Newrez LLC is a prominent US-based mortgage lending and servicing company. Founded as New Penn Financial in 2008 and rebranded to Newrez in 2019, the company aims to combine the resources of an established lender with the agility of a technology-focused startup. It offers a comprehensive suite of mortgage products for home purchase and refinancing, including conventional, FHA, VA, and jumbo loans. A notable service is the "New Score Mortgage," a program specifically designed to increase homeownership accessibility for individuals with non-traditional credit histories or lower credit scores by using alternative data for underwriting.

Founded in

United States