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 Wednesday, June 30, 2021
- 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.
Please reference the rate sheet for pricing and adjustments.