Intermediary Companies FHA, VA & USDA
Newrez LLC "Newrez" Approved Correspondent Clients; effective immediately, for all loans in pipeline, transactions involving Intermediary companies are not eligible for purchase with government products.
Examples of Intermediary Companies/programs are Homeward, RibbonCash Offers, and Zoom Casa.
Please use this announcement as guidance until all applicable underwriting guides are released.
The FHA, VA, and USDA Underwriting Guides will be updated with this information for release the week of April 24, 2023.
Complete guidelines will be published in:
- FHA Underwriting Guide, Chapter 2B Transaction Types, 2B.1(a) Owner of Record and Chain of Title
- VA Underwriting Guide, Chapter 3B Transaction Types, 3B.1(a) Owner of Record and Chain of Title
- USDA Underwriting Guide, Chapter 4B Transaction Types,. 4B.1(a) Owner of Record and Chain of Title