The Yahoo Finance View: Newrez’s strongest features are its rate lock programs that last for 45 to 75 days, a close-on-time guarantee, and a 0.50% closing cost discount if you use a real estate agent through the company. Newrez is a national mortgage company that originates loans in all 50 states, Puerto Rico, and the Virgin Islands. The lender offers various types of mortgage loans, including conventional, FHA, VA, and USDA loans, as well as purchase, refinance, home equity, and investment property mort ...