Reminder that NewRez Correspondent accepts Hybrid E-Closings
NewRez LLC "NewRez" Approved Correspondent Clients: please note that NewRez does accept Hybrid E-Closed on Conventional Conforming loans and Government loans (FHA, VA and USDA). In order to be eligible for purchase, the Note, Mortgage, Assignment (if applicable) and the SSA 89 (if applicable) must contain a wet signature. All other documents in the closing package can be e-signed. Proof of e-consent for all borrowers, including non-borrowing spouses, must be included in the loan file when submitting to NewRez for purchase.
NewRez will not allow E-closings on the following:
- Texas Equity Section 50 (a)(6)
- New York Consolidation, Extension and Modification Agreement
If you have any questions regarding any information in this announcement, please feel free to contact your regional account manager or client manager.