Skip to main content

Newrez Names New SVP Of Non-QM Lending

Director of Events
Jun 08, 2021

Mike Smeltzer will assume the role of senior vice president of Non-QM Lending for Newrez LLC.

Newrez LLC hired Mike Smeltzer as the senior vice president of Non-QM Lending, effective June 7.

In his role, Smeltzer will be responsible for managing Non-QM origination production across all of Newrez’s origination channels. He will also play a leading role in driving Newrez Non-QM production growth with the development of products through credit risk, capital markets, and the required support for each individual channel. Additionally, he will also oversee implementing unique scenario-specific program usage to assure loans are closed in accordance with appropriate guidelines and prepared for securitization.

“Mike has a deep and valuable background in Non-QM loan underwriting, processing and credit management that will support the expansion of our non-QM platform and product set,” said Jeff Gravelle, chief product officer at Newrez.

Smeltzer brings more than 22 years of underwriting management experience to his new role. Prior to joining Newrez, he served as chief credit risk officer at Angel Oak Home Loans, where he was responsible for the Non-QM and jumbo products, including creating new products and establishing appropriate credit policy. He also has previous experience in underwriting at other leading institutions such as SunTrust Mortgage, Fannie Mae, Real Estate Mortgage Network, Just Mortgage Inc., Taylor Bean and Whitaker.

“Newrez has a differentiated Non-QM product suite that is positioned to help customers find the right lending solutions and support the dream of homeownership,” said Smeltzer.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jun 08, 2021
More from
Non-QM
Fraud Alert: Some Non-QM Lenders Excluding Loans Involving Certain Appraisers, Borrowers

Fannie Mae warns of multi-state, broker-led mortgage fraud linked with investment properties, a settlement company, multiple LLCs

Jul 15, 2025
Rithm Capital Closes $504M Non-QM Loan Securitization

Transaction is Rithm’s third of its kind so far this year

Jun 18, 2025
Non-QM Veteran Michael Goldman Joins Champions Funding As Account Executive

Philadelphia-based advisor known for consultative, asset-backed financing

Jun 12, 2025
Carrington Mortgage Services Adds Two New AE Teams

TPO channel teams to be responsible for growth in company’s Non-QM production

Jun 06, 2025
Easy Street Capital Debuts Residential Transition Loan Securitization

$175M transaction expands company’s real estate investment financing capacity

Jun 04, 2025