- Express CES offers a broker‑first execution model for closed-end second mortgages, with Newrez managing processing, underwriting, and closing.
- Fixed‑rate second-lien offering features hybrid closing and no appraisal requirement—without refinancing the first mortgage.
April 2, 2026 -- FORT WASHINGTON, Pa. -- Newrez, a top five mortgage originator and servicer, has launched the Express Closed‑End Second (Express CES), an enhanced second-lien option available through its wholesale channel. The offering simplifies execution by allowing brokers to submit a loan quickly while Newrez manages processing, underwriting, and closing, freeing brokers to focus on advising their clients rather than navigating operational complexity.
“Express CES is a streamlined second‑lien solution that allows brokers to submit a loan in minutes while our team handles the operational heavy lifting,” said Tony Kottenbrock, Senior Vice President of Wholesale Lending at Newrez. “That means brokers can stay focused on supporting clients and growing their business while we manage the process behind the scenes. At the same time, their clients can access home equity in cash through a fixed‑rate solution that offers predictable payments and long‑term rate certainty for the goals they want to accomplish.”
In 2025, Newrez helped thousands of homeowners unlock their home equity with second-liens, including closed-end seconds. Through Express CES, that expertise and technology are extended to broker partners and their customers, complete with hybrid closing and no appraisal requirement.
Today, homeowners across the U.S. hold historically high levels of home equity, with nearly half of mortgaged properties classified as “equity rich,” according to ATTOM data. Closed‑end seconds allow borrowers to access that equity with a stable, fixed-rate payment structure without refinancing an existing first mortgage, offering an alternative to cash‑out refinances and variable‑rate HELOCs in a higher‑rate environment.
To learn more about Express CES, visit https://www.newrezwholesale.com/knowledge-hub/product-updates/express-ces/.
About Newrez
Newrez LLC (“Newrez)”, a Rithm Capital Corp. (NYSE:RITM) company, is a top five mortgage lender and servicer, according to Inside Mortgage Finance, dedicated to providing a customer-first experience throughout the homeownership journey. Newrez offers industry-leading servicing capabilities for owned MSRs and for third-party clients, as well as a robust origination model with presence in the retail, wholesale, correspondent, and consumer direct verticals. Newrez's mission is “to do everything possible to make home happen” through a wide array of products and services. Newrez was established in 2008 and is headquartered in Fort Washington, PA. To learn more about Newrez, visit www.newrez.com and www.newrezwholesale.com.
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