Announcement 2025-087 Smart Series Product Summary and Underwriting Guide Updates
Smart Series Product Summary and Underwriting Guide Updates
Newrez LLC "Newrez" Approved Correspondent Clients; the following updates are effective immediately including pipeline loans.
New product codes have been added to the Smart Edge and Smart Self products to support Texas 50A6 loans. The new product codes are:
|
Product Code |
Product Description |
|
2592 |
Smart Edge 30 Year Fixed Texas A6 |
|
2593 |
Smart Self 30 Year Fixed Texas A6 |
Additionally, complete guidelines for origination of TX 50 A6 have been added to the Underwriting Guide in section 2A.4. Refer to this section of the guidelines for details.
To view complete details, click here.