Newrez Mortgages Review and Comparison

Business Insider’s personal finance team recently conducted a thorough comparison of Newrez to the best mortgage lenders in the market. While Newrez offers fairly standard mortgage products, it falls short in terms of customer service, according to their analysis.

One of the standout features of Newrez is its “Smart Series” mortgages, which cater to nontraditional borrowers. These mortgages include three non-qualifying mortgage options for self-employed individuals, real estate investors, and those with a less-than-perfect credit history. However, despite these specialized offerings, Newrez ranks low in customer satisfaction and lacks transparency when it comes to rates.

In terms of ratings, Newrez received a 3.66 out of 5 from Business Insider’s team. The lender was praised for its non-QM loan options but criticized for its poor customer service and lack of rate transparency.

Overall, Newrez is considered a solid option for nontraditional borrowers, but potential customers should be aware of its shortcomings in customer service and rate transparency. If you’re in the market for a mortgage and value customer service, it may be worth exploring other lenders before making a decision.