Newrez Correspondent · Client Announcement 2026-068 · Published

Appraisal Transfer Guidelines for Yosemite Jumbo AUS

Newrez permits appraisal transfers on Yosemite Jumbo AUS mortgages locked on or after August 27, 2026. Lenders utilizing transferred appraisals must provide specific documentation and meet age restrictions.

Review recommendedEffective Aug 27, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Non-conforming loans under the Yosemite Jumbo AUS program seeking to use transferred appraisal reports.

Applies when all of these are true
  • 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
RequirementPreviouslyNow
Appraisal transfer eligibility and age limitRelaxedNot statedLenders may use transferred appraisals that are dated less than 120 days prior to the note date.

What to do

AWACS interpretation · not source language

What 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 · 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.