Newrez timeline for accepting UAD 2.6 and UAD 3.6 appraisals, plus extra transaction types allowed to use UAD 3.6

Applies to: GSE loans sold to Newrez whose appraisals use the legacy UAD 2.6 format; as a flexibility, FHA, Jumbo, Med Pro and Smart Series loans may now use UAD 3.6.

Addressed to

Newrez LLC "Newrez" Approved Correspondent Clients

Investor

NewrezFrom the publisher, not quoted from the text

Programs

Conventional, FHA, Jumbo, Non-QM

Affected area

Report format

Affected documents

Appraisal report (UAD format)

Effective

Mar 1, 2027

Applicability confidence

Needs review: some rows could not be matched to a quote from the source

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 to review: Review first which loans going to Newrez rely on UAD 2.6 appraisals, because Newrez will not buy them from March 1, 2027 through May 19, 2027 and lists February 28, 2027 as the last day it takes 2.6 reports; also note that you may now use UAD 3.6 appraisals for FHA, Jumbo, Med Pro and Smart Series loans.

QC implications

• Sample GSE loans sold to Newrez and check that none relies on a UAD 2.6 appraisal from the GSE Reduced Functionality Period (March 1 to May 19, 2027).
• Check that the UAD version recorded for each loan matches the appraisal report in the file.
• For FHA, Jumbo, Med Pro and Smart Series loans that use UAD 3.6, treat the format as allowed and do not cite it as an exception.