NewDay USA Reviews | Glassdoor

NewDay USA Reviews

Updated December 3, 2017
210 reviews

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3.7
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NewDay USA CEO Robert Posner
Robert Posner
155 Ratings

210 Employee Reviews

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Pros
  • Its not often you see company reward for your hard work in such a fast time (in 22 reviews)

  • Great base salary and commission potential (in 20 reviews)

Cons
  • Maintaining a work/life balance is the biggest challenge created by the weekly schedule (in 23 reviews)

  • it is clear that you will be working long hours and you advance based upon performance (in 35 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (1)

    "Account Executive"

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

    I have been working at NewDay USA full-time (More than a year)

    Pros

    - Great base salary and unlimited commission potential. Potential to make 100k in first 18 months.
    - The company is growing at a very fast pace and there are many opportunities for promotion.
    - Young fun work force.
    - A lot of the financial solutions that you provide veterans can be life changing.

    Cons

    The hours can be long and sometimes you have to work on Saturday. However, there is a new work life balance division with a great base salary and commission plan.

    NewDay USA Response

    Jun 16, 2017 – Senior Account Manager

    Thank you for taking the time to post your thoughts on NewDay!


  2. "Account executive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive
    Current Employee - Account Executive
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at NewDay USA full-time (Less than a year)

    Pros

    Pay, exciting career, company treats employees very well, training, benefits, great place to begin and advance a career in mortgages, if you are self motivated and enjoy the sales process this job is ideal. You are helping so many veterans with their current situation, go home everyday feeling accomplished

    Cons

    No complaints, many young people come out of college and don’t have an understanding of what it’s like to work a sales job. They complain about the hours and blame their missed shots on “bad leads”.. it is clear that you will be working long hours and you advance based upon performance.

    This isn’t a job for you if you want to work a bare minimum of 45 hours a week, I’d recommend going elsewhere if worklife balance is what you’re looking for.

    Advice to Management

    Hire more applicants with a gpa lower than 3.0 and not from the highest ranking schools, hire based on attitude and experience

  3. Helpful (2)

    "Account Executive role"

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

    I have been working at NewDay USA full-time (Less than a year)

    Pros

    Invest in your education and training for the SAFE exam
    Start you out in a classroom setting and grow close to the people you begin with
    Younger workforce
    Sphere of Influence bonus

    Cons

    Job security
    Will publicly embarrass you
    Professionalism is non-existent
    Does not care for your wellbeing
    "Walking Profit and Loss Statements"

    Advice to Management

    Your employees when they are working a scheduled 49 hours of paid work and 5 hours of unpaid lunch = 54 hours. Treat them better


  4. "Account Executive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive in Fulton, MD
    Current Employee - Account Executive in Fulton, MD
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at NewDay USA full-time (More than a year)

    Pros

    -Large income potential
    -Promotions from within
    -Paid licensing and top notch training
    -Plentiful and inbound leads
    -Extremely nice office
    -Young and fun environment
    -Out of office events and perks
    -Opportunity to make a direct impact in the lives of people in a deserving class, the veteran community

    The energy of the sales floor, the opportunity to make 100k or close to it your first year out of college, and the quality leads provided by NewDay's marketing team are all things you will struggle to come close to with any other company . If you are motivated by money, competitive, and don't mind working long hours to achieve a high salary, this position is for you. Over the past year, I have transformed from a broke college kid into a young professional making a six figure salary. I have been promoted several times, and enjoy the company of my colleagues. You are held accountable to hit numbers, but are rewarded when you do. This is a "get out of it what you put into it" job.

    Cons

    The most commonly listed con, the hours, shouldn't even be relevant because people only accept this position with the idea that they are going to work A LOT more hours, but also make A LOT more money than they would in a staff position.

    Your commission plan is directly impacted by your ability to recruit even though there is a separate department devoted to recruiting. To some, this is a pro because you can utilize your connections and reap rewards regardless of your sales skill set and work ethic . To others like me, this is a con because I am not as inclined to bother those in my personal network about their employment situation.


  5. "Account Executive"

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

    I have been working at NewDay USA full-time (More than a year)

    Pros

    - Extensive training that allows for personal, developmental, and financial life growth.
    - Great compensation plan for entry level position. Gives the employee control over their income earning potential.
    - Team structure and events really promote a competitive, but supportive work environment.

    Cons

    - Maintaining a work/life balance is the biggest challenge created by the weekly schedule.


  6. "Account Executive"

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

    I have been working at NewDay USA full-time (More than 3 years)

    Pros

    -Newer account executives learn through small, group training environments with captains/managers allowing for individual feedback and daily metrics to track development/goals
    -The opportunity for success is immediate with newer account executives having access to inbound lead sources allowing for hands-on experience, while still earning commissions and advancing in position throughout the company. If you want to be successful, you can be
    -Young company that encourages development and camaraderie through team vs team competitions and bonuses

    Cons

    -Lead sources are predominately inbound and therefore can not always determine the quality of the lead as well as the quantity depending on marketing area
    -Hours are longer depending on department, which can impact work-life balance.


  7. "Good Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at NewDay USA full-time

    Pros

    Great environment and fun place to work. Excellent training and preparation for new hires who have never been in the industry. You can make great money if you are willing to put in the time.

    Cons

    Long days and required to work some weekends. Not much of a work/life balance.

  8. Helpful (2)

    "just don't"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at NewDay USA full-time

    Pros

    the pay is alright for the work

    Cons

    you have to sell your soul for it


  9. Helpful (6)

    "Only if you have no other options."

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

    I worked at NewDay USA full-time (Less than a year)

    Pros

    Young people you work with get along and the people working with you are in the same situation so you can bond that way.

    Cons

    Really it’s hard to say anything positive about the company besides they will pay you and give you a job with little to no experience. They tell you one thing when you’re hired and it’s not reality. Luckily I found a much better opportunity and left. It’s not somewhere you wanna stay long term. The reviews you read about hours and unrealistic expectations are all true. The 5 star reviews are made by employees trying to make them look better in glass door because commission structure is heavy based on how many new employees you bring in. Along with extra bonuses.


  10. Helpful (1)

    "Great place to get a financial career start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst in Fulton, MD
    Current Employee - Credit Analyst in Fulton, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at NewDay USA full-time (More than a year)

    Pros

    Young demographic, great benefits, room for upward movement. University teaches new hires the basics in an interesting way. Great holiday party

    Cons

    Hours can be brutal. Lots of turnover. Some managers are sub par. Cannot move up on AE side without getting at least one new recruit.

    Advice to Management

    Find out what motivates your employees.

    NewDay USA Response

    Sep 11, 2017 – Senior Account Manager

    Thank you for your review. As noted, we do offer a young environment with great benefits and room to advance. We’re happy you enjoyed the NewDay University training, too!

    Providing Opportunity is... More


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