Newrez offers personal loans to homeowners through Upgrade partnership

Newrez has partnered with financial technology firm Upgrade to offer unsecured personal loans to eligible mortgage servicing customers, according to HousingWire and National Mortgage Professional.

These personal loans provide homeowners with an option to access cash for purposes such as debt consolidation, home improvements, and unexpected expenses without refinancing their mortgage or using home equity.

The loans are originated and serviced by Upgrade and issued by partner Cross River Bank, and do not affect the existing Newrez mortgage.

Newrez highlighted that the loans can be funded as quickly as one business day for qualified borrowers, have no prepayment fees, and allow customers to view prequalified offers through a soft credit inquiry.

This initiative aims to support homeowners' broader financial needs beyond monthly mortgage payments, especially as many homeowners carry revolving debt that impacts their finances, based on a June 2026 survey cited by Newrez.

The partnership reflects Newrez's commitment to expanding financial services for its customers and helping them make informed decisions to improve their financial positions.