| Product | SmartTrac Full Doc |
| For Borrowers Who: | Have suffered a recent isolated derogatory event |
| Max LTV | 85% Purch/RT 80% Cash Out |
| Max DTI | 50% |
| W2 Current Paystub | Yes |
| Tax Returns – 4506t | Yes |
| Derogatory Credit Seasoning | BK, SS, DIL: 12mo. |
| Mortgage History | Multiple 30s OK 0x60x12 |
| Asset Amortization | Allowed |
| Max Cash Out | $1M |
| Use Cash for Reserves | No |
| Minimum FICO | 620 |
| Financed Properties | Up to 15 |
| Loan Terms | Fixed 30,ARM 5/1, 7/1, 10/1 withoptionalInterestOnly;Fixed40InterestOnly(ExcludingSmartVest) |
| Pre-Pay Penalty | None |
New Rez:
Sarah DcDowell
Direct: 318-502-2255
smcdowell@newrez.com
Scenario Desk:
Susanna Carouthers
Direct: 330-338-7785
suzanna.carouthers@nationslending.com
NewRez Scenario desk:
email smartscenariodesk@newrez.com and MGoldman@NewRez.com (always CC Goldman)
NewRez Condo Review Team:
email projectreview@newrez.com and MGoldman@NewRez.com (always CC Goldman)
