NewRez Wholesale Lending
Broker Reference Guide
Your Account Team Important Information
Helpful Hints
Client Services
Client Loan Support
NewRez’s Lender Fees
Your Account Information
CLIENT ID #:
COMP:
PORTAL USER NAME:
ACCOUNT EXECUTIVE:
ACCOUNT MANAGER:
1-888-988-1695 Option 3
TPOassist@newrez.com
LE Edits: TPOLECompliance@newrez.com
Mia Johnson
925-349-1844 • mjohnson@newrez.com
LENDER IDs: FHA: 2557400002 • VA: 6001710000 FNMA:
27471 • FREDDIE: 158390
FOR LOCK EXTENSIONS, CANCELLATIONS:
lockrequest@newrez.com
ORDER AN APPRAISAL:
www.NewRezWholesale.com/client-library/order-
appraisals
HOI/FLOOD/CONDO INSURANCE LOSS PAYEE CLAUSE:
Shellpoint Mortgage Servicing, ISAOA/ATIMA
PO Box 7050, Troy, MI 48007-7050
NEW PENN SERVICING:
Customer Service: 866-317-2347
Email: loanservicing@newrezservicing.com
TITLE REQUIREMENT HIGHLIGHTS:
• Transaction Specific Closing Protection Letter
• Wiring Instructions on Agent’s Letterhead
• Pre-HUD (Attorney Fees and Closing Costs)
• Title Commitment within 45 days of funding
• 24 Month Chain of Title
• Alta 8.1 on all loans / Transaction specific ALTAs
TITLE COMMITMENT, CLOSING PROTECTION LETTER
& SUBORDIN
ATION AGREEMENTS MORTGAGEE
CLAUSE: NewRez, LLC, ISAOA/ATIMA
4000 Chemical Road, Suite 200
Plymouth Meeting, PA 19462
INSURANCE REQUIREMENT HIGHLIGHTS:
• Policy Dates required - Effective and expiration dates
• Minimum of 3 months coverage remaining on Refi’s
• Purchases require 1yr coverage; may be paid at closing
• Max deductible lesser of 5% or $5,000
•
•
Refer to applicable agency guidelines for requirements
If using guaranteed replacement cost insurance, policy
must state as such
AMOUNTFEE
$125
$550 UW/$405 Admin
Up to $999k: $80; +$10 for
each additional $100k
$225; $325 for 2-4 unit
Texas Attorney
Origination - All other states
Tax Service Fee (FHA loans not
charged)
Desk Review & Report Fee
for Transferred Appraisal
$495 UW/No Admin
$150
$550 UW/$445 Admin
$6
VA IRRRL/FHA Streamline
Desk Review For $1-1.5M Loans
Origination - CA/NV/NY/WA
L
i
fe of Loan Flood Certs (All Products)
10.5.2018 NewRez NMLS# 3013 (nmlsconsumeraccess.org). Equal Housing Lender. ©2018 New Penn Financial, LLC. All rights reserved.
•
•
•
•
•
Find required forms/disclosures at
NewRezWholesale.com
Max file upload size 32MB
POA must be specific to transaction and submitted for
approval. POA specific to transaction along with letter
from borrower must be submitted for prior UW approval.
Trust documents must be submitted for approval /
certification drawn by NRZ
HO6 coverage required for attached dwellings / condos.
Must cover betterments and improvements.
• Our site performs best when using Google
Chrome
$995Jumbo Loan Fees
$150 (Except for Jumbo C)
$795 UW & $500 Admin
CDA for Jumbo/SMART Non-QM
SMART Non-QM
NON-QM ACCOUNT EXECUTIVE:
Type AE's Name, Phone # and Email Here
Type Account Manager's Name, Phone # and Email Here
Type Account Manager's Name, Phone # and Email Here
