Announcement 2026-010 Smart Series Product Summary and Underwriting Guide Updates

Smart Series Product Summary and Underwriting Guide Updates

Update (February 19, 2026)

Clarification on Non-Traditional Credit:

Non-Traditional Credit is Only Permitted on SmartEdge and SmartSelf transactions and must meet the guidelines in Section 5A.5(b) Nontraditional Trade Line Requirements (SmartEdge and SmartSelf) which identifies how and when Non-Traditional Credit may be utilized to supplement traditional credit. 

Refer to the full guidelines that are detailed in 5A.5(b) of the Smart Series Underwriting Guide.

Newrez LLC "Newrez" Approved Correspondent Clients; the following updates are effective with pipeline loans. To see complete announcement, click here.