diff --git a/lib/model.js b/lib/model.js
index c86cd0ac7e5..c6d5b28c083 100644
--- a/lib/model.js
+++ b/lib/model.js
@@ -2079,6 +2079,11 @@ var INSERT_MANY_CONVERT_OPTIONS = {
  * because it only sends one operation to the server, rather than one for each
  * document.
  *
+ * Mongoose always validates each document **before** sending `insertMany`
+ * to MongoDB. So if one document has a validation error, no documents will
+ * be saved, unless you set
+ * [the `ordered` option to false](https://docs.mongodb.com/manual/reference/method/db.collection.insertMany/#error-handling).
+ *
  * This function does **not** trigger save middleware.
  *
  * This function triggers the following middleware:
@@ -2091,6 +2096,8 @@ var INSERT_MANY_CONVERT_OPTIONS = {
  *
  * @param {Array|Object|*} doc(s)
  * @param {Object} [options] see the [mongodb driver options](http://mongodb.github.io/node-mongodb-native/2.2/api/Collection.html#insertMany)
+ * @param {Boolean} [options.ordered = true] if true, will fail fast on the first error encountered. If false, will insert all the documents it can and report errors later. An `insertMany()` with `ordered = false` is called an "unordered" `insertMany()`.
+ * @param {Boolean} [options.rawResult = false] if false, the returned promise resolves to the documents that passed mongoose document validation. If `false`, will return the [raw result from the MongoDB driver](http://mongodb.github.io/node-mongodb-native/2.2/api/Collection.html#~insertWriteOpCallback) with a `mongoose` property that contains `validationErrors` if this is an unordered `insertMany`.
  * @param {Function} [callback] callback
  * @return {Promise}
  * @api public
@@ -2105,16 +2112,18 @@ Model.insertMany = function(arr, options, callback) {
   if (callback) {
     callback = this.$wrapCallback(callback);
   }
-  var limit = options && options.limit;
-  if (typeof limit !== 'number') {
-    limit = 1000;
-  }
+  callback = callback || utils.noop;
+  options = options || {};
+  var limit = get(options, 'limit', 1000);
+  var rawResult = get(options, 'rawResult', false);
+  var ordered = get(options, 'ordered', true);
 
   if (!Array.isArray(arr)) {
     arr = [arr];
   }
 
   var toExecute = [];
+  var validationErrors = [];
   arr.forEach(function(doc) {
     toExecute.push(function(callback) {
       doc = new _this(doc);
@@ -2123,7 +2132,8 @@ Model.insertMany = function(arr, options, callback) {
           // Option `ordered` signals that insert should be continued after reaching
           // a failing insert. Therefore we delegate "null", meaning the validation
           // failed. It's up to the next function to filter out all failed models
-          if (options != null && typeof options === 'object' && options['ordered'] === false) {
+          if (ordered === false) {
+            validationErrors.push(error);
             return callback(null, null);
           }
           return callback(error);
@@ -2144,7 +2154,7 @@ Model.insertMany = function(arr, options, callback) {
     });
     // Quickly escape while there aren't any valid docAttributes
     if (docAttributes.length < 1) {
-      callback && callback(null, []);
+      callback(null, []);
       return;
     }
     var docObjects = docAttributes.map(function(doc) {
@@ -2157,7 +2167,7 @@ Model.insertMany = function(arr, options, callback) {
       return doc.toObject(INSERT_MANY_CONVERT_OPTIONS);
     });
 
-    _this.collection.insertMany(docObjects, options, function(error) {
+    _this.collection.insertMany(docObjects, options, function(error, res) {
       if (error) {
         callback && callback(error);
         return;
@@ -2167,7 +2177,17 @@ Model.insertMany = function(arr, options, callback) {
         docAttributes[i].emit('isNew', false);
         docAttributes[i].constructor.emit('isNew', false);
       }
-      callback && callback(null, docAttributes);
+      if (rawResult) {
+        if (ordered === false) {
+          // Decorate with mongoose validation errors in case of unordered,
+          // because then still do `insertMany()`
+          res.mongoose = {
+            validationErrors: validationErrors
+          };
+        }
+        return callback(null, res);
+      }
+      callback(null, docAttributes);
     });
   });
 };
diff --git a/lib/utils.js b/lib/utils.js
index 71b79fde719..8e3b719f297 100644
--- a/lib/utils.js
+++ b/lib/utils.js
@@ -894,3 +894,9 @@ exports.each = function(arr, fn) {
     fn(arr[i]);
   }
 };
+
+/*!
+ * ignore
+ */
+
+exports.noop = function() {};
diff --git a/test/model.test.js b/test/model.test.js
index ebe2ffe8d6d..a27155a1761 100644
--- a/test/model.test.js
+++ b/test/model.test.js
@@ -5398,6 +5398,28 @@ describe('Model', function() {
       });
     });
 
+    it('insertMany() multi validation error with ordered false (gh-5337)', function(done) {
+      var schema = new Schema({
+        name: { type: String, required: true }
+      });
+      var Movie = db.model('gh5337', schema);
+
+      var arr = [
+        { foo: 'The Phantom Menace' },
+        { name: 'Star Wars' },
+        { name: 'The Empire Strikes Back' },
+        { foobar: 'The Force Awakens' }
+      ];
+      var opts = { ordered: false, rawResult: true };
+      Movie.insertMany(arr, opts, function(error, res) {
+        assert.ifError(error);
+        assert.equal(res.mongoose.validationErrors.length, 2);
+        assert.equal(res.mongoose.validationErrors[0].name, 'ValidationError');
+        assert.equal(res.mongoose.validationErrors[1].name, 'ValidationError');
+        done();
+      });
+    });
+
     it('insertMany() depopulate (gh-4590)', function(done) {
       var personSchema = new Schema({
         name: String