NewRez partners with LoanNEX to expand lenders’ access to non-QM originations

by Candyd Mendoza08 Apr 2019

National mortgage lender NewRez (formerly known as New Penn Financial) has teamed up with LoanNEX, a web-based pricing and eligibility platform for non-QM loan programs, to expand its lenders’ access to NewRez products, specifically non-QM originations.

NewRez’s integration with LoanNEX’s platform connects NewRez lenders with the company’s non-QM programs. It also enables lenders to serve more borrowers who might not qualify for agency programs.

 “In today’s changing market, we know how important it is for lenders to differentiate themselves and bring real solutions to their borrowers,” LoanNEX CEO and co-founder Eloise Schmitz said. “This requires having access to both the right products and the right tools to deliver the best options to your borrowers. LoanNEX is proud to have the NewRez products available on our platform."

“The LoanNEX non-QM product and pricing platform will allow lenders to access NewRez pricing and product eligibility,” said Lisa Schreiber, senior vice president of correspondent lending at NewRez “It provides for national exposure and a transparent, competitive process with other non-QM buyers.”