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Community Investment

Newrez Celebrates 2,212 Volunteer Hours Logged in April!

Read Time: 3 Minutes Date Published: June 27, 2024
Topics:
Community Investment Community Giving Back Impact Volunteering

At Newrez, we believe in the spirit of caring fiercely, whether it’s for our customers, colleagues, or communities. 

We saw that spirit in full force during National Volunteer Month, typically celebrated during the week of April 21-28, 2024. Our team members spent the month of April giving back through on-site events, an extra volunteer rewards incentive, and a company-wide contest – committing over 2,200 hours to the betterment of their communities.

 

Newrez employees are awarded with 8 hours of annual Volunteer Time Off (VTO) to dedicate to any nonprofit of their choosing. For National Volunteer Week, we made it even easier to use VTO by bringing Project Linus® events on-site.

Project Linus® is a national nonprofit organization whose mission is to provide love, a sense of security, warmth and comfort to children who are seriously ill, traumatized, or otherwise in need through the gifts of new handmade blankets. Employees in all our major sites spent two hours handcrafting no sew blankets to support the worthy cause. In total, we made and donated 120 no sew blankets for children across the country.

No matter where our employees volunteered in April, they enjoyed bonus rewards through our Dollars for Doers program. Dollars for Doers rewards volunteers with funds to donate to their favorite nonprofits. To show our gratitude for our incredible volunteers, we doubled the reward for the entire month of April.

These efforts both on- and off-site resulted in an incredible 2,212 volunteer hours in April. Our Houston office donated 575 volunteer hours toward the planning, drive, and competitive spirit of the Community Council. Newrez also supported the charity of choice for Joe Risi, a Finance Associate, who shared his volunteer story with us, “I assisted the FIRST® Robotics Team 321, the Robolancers in scouting, applying my job role of data analytics to analyze teams from around the world and determine who the top teams are. I also aided the team in strategy discussions and cheered with the students though playoffs into the World Championship, which the Robolancers won!” We gifted Joe $250 to donate to his favorite nonprofit as a thank you for sharing his volunteer story and using his Volunteer Time Off!

At Newrez, we empower our employees to make a difference in their communities and are humbled to have a workforce dedicated to that mission. In other words, we care fiercely.

FIRST® is a registered trademark of For Inspiration and Recognition of Science and Technology (FIRST®) and Project Linus® is a registered trademark of Peanuts Worldwide LLC. Neither company is affiliated with Newrez LLC. 

© 2024 Newrez LLC, 601 Office Center Dr., Ste 100, Fort Washington, PA 19034. 1-888-673-5521. NMLS #3013 (www.nmlsconsumeraccess.org). Doing business as Newrez Mortgage LLC in the state of Texas. Alaska Mortgage Lender License #AK3013. Arizona Mortgage Banker License #919777. Licensed by the Department of Financial Protection & Innovation under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Finance Lenders Law license. Massachusetts Lender #ML-3013. Licensed by the N.J. Department of Banking and Insurance. Licensed Mortgage Banker-NYS Banking Department. Additional licenses available at www.newrez.com.

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.

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Disclosures

†By refinancing an existing loan, the total finance charges may be higher over the life of the loan.

††The rate on your existing mortgage will not change. The Newrez Home Equity Loan program requires borrower to obtain a second mortgage at current market rates. Loan amount based on underwriting guidelines. Minimum 660 credit score. Minimum and maximum loan amounts apply. Program financing only available on properties with one existing mortgage lien and subject to maximum loan-to-value ratio. Not available in all states or territories. Other terms and restrictions apply. Please contact us for more information.

^ This HELOC is an open-end line of credit, available on owner occupied properties, where 75% of the approved full credit limit (minus the origination fees) will be drawn at the time of closing. Additional draws may be available after a 90-day period within the first 3 years not to exceed the available credit limit. Actual rates available to you may vary based on several factors including your credit score and combined loan-to-value. Loan amounts range from $50,000 to $350,000. We may determine home value and resulting equity through independent data sources and automated valuation models. An appraisal may also be required. Only available for eligible borrowers and property types. Not all applicants will be approved, pre-approval is based on data you have provided and certain assumptions that must be verified and subject to underwriting approval. Not available in all states or territories. Contact Newrez for more information.

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.