Introducing Newrez TitlePass: A Real Differentiator in Refinance Loans

Newrez TitlePass enables eligible refinance borrowers to eliminate the requirement for traditional lender title insurance.

Want a way to set yourself apart to cost-sensitive borrowers looking for a refinance? Meet Newrez TitlePass, a service that could provide eligible borrowers with significant savings and reduced friction in the loan process—offered exclusively by Newrez through Avenue 365^®, a title provider affiliate of Newrez.^*

How Newrez TitlePass Works

Newrez TitlePass enables eligible refinance borrowers to eliminate the requirement for traditional lender title insurance. Eligibility is determined automatically through Newrez’s AUS.

This is not a pricing incentive or a temporary promotion. It is a true title insurance waiver.

Borrowers must use Avenue 365^® to receive this benefit.

Strategic Value for Brokers

Newrez TitlePass presents a real competitive edge in a crowded refinance market.

Broker advantages could include:

• More compelling conversations with cost-sensitive refinance borrowers
• A unique offering that sets you apart from other brokers
• Fewer title-related conditions and reduced friction in processing
• A faster loan process and improved operational efficiency

Impact for Borrowers

You’ll be able to articulate these clear potential benefits to your borrowers:

• Significant cost savings
• Lower cash to close
• A faster, more streamlined refinance experience

Performance Validation

Newrez TitlePass has already demonstrated favorable results, as about 70% of eligible refinance loans received the waiver.^** This suggests that a meaningful number of your borrowers could benefit from Newrez TitlePass.

Further, the average borrower using Newrez TitlePass has saved just under $1,000 on average with some states/properties seeing savings as much as $2,200.^{^}

Eligibility Requirements

To qualify for Newrez TitlePass, loans must meet all of the following criteria:

• Primary residence refinance only
• ≤ 80% LTV
• Must be run through Newrez AUS
• Avenue 365^® must be used

Eligibility is not guaranteed.

Take Advantage of Newrez TitlePass to Grow Your Pipeline

Newrez TitlePass offers brokers the uncommon combination of cost reduction, operational efficiency and market differentiation, and Newrez is proud to provide this distinct benefit. It strengthens your value proposition, could enhance borrower satisfaction and provides an opportunity to increase refinance conversions.

If you’d like to learn more about Newrez TitlePass, reach out to your Wholesale AE today.