At Newrez we recognize that home finance and loan servicing are part of something much larger. Recognizing that we are really in the business of building and supporting communities, Newrez created a Community Investment Initiative called Newrez NOW (Neighborhood Outreach Works).
After a successful first year of the program, we remain committed to investing in the health, vibrancy, and sustainability of our communities through charitable contribution, outreach, and participation.
We are proud to report that the total amount donated in 2020, including all employee and company donations, the NOW Grant Program, in-kind donations, and "You Save, We Give" program was over $1.6 million.
Some of our current Community Investment news and events:
“You Save, We Give”
Our first year running a holiday giving campaign united what we do best with giving our best. The “You Save, We Give” program donated one toy to Toys for Tots for every loan that we closed in November. In all, we exceeded $450,000 and helped make the holidays brighter for over 18,000 children. This program is one close to our hearts and involved employees and borrowers in the gift of giving. We are proud to be recognized as a 4-Star Toys for Tots sponsor.
Employee Recognition and Volunteer Time-Off
Newrez encourages our employees to become involved in their communities, lending their most valuable resource—their time—to support the projects, programs, and nonprofits that positively impact the quality of life for those within those communities. Every employee receives 8 hours of Volunteer Time-Off to spend with their favorite organizations.
Employee Giving and Company Match
In 2020, Newrez NOW launched a corporate matching donation program, where individuals received a dollar-for-dollar company match on their individual donations to eligible nonprofits. Through this program, our generous employees supported over 1,200 of their favorite charities. These matches accounted for over two-thirds of the total donations for 2020.
Thank you to all our employees who participated in helping us exceeded $1 M in total donations through our Employee Giving and Company Match Program. We’re so proud!
Supporting the charities that resonate strongly with our employees is important to us. That’s why Newrez NOW also includes a grant program, which invites our employee to apply for company-sponsored funds for local organizations. We’re growing this program in 2021 and are excited to empower our employees and communities via our Grant Program.