Mortgage recasting is a lesser-known option that can make a real difference for homeowners, without the need to refinance. It's worth knowing how it works, and when to bring it up. As Joshua Bishop our COO, explains, recasting allows customers to apply a lump sum to their principal and reduce their payments over time. It’s especially relevant for those buying and selling at the same time, unlocking equity after the move, and putting it straight into their new loan. Sounds simple, but it really can make a big difference over the long term. Understanding the process, and when it’s available, is key to making the most of it. Watch the full Newrez Voices discussion on YouTube to hear more. Subscribe to watch Newrez Voices on YouTube 📺 https://bit.ly/45KLFOH Check out more on our blog 🔗 https://bit.ly/43DiwoA 🎙️ David Schroeder #Newrez #NewrezVoices
About us
Homeownership is a long-term commitment, and Newrez is your partner for all of it — from your first home to your forever home. With hundreds of loan options, we tailor solutions to fit each client’s goals. Whether someone is purchasing, refinancing or tapping into their home equity, we help them get the most value out of homeownership. Customers who originate a mortgage with us benefit from a single, dedicated point of contact to guide them through the process. We're also proud to offer specialized resources that help U.S. servicemembers and their families achieve and sustain homeownership. As a consistently recognized Military Friendly® Employer, we have team members whose personal experiences give them a deep understanding of the unique challenges Military families face. When guidance matters most, our team brings clarity, empathy and practical solutions. We're experienced professionals located in communities across the United States, ready to support clients with a human touch. Our commitment extends beyond lending. Through Newrez NOW, our employees volunteer in their own neighborhoods, and we provide community grants to more than 100 local organizations. Military Friendly® is a registered trademark of Viqtory, Inc. By refinancing an existing loan, the total finance charges may be higher over the life of the loan. © 2026 Newrez LLC, 1100 Virginia Dr., Suite 125, Fort Washington, PA 19034. 1-888-673-5521. NMLS #3013. Doing business as Newrez Mortgage LLC in the Department of Banking and Insurance. Licensed Mortgage Banker-NYS Banking Department. For licensing information, go to: http://www.nmlsconsumeraccess.org. Equal Housing Opportunity. This is not a commitment to lend. All loan programs are subject to credit, underwriting, and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.
- Website
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https://www.newrez.com/
External link for Newrez
- Industry
- Financial Services
- Company size
- 5,001-10,000 employees
- Headquarters
- Fort Washington, Pennsylvania
- Type
- Public Company
- Specialties
- mortgage lending, mortgage, servicing, joint venture, DTC, retail lending, wholesale lending, correspondent lending, Fixed-rate mortgages, ARM mortgages, Residential mortgage lending, First-time home buyer loans, FHA loans, USDA loans, and VA loans
Locations
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Primary
Get directions
1100 Virginia Dr
Suite 125
Fort Washington, Pennsylvania 19034, US
Employees at Newrez
Updates
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Newrez reposted this
Military May is a reminder of the impact VA lending can have for Military borrowers- and the opportunity it creates for your business. We’re highlighting a few common myths that still show up in the market and the facts that help you navigate VA opportunities with confidence. If you’re looking to strengthen your VA strategy or get started, your RSM is here to help. #NewrezCorrespondent
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Newrez reposted this
This summer, performance belongs to the prepared. Newrez is proud to introduce Built for the Heat — a new summer webinar series focused on helping Mortgage Loan Officers and Realtor® partners show up with confidence, clarity, and momentum in a competitive market. We’re kicking off the series with Dale Vermillion, CEO of Mortgage Champions®, for a fast paced, tactical session centered on real conversations that drive real results. Expect practical guidance on affordability, buyer hesitation, and partner conversations — plus scripts and strategies you can put to work immediately. This is the first of several sessions designed to help you stay ahead all summer. Register: https://bit.ly/4ct9AqN #Newrez
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🎓 From Cap and Gown to Career Growth Graduation season is full of excitement, questions and big decisions. That’s why we asked our Trail Operations Specialists across the business to share one piece of advice they’d give to graduating seniors starting their careers. Their insights are real, honest and rooted in experience across different teams and career paths at Newrez. From staying curious to speaking up early and often, this advice is a reminder that growth happens when you’re supported, challenged and encouraged to keep learning. If you’re ready to start building a career, not just landing your first job, we’re here to help you grow. 👉 Explore early career opportunities at Newrez and see where your journey could lead. https://bit.ly/4uAjayf #EarlyCareers #GraduationSeason #CareersAtNewrez #TRAILProgram
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Service is not a moment—it’s a daily commitment. On Armed Forces Day, we honor those who serve across every branch of the U.S. Military, including those within our own Newrez community. Your dedication, discipline and courage protect far more than borders—they protect the lives we’re able to build. Thank you for serving with purpose and pride. #Newrez #ArmedForcesDay
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You only get one chance to make a first impression. And in our world, that impression can shape a customer relationship for life. As Joshua Bishop, our COO, shares, not every customer journey starts the same. One might be going through a big life change that means they need to grow, another might just be looking for a steady 30-year mortgage. That’s why communication has to be genuinely intentional and personalized from the get-go. Whether it’s how we introduce ourselves or the tools we provide, every touchpoint matters. Strong relationships aren’t built by accident. Watch the full conversation on YouTube to learn more. Subscribe to watch Newrez Voices on YouTube 📺 https://bit.ly/45KLFOH Check out more on our blog 🔗 https://bit.ly/43DiwoA #Newrez #NewrezVoices 🎙️ David Schroeder
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We're all about doing the right thing, and that includes taking care of the only home we all share. Together, Newrez offices have diverted an estimated 90,000 lbs of tech waste from landfills between 2020–2024. Our Environmental ERG drives sustainable impact year-round, including leading bike builds, improving office recycling programs and leading local park clean up events, volunteering over 350 hours of their time for Earth Month during April, and hosting a disaster-readiness seminar to help us stay prepared in any situation. #Newrez
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An appraisal occurs to protect both you and your lender — you get assurance that you’re paying a fair price for the home, and your lender validates that the property’s value supports the loan amount being requested, thus reducing their financial risk. Learn more 🔗 https://bit.ly/42fdugY #Newrez
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Newrez reposted this
Today’s borrowers start their mortgage journey with a search, and many are now turning to AI platforms like ChatGPT for answers. Meet Rezi Mortgage Assistant, an AI-powered mortgage guide available for free directly in ChatGPT. Unlike basic chat tools, Rezi Mortgage Assistant is grounded in actual current underwriting guidelines, lending policies, and educational content, so borrowers get expert answers to their questions from one of the industry’s top 5 lenders, not just generic content. Whether someone is buying their first home or exploring ways to tap into equity, people at every stage of the homeownership journey can now get trusted straightforward mortgage guidance personalized to their needs, anytime they need it. We’re proud to be the first major mortgage lender to launch a custom GPT that delivers clear answers and current, relevant advice to borrowers - meeting them where they are, and delivering on our mission to do everything possible to make home happen. Learn more about Rezi Mortgage Assistant here: https://bit.ly/49JH81P #Newrez #MakingHomeHappen
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Some sacrifices are carried forward, not by choice, but by love. On Children of Fallen Patriots Day, we honor the children whose parents gave their lives in service to our country. Their courage, resilience, and hope carry a legacy that will never fade. Today, we remember the fallen and we stand with the families who live that legacy every day. #ChildrenofFallenPatriotsDay #Newrez
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