New Joint Venture
NewRez and Shelter Mortgage Announce Formation of New Joint Venture Lender, Home Sense Lending
July 15, 2020
Mortgage lender’s latest partnership with Berkshire Hathaway HomeServices Verani Realty expands service throughout New England
Fort Washington, PA (July 15, 2020) — NewRez LLC (“NewRez”), a national mortgage lender, announced today the formation of a new joint venture mortgage company to be added to its network of partners. NewRez and Shelter Mortgage Company, L.L.C. (“Shelter Mortgage”), the NewRez business division focused on Joint Venture lending, have partnered in this venture with Berkshire Hathaway HomeServices Verani Realty, which is based in Londonderry, NH and serves areas throughout New England. The new joint venture lender, to be named Home Sense Lending LLC, will be led by Tammy Verani. With this new partnership, NewRez now has 16 JV partners across 12 states in the U.S.
Berkshire Hathaway HomeServices Verani Realty was founded in 1967 by Osvaldo Verani, and continues today under the ownership and management of his children. The company has grown consistently throughout New England and now has a network of over 500 licensed real estate agents. Given its experience with the JV partnership model, Berkshire Hathaway HomeServices Verani Realty recognized an ideal match with lending industry leader Shelter Mortgage. The JV platform allows the Berkshire Hathaway HomeServices Verani Realty to deliver expanded services and offerings to both agents and clients.
“We are excited to add Berkshire Hathaway HomeServices Verani Realty to our growing JV partnership channel. Their longevity and reputation in New England exemplify the way we at NewRez choose to do business by focusing on client services,” said Randy VandenHouten, Senior Vice President Joint Venture & Retail Lending, NewRez. “Tammy Verani’s commitment to the customer experience and her leadership will prove to be great assets, and I am confident of the value we will bring to agents and clients alike.”
“When looking for the right company to partner with for our joint venture, we selected NewRez and Shelter Mortgage based on their deep experience and excellent reputation in the market, as well as their innovative product suite,” said Giovanni Verani, Vice President, Berkshire Hathaway HomeServices Verani Realty. “We look forward to working together and using our platform and partnership to help benefit our agents and home buyers for years to come.”