Key Takeaway
Revenos Mortgage is a mortgage joint venture between eXp Realty and Newrez, announced October 8, 2026. It is not operating yet, and launch is planned for early 2027. Newrez loan officers will handle the loans. Buyers are not required to use Revenos Mortgage, and agents do not receive referral fees for sending clients to it.
TL;DR About Revenos Mortgage
- Revenos Mortgage is an eXp-Newrez joint venture.
- It was announced on October 8, 2026.
- Launch is planned for early 2027.
- Newrez loan officers will originate the loans.
- Buyers can choose any mortgage lender.
- Agents receive no referral fees from it.
- Pricing and states are not announced.
Revenos Mortgage is a planned mortgage company formed as a joint venture between eXp Realty and Newrez, a national lender. It is described as “powered by Newrez.”
A common misunderstanding is that Revenos Mortgage is already taking applications. It was announced in October 2026 and is not yet operating.
It follows SUCCESS Lending, an earlier eXp mortgage venture with a different lender that is now winding down.
This article explains how Revenos Mortgage fits into the broader eXp Realty Solutions ecosystem available to eXp agents.
It explains what Revenos Mortgage is, who Newrez is, how the venture is meant to work, when it launches, and whether buyers must use it:
Table of Contents
What Is Revenos Mortgage?
Revenos Mortgage is a mortgage joint venture between eXp Realty and Newrez LLC. A joint venture is a business that two companies own together. eXp announced Revenos Mortgage on October 8, 2026, at eXpcon in Salt Lake City, as one of several new programs within the eXp Realty brokerage.
The venture is meant for buyers and sellers working with eXp agents who need a home loan. Newrez provides the loan products, the loan officers, and the loan servicing after closing. eXp branding is planned on Newrez servicing statements for these loans.
Revenos Mortgage does not change eXp commission plans, caps, or agent fees. It does not limit which lender a client may choose. The ownership split between eXp and Newrez has not been disclosed.
Who Is Newrez?
Newrez LLC is a mortgage lender and loan servicer based in Fort Washington, Pennsylvania. It was formed in 2018 and is a wholly owned subsidiary of Rithm Capital, a publicly traded real estate investment company. Newrez is one of the largest mortgage lenders in the United States and services loans for more than 4 million homeowners.
Newrez makes purchase and refinance loans and then collects payments on many of those loans after closing. Its nationwide license number in the Nationwide Multistate Licensing System is NMLS #3013. Newrez lists its state licenses on its official licensing page.
Newrez runs joint ventures with other real estate companies, so Revenos Mortgage is not its only partnership. eXp does not own Newrez, and Newrez does not own eXp. Each company keeps its own operations outside the joint venture.
How Is Revenos Mortgage Meant to Work for Agents?
eXp agents will be able to connect clients with a dedicated team of Newrez loan officers working under the Revenos Mortgage name. Agents will also get access to loan product information and tools. Newrez has told agents they are not being asked to become loan officers.
Revenos Mortgage follows eXp’s earlier mortgage venture with Kind Lending, described in this overview of Success Lending at eXp. That venture is winding down.
The program is not live, so agents cannot send loans to Revenos Mortgage today. eXp and Newrez are connecting their technology systems before launch. Detailed agent steps, such as how a client is introduced to a loan officer, have not been published. Agents remain licensed real estate professionals, and loan advice stays with licensed loan officers.
When Will Revenos Mortgage Launch?
eXp and Newrez have said Revenos Mortgage will launch in early 2027. HousingWire reported a January 2027 target. No exact public launch date has been confirmed.
A new mortgage company must meet state and federal licensing rules before it makes loans. Licensing for mortgage lenders is tracked through the Nationwide Multistate Licensing System, and each state sets its own approval requirements. State-by-state availability at launch has not been announced.
Until launch, nothing changes for eXp agents or their clients. Buyers continue to use whatever lender they choose. Existing lender relationships, pre-approvals, and transactions in progress are not affected by the announcement. Agents should treat any launch date as a target until eXp or Newrez confirms that the company is accepting applications.
Do Buyers Have to Use Revenos Mortgage?
Buyers do not have to use Revenos Mortgage. eXp has said buyers can use any lender, and Newrez has said agents are never required to use the venture.
Federal rules set this formally. Under the CFPB rule on affiliated business arrangements, a buyer must receive a written disclosure of the business relationship no later than the referral, cannot be required to use the affiliated lender, and the owners may receive only a return on their ownership. Newrez has said borrowers will receive this written notice before any referral.
These federal rules are fixed and apply to every affiliated lender. The program’s products, pricing, and processes may change before and after launch.
What eXp and Newrez Have Not Announced Yet
Some agents read the announcement as a finished program. Many details are still open.
eXp and Newrez have not released the ownership split, loan pricing, the list of states served at launch, or an exact launch date. No down payment assistance program specific to Revenos Mortgage has been announced. The companies have also not explained how the new mortgage brand relates to Revenos, the buyer and seller referral division eXp launched in 2022.
For example, a buyer who asks in November 2026 to apply with Revenos Mortgage cannot do so yet. The agent can explain that the program is announced but not operating.
What Agents Also Ask
What is an affiliated business arrangement in real estate?
An affiliated business arrangement exists when a company that refers settlement business, such as a brokerage, also owns part of a settlement service provider, such as a mortgage lender or title company. Federal law allows these arrangements when they follow disclosure, choice, and ownership-return rules.
How do agents help buyers compare mortgage lenders?
Agents can encourage buyers to request a Loan Estimate from more than one lender within the same short period. The Loan Estimate is a standard three-page form. Buyers can compare interest rates, lender fees, and cash to close across offers before choosing a lender.
Do other brokerages own mortgage companies?
Some large brokerages and brokerage parent companies own all or part of mortgage companies, often through joint ventures with established lenders. Newrez itself operates joint ventures with other real estate companies. Each arrangement must follow the same federal disclosure and buyer-choice rules.
Why This Matters
Revenos Mortgage adds a brokerage-affiliated lender to eXp’s platform, which makes lending partnerships one more factor in an agent’s brokerage choice. At eXp Realty, all agents receive the same core brokerage platform, including compliance, compensation, and access to company divisions. What differs is the sponsor ecosystem an agent aligns with.
The sponsor an agent selects shapes which tools, training, and attraction systems they have access to, including updates on Revenos Mortgage details as eXp and Newrez release them. Agents weighing that choice should judge Revenos Mortgage on its published terms alongside the Smart Agent Alliance team value a sponsor brings.
