NewDay USA - Fake reviews maybe? Here's the truth | Glassdoor
  1. Helpful (17)

    "Fake reviews maybe? Here's the truth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Fulton, MD
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    You get licensed on the company dime. You will be taught the mortgage industry (from a NEW DAY point of view). Some loan officers make good money if you are willing to decieve clients. If you have no family great place to spend all your time.

    Cons

    No work life balance for loan officers. <-- read this twice. Very high cost loans compared to competition. Compliance and ethical morals do not exist. You would not want to work for them if they get investigated. You have a rate sheet that exists only for regulators, must sell higher cost loans. Verballized, never in writting. At any time you will be required to sign new pay structure and hourly structure. HR will say anything to mislead you about the work environment. Obvious kickbacks are being paid to "exclusive lender relationships" and "board of directors". Pre-Qualified leads are false advertising. How do you declined credit on qualifed leads?? I would file complaints about this. They mail people with forclosures and management wants you to produce loans that will not qualify. Management holds credit committee to appove or decline loans, the majority of declined loans are due to low profitablity. You could spend weeks working on a loan that gets denied because the profit margin is too low, this is verbalized never in writting. Reading a script that requires you to mislead clients. AKA US VETERANS HR will despute this because the truth behind this company will hurt the recruiting.

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    NewDay USA2013-10-29
  1. Helpful (1)

    "Great Career Starter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Account Executive in Fulton, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at NewDay USA full-time for less than a year

    Pros

    - Great pay - Fun work environment - Promotes from within - Benefit plans

    Cons

    - Long work days make work/life balance difficult

    NewDay USA2020-01-02

    NewDay USA Response

    February 9, 2020

    Thank you so much for sharing your positive experience with NewDay. Our employees are given the unique opportunity to leave work every day knowing that they have positively impacted the lives of the Veterans they serve. We wish you continued growth and success here at NewDay!

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  2. "Great salary opp, long hours"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Account Executive in Fulton, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at NewDay USA full-time

    Pros

    Amazing compensation for first time job coming out of college

    Cons

    Long hours. Easily burnt out

    NewDay USA2020-01-29

    NewDay USA Response

    February 9, 2020

    Thank you so much for sharing your positive experience with NewDay. We pride ourselves in recognizing driven, hardworking individuals and promote emerging leaders early and often from within. We wish you continued growth and success here at NewDay!

    Continue reading

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