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NewRez

Independent Mortgage Company•Wilmington, DEHQ•Direct & Wholesale•Reviews near you on Google

NewRez's 32.9k closed loans and 91k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo · USDA
Place
Strong
4/5
National · 49 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
VA Superstar
VA
Superstar
USDA Superstar
USDA
Superstar
Purchase Superstar
Purchase
Superstar

Safe Rate Summary

What They Do Well

  • High volume lender with significant market experience
  • Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
  • Nationwide availability with consistent service

Things to Think About

  • Pricing may be below industry average

Explore another lender or local market

Report Card

NewRez performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+38.2 bps above market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Exceptional
Top 10% of lenders
FHA
Exceptional
Top 10% of lenders
VA
Exceptional
Top 10% of lenders
Jumbo
Exceptional
Top 20% of lenders
USDA
Exceptional
Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Top 10% of lenders
Refinance
Exceptional
Top 10% of lenders
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Sound
Volume20,172
Mix61.4%
Spread
+0.444%Above
Fees
$2,652Fees
FHA Loans
Overall
Strong
Product
Exceptional
Pricing
Sound
Pull Through
Sound
Volume7,656
Mix23.3%
Spread
+0.501%Above
Fees
$2,196Fees
VA Loans
Overall
Strong
Product
Exceptional
Pricing
Sound
Pull Through
Strong
Volume4,230
Mix12.9%
Spread
-0.240%Below
Fees
$2,152Fees
Jumbo Loans
Overall
Sound
Product
Exceptional
Pricing
Acceptable
Pull Through
Sound
Volume353
Mix1.1%
Spread
+0.645%Above
Fees
$2,497Fees
USDA Loans
Overall
Strong
Product
Exceptional
Pricing
Strong
Pull Through
Strong
Volume469
Mix1.4%
Spread
+0.272%Above
Fees
$1,809Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Exceptional
Pricing
Acceptable
Pull Through
Strong
Volume22,106
Mix67.2%
Spread
+0.375%Above
Fees
$2,298Fees
Refinance
Overall
Sound
Product
Exceptional
Pricing
Acceptable
Pull Through
Sound
Volume10,774
Mix32.8%
Spread
+0.399%Above
Fees
$2,908Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
32,880
Applications
90,526
Volume
$11 billion
Pricing & Closing
Avg Rate Spread
+0.382%
vs. market APOR
Avg Net Fees
$2,479
Origination − Credits
Pullthrough Rate
36.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$356,769
Avg Borrower Income
$146,014
Avg Property Value
$471,189

Geographic Coverage

Geographic Performance

Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

51Nationwide · all 50 states and DC
51 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Igor Filippov · Public domain
Fairbanks, AKMetro
Volume 215Mix 0.65% of portfolio
100/100
Exceptional
2© Paul Leiby · CC BY 3.0
Allentown, PA-NJMetro
Volume 310Mix 0.94% of portfolio
87/100
Exceptional
3© Broran28 · Public domain
Tacoma, WAMetro
Volume 306Mix 0.93% of portfolio
87/100
Exceptional
4© DXR · CC BY-SA 4.0
Jacksonville, NCMetro
Volume 216Mix 0.66% of portfolio
86/100
Exceptional
5© TheWxResearcher · CC0
Indianapolis, INMetro
Volume 731Mix 2.22% of portfolio
84/100
Exceptional
6© Ad Meskens · CC BY-SA 3.0
Washington, DC, DC-MDMetro
Volume 337Mix 1.02% of portfolio
82/100
Exceptional
7© C Watts · CC BY 2.0
Anchorage, AKMetro
Volume 410Mix 1.25% of portfolio
81/100
Exceptional
8© Chris Rycroft from Madison, Wisconsin, United States · CC BY 2.0
Toledo, OHMetro
Volume 179Mix 0.54% of portfolio
80/100
Strong
9© Greyfiveys · CC BY-SA 4.0
Virginia Beach, VA-NCMetro
Volume 442Mix 1.34% of portfolio
80/100
Strong
10© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 630Mix 1.92% of portfolio
79/100
Strong
Showing 10 of 49 metro areas

Top States by Place Specialization Score

Washington
Washington
1
WashingtonState
Volume 1,521Mix 4.63% of portfolio
88/100
Exceptional
Alaska
Alaska
2
AlaskaState
Volume 713Mix 2.17% of portfolio
85/100
Exceptional
Oregon
Oregon
3
OregonState
Volume 819Mix 2.49% of portfolio
84/100
Exceptional
Florida
Florida
4
FloridaState
Volume 3,238Mix 9.85% of portfolio
83/100
Exceptional
Pennsylvania
Pennsylvania
5
PennsylvaniaState
Volume 1,391Mix 4.23% of portfolio
83/100
Exceptional
Virginia
Virginia
6
VirginiaState
Volume 1,108Mix 3.37% of portfolio
83/100
Exceptional
New Jersey
New Jersey
7
New JerseyState
Volume 975Mix 2.97% of portfolio
83/100
Exceptional
New York
New York
8
New YorkState
Volume 1,471Mix 4.47% of portfolio
83/100
Exceptional
Indiana
Indiana
9
IndianaState
Volume 1,431Mix 4.35% of portfolio
82/100
Exceptional
Illinois
Illinois
10
IllinoisState
Volume 1,112Mix 3.38% of portfolio
80/100
Exceptional
Showing 10 of 51 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.