Newrez Charts Path to Industry-First, AI-Powered Mortgage Underwriting Solution; Announces Strategic Investment in HomeVision

Key Terms

ai-powered technical

"AI-powered" describes technology that uses artificial intelligence to perform tasks, make decisions, or analyze information automatically. It’s similar to having a highly skilled assistant that can learn from data, recognize patterns, and improve over time, helping to make processes faster and more accurate. For investors, this means better insights and more efficient operations, potentially leading to smarter investment choices.

b2b saas technical

Business-to-business software-as-a-service (B2B SaaS) is cloud-hosted software sold on a subscription basis to other companies rather than individual consumers — think of renting a continually updated toolbox a business accesses over the internet instead of buying and installing programs. It matters to investors because the model creates steady, recurring revenue and clear growth signals (new customers, churn, and expansion), making future cash flow and valuation easier to predict than one-time sales.

machine intelligence technical

Machine intelligence is computer software that learns from data and performs tasks that usually require human thinking—like spotting patterns, making predictions, or understanding speech and text—think of it as a smart assistant or autopilot for information. For investors it matters because it can boost productivity, cut costs, enable new products and revenue streams, or disrupt existing businesses, while also creating risks such as higher upfront investment, regulatory oversight, and potential market shifts.

collateral underwriting technical

Collateral underwriting is the process of evaluating and accepting the assets pledged to secure a loan or a debt offering, rather than relying primarily on the borrower’s credit history. Think of it as a lender or underwriter checking the value and condition of a house offered as a safety net before agreeing to finance: stronger, well-documented collateral lowers the risk of loss and can affect interest rates, deal pricing, and how easily investors can recover money if the borrower defaults.

underwriting platform technical

An underwriting platform is the system—people, processes and technology—used by banks or financial firms to organize, price and sell new securities offerings to investors. It coordinates tasks like assessing demand, allocating shares and managing paperwork, much like a ticketing operation that sets seat prices, tracks buyers and ensures the event runs smoothly. Investors care because the platform affects how widely and quickly an offering is distributed, the price stability after launch, and the credibility and fees attached to the deal.

mortgage origination technical

Mortgage origination is the process by which a lender creates and issues a home loan, from taking the borrower's application through approval, pricing and funding. Investors care because origination volume and quality drive lenders’ revenue and risk exposure—think of it like a shop making and selling a product: more sales and better products boost profit, while many risky or low-margin loans can hurt earnings and increase potential losses, and both reflect housing and interest-rate trends.

• Companies will create an end-to-end, next-generation underwriting platform that covers all underwriting components, including collateral, income, assets, and credit.
  
  
  
  
• AI-powered solution will lower origination costs, enhance accuracy, and deliver a faster, more seamless underwriting experience for homebuyers.
  
  

FORT WASHINGTON, Pa.--(BUSINESS WIRE)-- Newrez LLC (“Newrez”), a top five mortgage lender and servicer, announced today a strategic investment in HomeVision to develop an industry-first, AI-powered mortgage underwriting solution to accelerate the underwriting and loan review process across loan types. HomeVision is a leading B2B SaaS platform focused on utilizing advanced machine intelligence to expedite the mortgage underwriting process.

Newrez already leverages HomeVision’s industry-leading MIRA collateral underwriting AI technology, which has doubled operational efficiency in Newrez’s collateral underwriting. By expanding this capability across the remaining three key underwriting components: income, assets, and credit, the companies will create an end-to-end, next-generation underwriting platform that will lower origination costs, enhance accuracy, and deliver a faster, more seamless underwriting experience for customers.

“Today’s announcement underscores Newrez’s commitment to redefining the mortgage experience through strategic partnerships that advance innovation and set a new industry standard,” said Baron Silverstein, President of Newrez. “By combining Newrez’s deep mortgage origination expertise with HomeVision’s cutting-edge machine intelligence, we’re accelerating the path to real-time mortgage decisions—delivering greater speed, accuracy, and simplicity for homebuyers, while expanding capacity, reducing costs, and unlocking new growth opportunities for our business.”

HomeVision’s flagship product, MIRA, leverages advanced machine intelligence to read loan documents and make decisions. While initially focused on the collateral underwriting and quality control process, the partnership with Newrez will extend its application across all mortgage loan documents, creating a comprehensive, AI-powered underwriting platform.

“We are thrilled to deepen our relationship with Newrez as a partner to advance our mission to build the industry’s leading AI-enabled underwriting platform,” said Jeff Foster, CEO and Co-Founder at HomeVision. “Their investment accelerates our ability to expand beyond collateral review and deliver more intelligent, scalable underwriting solutions across the mortgage origination process.”

Newrez expects to begin rolling out the new technology as early as this year. Financial terms of the deal are not being disclosed.

To learn more about Newrez, please visit: www.newrez.com.

About Newrez

Newrez, a Rithm Capital Corp. (NYSE:RITM) company, is a top five mortgage lender and servicer 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.

About HomeVision

HomeVision is a leading provider of AI-powered underwriting technology for mortgage lenders, banks, and appraisal management companies. Its flagship platform, MIRA, brings together machine intelligence and human judgment to deliver transformational improvements in productivity, accuracy, and review quality across the underwriting process. To learn more or request a demo, visit www.homevision.co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260107371394/en/

Newrez Media:

Ryan Feldman

Director, Public Relations

Ryan.Feldman@Newrez.com

David Guarino

Immortality PR & Communications LLC

Dave.Guarino@immortality-pr.com

+1 201 755 5334

HomeVision Media:

Stew Scott

Head of Sales

stew@homevision.co

Source: Newrez LLC