Newrez Wholesale

Born from a broker's winning Big Pitch proposal, Quick Counter analyzes competing Loan Estimates and generates alternative offers during borrower calls

Wholesale lender adds credit-score flexibility to select jumbo, bank statement, investor, and home equity products

The lender adds 200 broker partners representing $12 billion in potential annual production, while its servicing and real estate businesses strengthen its competitive position

Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate

The wholesale lender expects more than $1.8 billion in proceeds, extending its capital restructuring while preliminary quarterly originations fall 16%

The offer covers scores of 580 and higher and cuts the adjustment on VA cash-outs above 90% LTV