March 12, 2020
Mortgage lender’s latest partnership with Landed, Inc. offers assistance to teachers, professors and school staff looking to purchase homes in the communities they serve
Fort Washington, PA (March 12, 2020) — Newrez LLC (“Newrez”), a national mortgage lender, announced today the formal launch of a joint venture mortgage company recently added to its network of partners. Newrez and Shelter Mortgage Company, L.L.C. (“Shelter Mortgage”), the Newrez business division focused on JV lending, have partnered in this venture with Landed, Inc. (“Landed”), a San Francisco-based company offering down payment support and homebuyer education programs geared towards helping teachers and school employees afford to buy homes. Based in Denver, Colorado, the new joint venture lender, Landed Home Loans LLC (“Landed Home Loans”), is now fully operational under the leadership of President Brett Shafer.
In addition to its shared equity down payment program, Landed also helps school employees navigate and access all of the available options for buying a home, and offers education in finance and the homebuying process. Through this partnership between Landed and Shelter Mortgage/Newrez, Landed Home Loans now offers service enhancements such as a centralized platform with a customized origination and operations system, designed specifically for its customers.
“As we seek out companies to join our growing network of joint venture partners, we were particularly impressed by Landed and how they incorporate a focus on community into their mission as a business,” says Randy Vanden Houten, SVP, Joint Venture & Retail Lending, Newrez. “We are thrilled to collaborate with Landed and help them expand their ability to provide more comprehensive support to local heroes at all stages of the homebuying process.”
“We are excited about taking the next step in this partnership with Newrez, backed by Shelter Mortgage’s 30 years of industry experience to further help essential professionals build financial security through homeownership,” says Jesse Vaughan, Co-Founder, Landed. “With this launch, we are now able to provide additional customized and accessible solutions designed to make the dream of homeownership a reality for these critical members of our community who uphold us every day.”
For more information on the Shelter Mortgage joint venture platform, please contact Randy.VandenHouten@sheltermortgage.com or go to newrez.com.