Newrez has launched a fund for employees going through tough financial times as part of its commitment to employee happiness. The NEED Fund provides immediate financial assistance to employees facing unforeseen emergencies such as natural disasters, medical crises, or other hardships. The company created it in partnership with E4E Relief, a 501c(3) nonprofit. Funds come…
Newrez announced a new incentive program offering homebuyers and sellers closing cost kickbacks and other white-glove services. Created with the help of Newzip, a tech-enabled real estate platform, Newrez Home Rewards gives homebuyers access to an advisor, moving assistance, and closing cost credits up to 0.5%. Those who are also selling a home can get…
Newrez launched a new conventional loan product geared towards low-income and first-time homebuyers, the company announced in a press release. The product, RezSource, is designed to lower out-of-pocket costs for borrowers. It allows qualified buyers to secure a 1% down payment, which can be sourced from various places including gifts, funds from family, support for…
Newrez announced a new venture mortgage company with Keller William Bergen County Partners. Headquartered in Ridgewood, NJ, Carnegie Mortgage Partners allows homeowners in New Jersey to access a network of real estate agents offering mortgage product suites from Newrez and Newrez Ventures. “We are excited to partner with Newrez because their vision, and more importantly,…
Lender and servicer Newrez teamed up with Keller Williams Georgia Legacy Group to launch a joint venture mortgage company, according to a press release. The company, Onward Home Mortgage, will open for borrowers in the Southeast, giving them access to both Keller Williams’ real estate agents and Newrez’s resources. Onward will be headquartered in Roswell,…
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