Newrez Launches Home Rewards Program

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 up to 1% in credits. Buyers benefit both from savings and Newrez’s “unique concierge experience,” the company said. “In delivering a closing cost credit and a home concierge program through the Newzip partnership, we are furthering our commitment to our customers,” said Baron Silverstein, Newrez president. “Our holistic approach brings value to our clients not just when they buy their home but through the lifecycle…