Newrez Subsidiaries and Partnerships Bring Change to Home Lending

Newrez subsidiaries have been making waves in the home lending industry, bringing about significant changes to the way loans are processed and managed. Newrez acquired Mortgage Grader, a leading mortgage compliance and risk management platform, to enhance its underwriting capabilities.

This strategic move has enabled Newrez to streamline its loan processing and reduce the risk of errors and omissions. With Mortgage Grader's advanced technology, Newrez can now analyze vast amounts of data to make more informed lending decisions.

Newrez has also partnered with several fintech companies to expand its offerings and improve the borrower experience. One notable partnership is with Roost, a digital mortgage platform that allows borrowers to submit loan applications and track their progress online.

Discover more: Mortgage Sold to Newrez

Newrez has several subsidiaries that offer a range of mortgage-related services. These subsidiaries include Shellpoint Partners LLC, Shelter Mortgage Company, LLC, and Newrez LLC.

Shellpoint Partners LLC specializes in mortgage origination and servicing, offering conventional, FHA, VA, and USDA loans. Shelter Mortgage Company, LLC, on the other hand, provides mortgage services to real estate professionals.

Newrez LLC operates under the brand name of Newrez Mortgage LLC and provides mortgage loans to consumers.

Expand your knowledge: Newrez Mortgage Covid

Newrez launched Preferred Lending Services, a new Joint Venture mortgage company operating in the Greater Tampa, Florida region.

The company is led by industry veteran Bob Klorer, who has developed a wide range of knowledge and insight throughout his more than 25 years in the mortgage industry.

Preferred Lending Services offers a variety of loan programs to meet the needs of today's homeowners.

Newrez operates multiple subsidiaries across the United States, including 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.

The launch of Preferred Lending Services marks a significant expansion of Newrez's lending footprint throughout the state of Florida.

The company's strong business and reputation have been built by a team of successful Loan Officers, who have quickly grown a strong business since joining Newrez as Area Manager in late 2018.

Newrez has an excellent track record of bringing the very highest level of service and loan options to the customer, according to D. Dewey Mitchell, Broker/Owner Berkshire Hathaway HomeServices – Florida Properties Group.

For your interest: U S Bancorp Subsidiaries

Marking an exciting new chapter for homebuyers in the southeast, Newrez has launched Onward Home Mortgage, a joint venture mortgage company with Keller Williams Georgia Legacy Group.

Onward Home Mortgage is headquartered in Roswell, Georgia and specializes in residential purchase mortgage lending, with a team boasting a combined 125 years of experience in the mortgage business.

President Kathy Vitali has built strong relationships and an integrity-driven brand in the greater Georgia and Alabama areas for over 30 years.

Onward Home Mortgage's vast product suite tailors uniquely to the needs of today's borrowers, from FHA to First Time Homebuyer programs.

Newrez and Newrez Ventures' commitment to bringing affordable housing to borrowers nationwide continues with Onward Home Mortgage.

Randy Vanden Houten, Senior Vice President Joint Venture & Retail Lending at Newrez, looks forward to working with such a strong and experienced partner.

Georgia Legacy Group, a leading Keller Williams Realty franchise group, has expanded into the Savannah market, welcoming Keller Williams Realty Coastal Area Partners in 2023.

With over 2,000 licensed agents in the state of Georgia, GLG is focused on attracting, welcoming, and developing real estate leaders with world-class value through industry-leading technology and training.

Consider reading: Caliber Home Loans and Newrez

Newrez is a subsidiary of Shellpoint Partners LLC, a mortgage origination and servicing company. Newrez Mortgage LLC became a wholly-owned subsidiary of Shellpoint Partners LLC after the 2018 merger.

Shellpoint Partners LLC is a mortgage origination and servicing company that offers a range of mortgage products, including conventional, FHA, VA, and USDA loans. This includes a variety of loan options for homebuyers.

Newrez Mortgage LLC is a licensed mortgage lender in multiple states across the US, with a list of states where it is licensed available online.

A different take: Non-bank Subsidiary