NewRez LLC
601 West Office Center Drive, Suite 100, Montgomery County, PA 19034
https://www.newrez.com
Internal Reviews
(6 reviews)
Total loans closed with Loan Factory
18,296
Total loans closed with Loan Factory (past 12 months)
14,769
Lender overview
Basic information
NewRez LLC ISAOA/ATIMA 601 Office Center Drive, Suite 100 Fort Washington, PA 19034
NewRez LLC ISAOA/ATIMA 601 Office Center Drive, Suite 100 Fort Washington, PA 19034
Lock policies & Fees
Lock Policies
For Lock Cut-off: Conventional You can lock online during the week, all the way up until approximately 6AM central time the next morning. This is when pricing is no longer available, until we publish the new day’s pricing.
• On Friday, you can lock all loans online until 11:59PM central time.
• On Saturday, 12AM through Sunday (Monday 6AM), you can lock new loans that have not yet been submitted to underwriting.
For Non-QM Smart Series and Jumbo products may have varying cut off times.
Extension: 1st-3rd ext. 2 bps/day | 4th ext. 4 bps/day
Extended loans cannot expire on a weekend or holiday. Max number of days to extend is 45 days per request.
Please contact: Wholesale.pricing@newrez.com for more details.
15 day : 0.3 (< 3 prior ext) otherwise 0.6
30 day 0.6 (< 3 prior ext) otherwise 1.2
45 day 0.9 (Less than 3 prior ext) otherwise 1.8
Lender's niche & Overlays
Please respond to this cash out refi on an owner occupied and an investment property for a green card, SS#, borrower who wants to go no ratio or no income verification
1. Max loan amount
2. Max CLTV
3. Min credit score
4. Term options (e.g. 25, 30 yr?)
Lender turn time
2
2
1
Review - NewRez LLC
4.7
6 Google Reviews
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