New Penn Financial Promotes Kevin Harrigan to Chief Operating Officer

May 18, 2017

New Penn Financial, a nationally-recognized mortgage lender, announced that Kevin Harrigan has been promoted to the position of Chief Operating Officer. In this capacity, Harrigan will lead the corporate operations teams and the organization’s three business channels.

“New Penn has grown from a start-up lender in 2008 to a significant presence in today’s mortgage marketplace,” said Jerry Schiano, founder, President & CEO of New Penn. “The creation of the COO role is an important step toward building a fully integrated model for sales strategy and operational support.” Schiano explained, “Kevin understands our culture and our goals as an organization. He brings significant business and leadership experience that will enable us to continue evolving.”

Harrigan joined New Penn in 2013, serving most recently as Chief Risk and Administrative Officer. He has over 30 years of senior management experience in financial services and mortgage banking, including positions with CIT Group, Bank of America, and KeyCorp. In addition to studies at the Weatherhead School of Management at Case Western Reserve University, he earned his B.S. in Finance/Economics from Rutgers University, and an MBA from Seton Hall University.

“This is an exciting time to be part of New Penn,” said Harrigan. “We have a great team in place and I look forward to leading New Penn through this next stage of operational maturity and sustained growth.”

New Penn offers residential mortgage loans through three business divisions – Direct-to-Consumer (Call Center), Retail (Distributed and Joint Venture), and Third Party Origination (TPO). The organization has over 2,000 employees and operates 160 offices across the country.

For more information on New Penn Financial or media inquiries, contact: Jennifer Smith at