FORT WASHINGTON, PA — Newrez LLC said it plans to begin recognizing cryptocurrency holdings in its mortgage qualification process, allowing borrowers to use digital assets for asset verification and income estimation without liquidating their investments.
The new offering, targeted to launch in February, would make Newrez the first major mortgage lender among the nation’s top 25 to formally integrate crypto assets into underwriting, according to the company. The move is aimed at expanding access to homeownership for consumers who hold a meaningful portion of their wealth in digital assets.
Under the approach, eligible crypto holdings can be considered alongside traditional assets, enabling borrowers to preserve their investment positions while pursuing home financing. Newrez said the change is designed to reflect evolving consumer balance sheets and growing institutional adoption of digital assets.
“Today, an increasing number of consumers include crypto in their investment portfolios, while major financial institutions are deepening their involvement in crypto assets, supported by key regulatory developments,” said Baron Silverstein, president of Newrez. He said the company believes conditions are in place to incorporate crypto assets into mortgage lending in a prudent and structured manner.
Newrez cited the rapid expansion of the global crypto market and demographic trends among younger investors as drivers of the initiative. Leslie Gillin, the company’s chief commercial officer, said an estimated 45 percent of Gen Z and Millennial investors now hold cryptocurrency, making flexibility around digital assets increasingly relevant for future homebuyers.
“Our mission at Newrez is to do everything possible to make home happen,” Gillin said, adding that the offering is intended to give consumers greater control over their investments while accessing financing.
The crypto-based qualification feature will be rolled out across Newrez’s Smart Series product suite, which includes non-agency mortgage offerings tailored to borrowers with complex income or asset profiles. The company said additional details on eligibility and implementation will be provided closer to launch.
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