NewRez Joint Venture Partnership Program Launches Preferred Lending Services

July 15, 2019

Preferred Lending Services Launched

Team of successful Loan Officers brings unparalleled mortgage services to Greater Tampa.

Plymouth Meeting, PA (July 15, 2019) —  NewRez LLC (“NewRez”), a national mortgage lender, announced today the launch of Preferred Lending Services, LLC (“Preferred Lending Services”), a new Joint Venture mortgage company operating in the Greater Tampa, Florida region. Led by industry veteran Bob Klorer, Preferred Lending Services is the 13th Joint Venture to be established in the NewRez partnership network.

NewRez operates multiple subsidiaries across the United States, including Shelter Mortgage Company, LLC (“Shelter Mortgage Company”), which serves as its joint venture arm. Shelter Mortgage Company has been in the JV business for more than 30 years, creating successful and profitable Joint Ventures.

“We are thrilled to formally expand our lending footprint throughout the state of Florida with the launch of Preferred Lending Services,” says Randy VandenHoutenSVP, Joint Venture & Retail Lending, NewRez. “Under Bob’s leadership, and backed by the strength and expertise of NewRez and Shelter Mortgage, Preferred Lending Services will prove to be a great asset to the Greater Tampa community.”

Mr. Klorer has developed a wide range of knowledge and insight throughout his more than 25 years in the mortgage industry. Since joining NewRez as Area Manager in late 2018, he has grown a team of successful Loan Officers who have quickly built a strong business and reputation. Preferred Lending Services offers a variety of loan programs to meet the needs of today’s homeowners.

“NewRez has an excellent track record of bringing the very highest level of service and loan options to the customer,” said D. Dewey Mitchell, Broker/Owner Berkshire Hathaway HomeServices – Florida Properties Group. “We are excited to partner with the Preferred Lending Services team and offer mortgage lending products to our customers.”
For more information on the Shelter Mortgage Joint Venture platform, please contact Randy.VandenHouten@sheltermortgage.com. To learn more about Preferred Lending Services, visit flpls.com.


About NewRez LLC

NewRez LLC (NewRez), formerly New Penn Financial, LLC, is a leading nationwide lender that 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 49 states, NewRez is headquartered in Plymouth Meeting, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of Joint Venture partners. NewRez is a Shellpoint Partners company and a member of the New Residential Investment Corp. family. More information is available at www.newrez.com.

About Shelter Mortgage Company

Shelter Mortgage Company, LLC (Shelter) is a leading retail residential mortgage originator predominantly focused on conforming purchase money loans generated through relationships with realtors, builders, and relocation companies. Founded in 1984 as a subsidiary of a community bank, Shelter has loan officers across the country with over 25 joint venture and partner relationships in over 30 States. Shelter has built a strong platform via its differentiated, partnership-based origination model, focus on purchase money originations and compliance-oriented culture.

Contacts

Karen Murray 
kmurray@powersbc.com 
(o) 610-644-1022 
(m) 215-850-4645