Smart Series Product Summaries Updates
Newrez LLC "Newrez" Approved Correspondent Clients; effective immediately, Smart Series Product updates are shown below.
The following content has been moved from the Underwriting Guide to the Product Summaries:
- Information for escrow waivers
- Significant Derogatory Credit
An additional underwriting scenario tool has been added to all Smart Series products. Smart Series products will continue to be manually underwritten by Newrez Correspondent. Correspondent Clients may now use LoanNEX to deliver Smart Series eligibility results. Smart Series loans must include eligibility results from either Loan ScoreCard or LoanNEX.
To get approved for LoanNEX, please contact your Regional Sales Manager.