Innovative System-to-System Workflow Simplifies the Process of Doing Business with LendersREAD MORE
NewRez Press Releases
Some of the latest headlines on NewRez’s products and services, leaders, company growth, and more.
Launch of New Brand Represents Renewed Commitment to Customer Service and Industry Leading InnovationREAD MORE
New Brand Reflects Expanded Capabilities, Products, and Flexibility Following 2018 Acquisition by New Residential Investment Corp.READ MORE
National mortgage lender New Penn Financial (New Penn) announced this week the launch of SmartCondo, a new product that provides expanded financing options for condominium properties that do not meet agency guidelines. SmartCondo is the latest addition to New Penn’s proprietary SMART Series, a line of non-agency loan products that provide a variety of options for highly qualified borrowers.READ MORE
National mortgage lender New Penn Financial (New Penn) announced today the launch of a new piggyback product that provides flexible financing options for highly qualified borrowers. The piggyback, a HELOC transaction, is now available to New Penn’s Wholesale Lending division and will soon be available in the Direct-to-Consumer and Retail Lending business channels.READ MORE
New Residential Investment Corp. (NYSE:NRZ; together with its subsidiaries, “New Residential” or the “Company”) announced today that it has closed the previously announced acquisition of Shellpoint Partners LLC (“Shellpoint”), a vertically integrated mortgage platform with established origination and servicing capabilities. The acquisition comprises all outstanding equity interests of Shellpoint and all companies within the Shellpoint family, including New Penn Financial, Shellpoint Mortgage Servicing, Avenue 365, and eStreet Appraisal Management Company.READ MORE