February 22, 2021
Newrez Appoints Michael Iorio as Joint Venture Senior Division Manager
Fort Washington, PA (February 22, 2021) — Newrez LLC (“Newrez”, the “Company”), a national mortgage lending and servicing organization, announced today that Michael Iorio has joined the Company as Senior Division Manager within the Joint Venture lending division, effective immediately.
“We are thrilled for Michael to be joining our team. His experience developing strategic relationships will be beneficial as we continue to grow our Joint Venture footprint,” said Randy VandenHouten, Senior Vice President of Joint Venture and Retail Lending at Newrez.
As Senior Division Manager, Mr. Iorio will oversee the Joint Venture sales group and work with the leadership team to expand and deepen existing relationships, as well as partnering with the Newrez business development team to add new, significant strategic partnerships. As of December 31, 2020, Newrez had 18 joint ventures with footprints across 30 states. Mr. Iorio will also focus on enhancing and innovating processes and resources to continue delivering a best-in-class platform for the entire Joint Venture channel.
“I have witnessed Newrez lead the industry in Joint Venture originations and am excited to join the team. Newrez has a great value proposition for consumers and joint venture partners, which allows us to better serve homebuyers and deliver a best-in-class mortgage process,” added Mr. Iorio of his new role with Newrez.
Mr. Iorio has a combined 25 years in the financial lending industry. His experience includes senior leadership roles in Retail, Joint Venture, and Wholesale lending. His expertise spans sales, operations, and compliance with CMG Financial, Stearns Lending, Private Mortgage Advisors, and Wells Fargo.
Headquartered in Fort Washington, Pennsylvania, with offices across the United States, Newrez specializes in finding the right loan for every borrower. The lender offers a wide range of mortgage products that help make the dream of homeownership attainable. Visit newrez.com for more information on products and instructions on applying for a loan.
About Newrez LLC
Newrez is a leading nationwide mortgage lender and servicer. As a lender, Newrez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 50 states, Newrez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Direct to Consumer, Joint Venture, Wholesale and Correspondent. The servicing business operates through Newrez Servicing, the performing loan servicing division, Shellpoint Mortgage Servicing, the special servicing division. Newrez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and eStreet Appraisal Management LLC, an appraisal management company. Newrez is member of the New Residential Investment Corp. family. More information is available at www.newrez.com.