Looking for a different lender?
N
NEWREZ LLC
Independent Mortgage Company|WILMINGTON, DE|National
Loans Originated
32,880
Applications
90,526
Volume
$11 billion
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Safe Rate Awards⭐FHA Superstar⭐VA Superstar⭐USDA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.382%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,479
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
36.3%
Percentage of applications that result in closed loans
Safe Rate's 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
Report Card
NEWREZ LLC performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$356,769
Average Borrower Income
$146,014
Average Property Value
$471,189
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Exceptional | Acceptable | Sound | 20,172 | 61.4% | +0.444% | $2,652 |
FHA Loans | Strong | Exceptional | Sound | Sound | 7,656 | 23.3% | +0.501% | $2,196 |
VA Loans | Strong | Exceptional | Sound | Strong | 4,230 | 12.9% | -0.240% | $2,152 |
Jumbo Loans | Sound | Exceptional | Acceptable | Sound | 353 | 1.1% | +0.645% | $2,497 |
USDA Loans | Strong | Exceptional | Strong | Strong | 469 | 1.4% | +0.272% | $1,809 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 22,106 | 67.2% | +0.375% | $2,298 |
Refinance | Sound | Exceptional | Acceptable | Sound | 10,774 | 32.8% | +0.399% | $2,908 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Fairbanks, AKMSA
Volume: 215Mix: 0.65%
Place Specialization
Exceptional
2
Allentown, PA-NJMSA
Volume: 310Mix: 0.94%
Place Specialization
Exceptional
3
Tacoma, WAMSA
Volume: 306Mix: 0.93%
Place Specialization
Exceptional
4
Jacksonville, NC, NCMSA
Volume: 216Mix: 0.66%
Place Specialization
Exceptional
5
Indianapolis, INMSA
Volume: 731Mix: 2.22%
Place Specialization
Exceptional
6
Washington, DC, DC-MDMSA
Volume: 337Mix: 1.02%
Place Specialization
Exceptional
7
Anchorage, AK, AKMSA
Volume: 410Mix: 1.25%
Place Specialization
Exceptional
8
Toledo, OH, OHMSA
Volume: 179Mix: 0.54%
Place Specialization
Strong
9
Virginia Beach, VA-NCMSA
Volume: 442Mix: 1.34%
Place Specialization
Strong
10
New York, NY-NJMSA
Volume: 630Mix: 1.92%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
WAState
Volume: 1,521Mix: 4.63%
Place Specialization
Exceptional
2
AKState
Volume: 713Mix: 2.17%
Place Specialization
Exceptional
3
ORState
Volume: 819Mix: 2.49%
Place Specialization
Exceptional
4
FLState
Volume: 3,238Mix: 9.85%
Place Specialization
Exceptional
5
PAState
Volume: 1,391Mix: 4.23%
Place Specialization
Exceptional
6
VAState
Volume: 1,108Mix: 3.37%
Place Specialization
Exceptional
7
NJState
Volume: 975Mix: 2.97%
Place Specialization
Exceptional
8
NYState
Volume: 1,471Mix: 4.47%
Place Specialization
Exceptional
9
INState
Volume: 1,431Mix: 4.35%
Place Specialization
Exceptional
10
ILState
Volume: 1,112Mix: 3.38%
Place Specialization
Exceptional
Showing 10 of 51 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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.
Ready to Get Started?
Compare NEWREZ LLC with other lenders or get personalized recommendations.