Newrez Launches the NEED Fund to Support Employees in Times of Crisis

August 15, 2024 at 07:00 AM EDT

Newrez LLC (“Newrez”), announced the launch of their new emergency relief fund dedicated to providing Newrez employees with financial assistance in times of hardship.

A product of Newrez’s steadfast commitment to their employees, the NEED Fund is designed to provide immediate financial assistance to employees facing unforeseen emergencies such as natural disasters, medical crises, or other significant personal hardships. The NEED Fund provides Newrez employees assistance for qualifying events and was created in partnership with E4E Relief®, a 501c(3) nonprofit. This effort is funded through both corporate contributions and voluntary donations from employees.

Qualifying events include, but are not limited to:

Flood, tornado, wildfire, hurricane damage
Death of a spouse or partner
Unexpected medical conditions
Vehicle accidents

“One of our core values at Newrez is to “care fiercely” — a commitment we make to both our team members and the homeowners we serve. With the establishment of the NEED Fund, we can deliver important financial support to our employees facing unexpected hardship in their lives or as a result of natural disasters. I am proud to support this initiative and foster a culture of caring fiercely for our people,” said Baron Silverstein, President of Newrez.

About Newrez

Newrez is a leading mortgage lender and servicer dedicated to providing a customer-first experience and helping homeowners make smart moves throughout their 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 champion homeownership – the company helps clients achieve their homeownership goals through a wide array of products and services. Newrez was established in 2008 and is headquartered in Fort Washington, PA.

About E4E Relief

For 20 years, E4E Relief® has been the leading provider of charitable emergency financial relief programs, rapidly responding to disasters and hardships on behalf of corporations around the world. E4E Relief® empowers global companies to provide meaningful financial relief to employees and other key stakeholders when they need it most.

E4E Relief® LLC, a wholly owned subsidiary of Foundation For The Carolinas, is a 501(c)(3) public charity and is not affiliated with Newrez LLC.

© 2024 Newrez LLC, 601 Office Center Dr., Ste. 100, Fort Washington, PA 19034. 1-888-673-5521. NMLS #3013. Doing business as Newrez Mortgage LLC in the state of Texas. Alaska Mortgage Lender License #AK3013. Arizona Mortgage Banker License #919777. Licensed by the Department of Financial Protection & Innovation under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Finance Lenders Law license. Massachusetts Lender #ML-3013. Licensed by the N.J. Department of Banking and Insurance. Licensed Mortgage Banker-NYS Banking Department. For licensing information, go to: www.nmlsconsumeraccess.org. Equal Employment Opportunity.