NewRez has named Mike Smeltzer (pictured) senior vice president of non-QM lending, effective June 07.
Smeltzer joins NewRez with more than 22 years of underwriting management experience. In his new role, Smeltzer will oversee non-QM origination production across all of the company’s origination channels. He will be instrumental in driving Newrez non-QM production growth with the development of products through credit risk, capital markets, and the necessary support for each individual channel. Additionally, Smeltzer will spearhead the implementation of unique scenario-specific program usage to assure loans are closed in accordance with appropriate guidelines and prepared for securitization.
“Mike has a deep and valuable background in non-QM loan underwriting, processing and credit management that will support the expansion of our non-QM platform and product set,” said Jeff Gravelle, chief product officer of NewRez. “At Newrez, we are focused on helping borrowers identify the right solution to fit their homeownership journey, and Mike brings a dynamic perspective to support that focus and, in particular, support the evolving needs of our current and prospective non-QM loan borrowers.”