Newrez is waiving lender title insurance on some refis

TitlePass applies to eligible conventional rate-and-term refinance loans with loan-to-value ratios up to 80% that receive automated underwriting system (AUS) approval, according to the announcement. By removing the lender’s title insurance requirement on these transactions, Newrez aims to reduce one of the more significant third-party fees on a refi closing.

Avenue 365 is fully…