"Newrez's production primarily came from its lower-margin correspondent channel, which had a margin of 0.44% in the quarter. The company is pushing growth in higher-margin direct origination channels, which represented 37% of originations in Q1 2026, up 75% year over year."
"Silverstein stated that Newrez's revenue strategy focuses on expanding its partner base, product innovation, and homeowner retention, while also attacking unit costs through technology. The cost per loan is projected to reduce by an additional 15% from the current run rate."
"The Newrez portfolio ended Q1 with $850 billion in unpaid principal balance, including $257 billion of third-party servicing. The company added five new clients and boarded $22 billion of new loans in its capital-light, third-party servicing business."
Newrez originated $15.5 billion in mortgages in the first quarter, reflecting an 18% decline from the previous quarter due to seasonal and interest rate factors. However, this volume represents a 31% increase compared to the same quarter in 2025. The gain-on-sale margin was 1.44%, slightly down from 1.50% in Q4 2025 but higher than 1.37% in Q1 2025. The company is focusing on higher-margin direct origination channels and has implemented technology-driven expense initiatives to reduce costs further.
Read at www.housingwire.com
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