With Newrez as the servicer, your customer receives the best of both worlds – access to a home loan from a local institution they trust and servicing from experienced mortgage professionals.

About Newrez

Established in 2008, Newrez offers a full suite of industry leading products striving for unparalleled customer service. Newrez is partnering with the MPF Program to purchase MSRs and service loans from participating PFIs under the MPF Xtra product.*

Newrez is a leading nationwide servicer with an A+ rating from the Better Business Bureau. They service over 2.5 million loans with an UPB of $500+ billion.

*See the Newrez Whole Loan Servicing Transfer Manual (Xtra).

Getting Started

  1. Application Period

    • Execute a MPF-specific Corporate Resolution (for NEW PFIs only); 
    • Gather supporting documentation to complete and submit your application.
       

    Applications

  2. Set-Up Process After Application Approval

    • Confirm any 3rd party vendor relationships are finalized (if applicable)
       
    • Set up MPF Products and Pricing Engines to execute your lending strategy. MPF products and pricing are available through five providers:
      • Compass Analytics
      • Ellie Mae®
      • LoanScorecard™
      • Mortech
      • Mortgage Capital Trading, Inc.
      • Optimal Blue
         
    • What you will need:
      • Fannie Mae/Freddie Mac Conforming Documents - Use the Fannie Mae® 3200 multi-state note and state-specific mortgage or deed of trust
         
      • Set-up fields for Loan Origination System

        Note: There are no specific document packages available for MPF products within any current LOS system.

    • Underwriting can be performed manually or by utilizing AUS findings from DU®. 
      • Appraisal data, edits and submissions utilize Uniform Collateral Data Portal® (UCDP®).

        Note: If you are interested in access to DU, contact your Mortgage Relationship Manager. Log in to DU using the temporary credentials provided by Fannie Mae and set up your corporate administrator.

    • Review the loan process and let your implementation specialist know if you are unsure of any step. 
       
    • Log in and familiarize yourself with eMPF.
       

  3. Training

    A dedicated team of trainers is available to prepare you for launch. Customized training will be scheduled with your institution after application approval and when you have loans ready to sell. Our training team will provide you with a comprehensive product review. We recommend several individuals participate in the training sessions, including senior lender, mortgage department. manager, loan officers, underwriters and/or quality control staff, processors/mortgage support staff, and post-close staff. 

    Training Resources

  4. Selling into the MPF Program

    Once you’ve completed your necessary applications, set up systems and completed training, you are now ready to lock and start funding your first loans. With each loan, you will need to prepare a few items for post-closing and ongoing quality control. Don’t worry – we have resources to help walk you through each step. Get ready to enjoy your new opportunities with MPF!

    Custody Package Delivery Instructions Quality Control Requirements