# NEWREZ LLC

> **Canonical URL:** https://saferate.com/lenders/newrez

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

NEWREZ LLC is a independent mortgage company, headquartered in WILMINGTON, DE, serving borrowers nationwide, with 32,880 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 65% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 41% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300FNXYY540N23N64
- **Headquarters:** WILMINGTON, DE
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** mix
- **Direct Origination:** 73.9%
- **Brokered/Wholesale:** 26.1%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 35/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 59/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.382%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,479
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 32,880
- **Dollar Volume:** $11.7 billion
- **Applications Received:** 90,526
- **Market Share:** 92.00%

## Typical Borrower Profile

- **Average Loan Amount:** $356,769
- **Average Borrower Income:** $146,014

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (63%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **USDA Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (62%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 93/100 | 20,172 | +0.444% | $2,652 | Exceptional 🤩 |
| FHA | 93/100 | 7,656 | +0.501% | $2,196 | Exceptional 🤩 |
| VA | 92/100 | 4,230 | -0.240% | $2,152 | Exceptional 🤩 |
| Jumbo | 87/100 | 353 | +0.645% | $2,497 | Exceptional 🤩 |
| USDA | 95/100 | 469 | +0.272% | $1,809 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 13,451 loans, Score: 93/100 (Exceptional)
- Refinance: 6,721 loans, Score: 89/100 (Exceptional)

**FHA:**
- Purchase: 4,555 loans, Score: 92/100 (Exceptional)
- Refinance: 3,101 loans, Score: 91/100 (Exceptional)

**VA:**
- Purchase: 3,359 loans, Score: 91/100 (Exceptional)
- Refinance: 871 loans, Score: 90/100 (Exceptional)

**Jumbo:**
- Purchase: 273 loans, Score: 86/100 (Exceptional)
- Refinance: 80 loans, Score: 85/100 (Exceptional)

**USDA:**
- Purchase: 468 loans, Score: 95/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 94/100 | 22,106 | $8.6B | +0.375% | Exceptional 🤩 |
| Refinance | 90/100 | 10,774 | $3.1B | +0.399% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| FL | 3,238 | 1.11% | 83/100 |
| CA | 2,476 | 0.87% | 80/100 |
| TX | 1,993 | 0.57% | 80/100 |
| WA | 1,521 | 1.79% | 88/100 |
| NY | 1,471 | 1.30% | 83/100 |
| IN | 1,431 | 1.57% | 82/100 |
| OH | 1,398 | 1.04% | 80/100 |
| PA | 1,391 | 1.15% | 83/100 |
| NC | 1,149 | 0.78% | 76/100 |
| IL | 1,112 | 0.89% | 80/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 3,626 | 84/100 |
| Indianapolis | IN | 731 | 84/100 |
| Chicago | IL | 659 | 77/100 |
| New York | NY-NJ | 630 | 79/100 |
| Houston | TX | 484 | 73/100 |
| Phoenix | AZ | 476 | 72/100 |
| Tampa, FL | FL | 468 | 78/100 |
| Minneapolis | MN-WI | 453 | 74/100 |
| Virginia Beach | VA-NC | 442 | 80/100 |
| Atlanta | GA | 436 | 74/100 |
| Warren | MI | 414 | 74/100 |
| Anchorage, AK | AK | 410 | 81/100 |
| Orlando | FL | 390 | 75/100 |
| Riverside | CA | 376 | 72/100 |
| Seattle | WA | 370 | 78/100 |

## Frequently Asked Questions

### What loan types does NEWREZ LLC offer?

NEWREZ LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does NEWREZ LLC offer mortgages?

NEWREZ LLC is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are NEWREZ LLC's mortgage rates?

NEWREZ LLC has a pricing score of 35/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.382% above market average.

### What type of lender is NEWREZ LLC?

NEWREZ LLC is a non-depository lender that specializes in mortgage origination, headquartered in WILMINGTON, DE.

### What is NEWREZ LLC's loan approval success rate?

NEWREZ LLC has a pull-through score of 59/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/newrez

### How to Cite

> "NEWREZ LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/newrez

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