AWACSMortgage compliance intelligence from Flightline

Newrez Correspondent · Announcement 2026-079 · Published

Underwriting Fee Schedule Update for Delegated Clients

Newrez published a revised fee grid applicable to delegated correspondent lenders. Starting October 1, 2026, applicable underwriting costs are billed on submitted files regardless of whether Newrez ultimately purchases the mortgage loan.

Review recommendedEffective Oct 1, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Mortgage loans submitted by delegated correspondent clients to Newrez for underwriting review.

Addressed to
Newrez correspondent sellersFrom the publisher, not quoted from the text
Investor
NewrezFrom the publisher, not quoted from the text
Affected area
Contracts
Effective
Oct 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
Underwriting fee assessment on unpurchased loansChangedNot statedLenders are assessed all relevant underwriting charges on submitted files even if the investor does not purchase the mortgage.

What to do

AWACS interpretation · not source language

What to review: Review the updated fee schedule regarding underwriting charges assessed on submitted delegated loans regardless of whether the mortgage is purchased, effective October 1, 2026.

QC implications

  • Quality control should check that underwriting charges are properly accounted for on delegated loan submissions effective October 1, 2026, regardless of whether the loan is purchased.

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.