AWACSMortgage compliance intelligence from Flightline

Newrez Correspondent · Correspondent Announcement 2026-032 · Published

Cryptocurrency Asset and Income Eligibility for Non-QM Smart Series

Newrez expanded qualification options to permit eligible cryptocurrency for asset verification and income calculation on Non-QM Smart Series loans. Qualifying digital assets may be used for reserves, down payment, and closing costs subject to valuation haircuts, disclosure forms, and mandatory Newrez underwriting.

Review recommendedChecks passed· adjusted automaticallyRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Non-QM Smart Series mortgages where the borrower uses eligible digital currency for asset verification or income calculation.

Addressed to
Newrez correspondent sellersFrom the publisher, not quoted from the text
Investor
NewrezFrom the publisher, not quoted from the text
Affected areas
General; Products
Affected documents
Borrower cryptocurrency asset disclosure form
Applicability confidence
Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted

Summary by AWACS. Newrez Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

What changed

Summarized from the announcement
RequirementPreviouslyNow
Cryptocurrency utilization for qualificationRelaxedNew requirementBorrowers may use qualifying crypto assets toward reserves, closing funds, and income under specific haircut and documentation standards.

What to do

AWACS interpretation · not source language

What to review: Review guidelines permitting eligible cryptocurrency to be used for reserves, closing costs, down payments, and income qualification on Non-QM Smart Series loans.

QC implications

  • Quality control should test Non-QM Smart Series files where digital assets are utilized to verify adherence to valuation haircuts, disclosure form requirements, and mandatory Newrez underwriting.

Source and record

Version 1 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed

    Every quoted passage appears word for word in the official document.

  • Requirements backed by the source: Passed

    Anything marked required is backed by the requirement language and dates in the source.

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed, adjusted automatically

    The record follows the AWACS format and uses its standard labels.

    • A detail the source does not support was removed or adjusted