Bulletin 2021-067 Smart Series Product Launch

Smart Series Product Launch

Newrez LLC "Newrez" Approved Correspondent Clients: Newrez is pleased to introduce our Non-QM Smart Series products: SmartEdge, SmartSelf and SmartVest. The addition of Non-QM products is part of our continuing efforts to provide competitive, non-agency financing options for our customers.


All Non-QM Smart Series products must be submitted to Newrez for underwriting. In addition, for the SmartSelf product, bank statements must be submitted to Newrez for income calculation prior to submitting the loan for underwriting. See Job Aid for additional guidance.


Effective Date


Effective Wednesday, June 30, 2021


Product Terms


  • 30-Year Fixed Rate
  • 30-Year Fixed Rate Interest Only




See page 2 of this announcement for the SmartEdge, SmartSelf and SmartVest product highlights.




Please reference the Smart Series Product Profiles and Smart Guide for complete product details.



Rate Sheets


Please reference the rate sheet for pricing and adjustments.