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NewRez LLC relaunched its non-QM lending platform for the first time since the COVID-19 pandemic hit back in March 2020.
"As we look ahead to a healthy and growing non-Agency and non-QM market, we are excited to provide options to highly qualified and strong borrowers that sit outside the traditional Agency guidelines," said Baron Silverstein, president of NewRez.
Through its SMART Non-QM Loan Series, NewRez has built a suite of multiple distinct mortgage products that meet the various needs of creditworthy borrowers who may not otherwise satisfy conventional financing requirements, according to a press release. NewRez’s non-QM products support borrowers that fall just outside the qualified mortgage requirement such as self-employed borrowers, bank statement or asset qualifiers, real estate investors, prime borrowers, and more.
The company also built a lending process that utilizes both technology and human interaction, guiding borrowers from product selection through loan closing.
"As we further grow our footprint in non-QM lending, we are committed to underwriting quality loans that meet our guidelines and pricing models. Our product suite is differentiated with various options to fit specific borrower criteria and needs," added Jeff Gravelle, chief production officer of NewRez.
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