Non-QM production at multi-channel mortgage lender Newrez has surged 40% in recent months, with company leaders pointing to enhanced guidelines and growing demand for second mortgages as key drivers of record-breaking wholesale production.

Coming off of the company’s Q3 2025 earnings report on Thursday, Tony Kottenbrock, Newrez‘s head of wholesale, sat down with HousingWire to talk about the company’s growth in the closed-end second space and non-QM, and how they plan to keep momentum going into 2026.

Editor’s note: This interview has been edited for length and clarity.

Sarah Wolak: Let’s first address Newrez seeing a 40% bump in non-QM details ⇒