Loan impact
Summarized from the announcement · verifiedApplies to: Non-conforming loans under the Yosemite Jumbo AUS program seeking to use transferred appraisal reports.
- ANDNewrez loan
- ANDProduct is Yosemite Jumbo AUS
- Addressed to
- Newrez correspondent sellersFrom the publisher, not quoted from the text
- Investor
- NewrezFrom the publisher, not quoted from the text
- Affected area
- Valuation
- Affected documents
- Appraisal report; Appraiser state license; Errors and omissions insurance declaration; Appraiser independence requirements certification; Prior lender assignment letter
- Effective
- Aug 27, 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| Requirement | Previously | Now |
|---|---|---|
| Appraisal transfer eligibility and age limitRelaxed | Not stated | Lenders may use transferred appraisals that are dated less than 120 days prior to the note date. |
What to do
AWACS interpretation · not source languageWhat to review: Review the optional flexibility permitting transferred appraisals dated less than 120 days before the note date on Yosemite Jumbo AUS mortgages locked on or after August 27, 2026.
QC implications
- Quality control should test Yosemite Jumbo AUS loans using transferred appraisals to verify the appraisal report is dated less than 120 days prior to the note date and that all required documentation is provided.
Source and record
Version 1 · archivedChecks
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.
Source
- Client Announcement 2026-068 (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 5746e54e6489…
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