Policies & Procedures

Details on Appraisal Transfers, Trust & Lock Policy and CEMA Approvals.
Name Description
Appraisal Transfers This guide contains procedures for Transferred Appraisals, as well as some frequently asked questions about this process.
Broker Agreement Here's the NewRez broker agreement.
CEMA Approval NewRez requires all loans for which a CEMA will be prepared to be closed using a NewRez CEMA approved attorney, as found on the following list.
Closing Agent Approval To obtain closing agent approval with NewRez, we will require the information contained in this document, to be provided to your assigned Account Manager.
Credit Enhancement Policy The policy sets forth (1) the score range and credit profile required to pursue credit enhancement; and (2) documentation requirements and process for credit rescoring
Fannie Mae Guidelines This link takes you to Fannie Mae's Single Family Guides.
FHA Handbook Here's the link to the Federal Housing Administration’s (FHA) Single Family Housing Policy Handbook 4000.1 (SF Handbook).
Freddie Mac Guidelines Here's the Freddie Mac Single-Family Seller/Servicer Guide for your reference.
Lock Policy Our lock policy should answer most of your questions regarding the lock process and pricing guidelines.
Loss Payee and Insurance Info This Document contains NewRez's Mortgagee Clause and Loss Payee Clause, as well as Title and Insurance Requirement Highlights.
Net Tangible Benefit Policy & Procedure All non-conforming, FHA, VA, USDA, and certain conventional refinance loan transactions must pass our Net Tangible Benefit Test
Trust Policy Find out more about NewRez's Trust Policy and Procedures.
USDA Handbook This takes you to The Regulations and Guidelines section of the United States Department of Agriculture Rural Development website.
VA Handbook This takes you to the Web Automated Reference Material System (WARMS) page of the U.S. Department of Veterans Affairs website.

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