AWACSMortgage compliance intelligence from Flightline

Newrez Correspondent · Announcement 2026-058 · Published

Fraud Risk Management Documentation Requirements for Annual Recertification

Starting August 1, 2026, Newrez requires correspondent clients to submit fraud prevention, detection, and reporting procedures during annual recertification. Lenders must upload the documentation through Comergence when requested.

Action requiredEffective Aug 1, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: All approved correspondent lenders participating in annual recertification with Newrez.

Addressed to
Newrez correspondent sellersFrom the publisher, not quoted from the text
Investor
NewrezFrom the publisher, not quoted from the text
Affected area
Records
Affected documents
Fraud control policies and procedures
Effective
Aug 1, 2026
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
Submission of fraud risk management documentationNewRequiredNew requirementApproved correspondents must provide fraud prevention, detection, and reporting policies as part of annual recertification.

What to do

AWACS interpretation · not source language

What to review: Review annual recertification processes to ensure fraud prevention, detection, and reporting documentation is prepared for submission through Comergence effective August 1, 2026.

Compliance

Submit documentation of fraud prevention, detection, and reporting policies and procedures through Comergence when requested during annual recertification starting August 1, 2026.

Quality control

Ensure current fraud risk management procedures covering prevention, detection, and reporting are prepared for annual recertification submissions starting August 1, 2026.

QC implications

  • Verify that required fraud prevention, detection, and reporting policies and procedures are complete and submitted for annual recertification requests.

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

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