New Penn Financial Earns 310 Ranking On The Inc. 500

August 24, 2012

August 2012 - Inc. magazine has ranked national mortgage lender New Penn Financial, LLC number 310 on its annual Inc. 500 list of the fastest growing private companies in the U.S. New Penn offers its customers some of the lowest rates available, responsive customer service and a broad range of mortgage products that meet the needs of more borrowers.

New Penn earned its Inc. 500 ranking based on a significant growth rate over three years.

To be considered for the list, companies must be U.S. based, privately held and independent (not company subsidiaries or divisions).

Established in 2008, New Penn has prospered during very challenging times for home sales and mortgage lending. Guided by mortgage-veteran leadership, the company's customer-centric products and service, delivered through multiple business channels, enabled the strong growth.

"Rather than a one-size-fits-all approach, we've focused on putting customers in mortgages that best fit their situation, " said Rob O'Han, Senior VP of Sales. "Growth is natural when you put customers first."

Inc. editor-in-chief, Eric Schurenberg, noted that companies on the 2012 list "had to thrive through three of the toughest years this economy has seen in living memory."

Jerry Schiano, New Penn's President and CEO, said, "It is an honor to be listed among organizations like Publix Supermarkets, CDW, Levi Strauss, and Facebook. Our tremendous growth, fueled by the benefits that we have provided consumers since day one, demonstrates our ability to understand and satisfy consumer mortgage needs."

About New Penn Financial: New Penn Financial has become a leading nationwide lender by bringing expertise, extremely competitive rates on a broad portfolio of mortgage products, and exceptional customer service under one roof. Founded in 2008, and licensed in 42 states, the company and its reputation have grown rapidly under the guidance of a management team with years of experience in the mortgage industry. New Penn is headquartered in Plymouth Meeting, Pennsylvania and operates 30 branch offices nationwide. New Penn is a Shellpoint Partners company. Shellpoint is a well-capitalized specialty finance company led by a veteran management team.