The Mortgage Record
Lender report card · New Jersey

Newrez Llc

Fort Washington, PA · What the federal mortgage record shows about how Newrez Llc treated New Jersey applicants, 2018–2025 — 28,575 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
64.0%
18,295 approved
Denial rate
36.0%
10,280 denied
Decisions
28,575
2018–2025
Avg. rate spread
+0.42 pp
vs. market benchmark
64.0% approved
36.0% denied

Share of 28,575 New Jersey applications Newrez Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional66.1% of 21,270 · NJ 87%FHA55.0% of 6,246 · NJ 79%VA75.5% of 1,042 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

46%54%62%70%78%69%78%73%64%50%54%57%52%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Newrez Llc’s rates ran +0.07 pp higher than the typical New Jersey lender (average rate spread +0.42 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Newrez Llc approves

By income
Under $50k26.2% · 2,664$50–75k52.2% · 4,382$75–100k63.2% · 4,791$100–150k69.9% · 6,698$150–250k74.3% · 5,270$250k+73.6% · 2,274
By debt-to-income
Under 36%75.9% · 10,46236–43%78.8% · 5,18743–50%77.3% · 5,457Over 50%14.6% · 4,971
By down payment (LTV)
20%+ down63.7% · 20,02210–20% down69.8% · 2,5305–10% down77.4% · 1,2303–5% down81.7% · 778Under 3% down73.2% · 1,144

Why Newrez Llc denied applications

Debt-to-income ratio42% of denialsCredit history29% of denialsUnverifiable information18% of denialsOther10% of denialsIncomplete application6% of denialsCollateral (value/type)5% of denials

Where Newrez Llc lends in NJ

CountyDecisionsApproval
Bergen County2,74367.8%
Middlesex County2,71565.1%
Monmouth County2,59568.9%
Ocean County2,35264.2%
Essex County2,08757.0%
Burlington County1,98965.7%
Camden County1,76262.4%
Union County1,72661.4%

Fees & closing costs

Median total loan costs
$8,264
home purchase
As % of loan
2.65%
NJ median 1.93%
Priced originations
4,001
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Newrez Llc’s home-purchase originations — 0.71 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $2,628. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Newrez Llc (LEI 549300FNXYY540N23N64). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →