Promote community development through financing and facilitating homeownership for those who are living in areas that are underserved by conventional lenders, by focusing on census tracts that meet the CDFI Fund's definition of an investment area.
Meeting Our Mission Through Community Development
NewRez Community Lending is an approved Community Development Financial Institution (CDFI) that actively promotes community development through mortgage lending in underserved housing markets. We are proud to offer a full range of traditional and non-traditional mortgage options that approve a greater percentage of customers for a mortgage versus a traditional lender.
In addition to mortgage services, we support our customers through a suite of free financial training programs on buying a home, refinancing a mortgage, personal finance, and savings and retirement.
Carl Lutz, COO
Mr. Lutz was a key member of the founding senior executive teams of both NewRez and Wilmington Finance. With over 30 years of experience in financial services, he brings a wealth of knowledge in lending operations and compliance. Mr. Lutz served as the SVP, Chief Operating Officer at Wilmington Finance. Prior to that, he was Branch President at DecisionOne Mortgage and AVP, Underwriting Manager at ContiMortgage Corporation. Mr. Lutz earned his B.A. in Economics and Political Science from the University of Rochester (1987).