stars I would. Nothing. I was there a day, because of the NewRez/Caliber merger. I had a bad feeling about the merger a few weeks before my transition, so I decided to apply elsewhere. LUCKILY, I got something else and did not have to eventually be laid off, which let's face it, was inevitable. Caliber DOES NOT CARE about their employees. There was too much that was sketchy (nothing was ever communicated to us before our transitions) that trumped wanting to stay versus leaving. Buyer be aware. Research this company before you apply, and DO NOT buy into all the robotic/planted positive/happy comments you see.

Cons

Everything. All NewRez employees are basically gone because they were laid off or they foresaw bad things and quit. The Caliber employees are mostly there. It's believed the company got acquired but are still sticking to the same management, dumb LOS system and procedures that supposedly made them horrible enough to have to be liquidated. Again, that's the rumor, but too many people have the same thoughts.