NewRez and Shelter Mortgage Announce Launch of New Joint Venture Lender, Your Home Financial
December 19 2019 - 7:30AM
Business Wire
Mortgage lender’s
strategic partnership with Russell Real Estate Services now fully
operational, bringing comprehensive client services to Cleveland,
Ohio
NewRez LLC (“NewRez”), a national mortgage lender, announced
today the official launch of one of the latest Joint Venture
mortgage companies to join its network of partners. NewRez and
Shelter Mortgage Company, L.L.C. (“Shelter Mortgage”), the NewRez
business division focused on JV lending, have partnered in this
venture with Russell Real Estate Services, a long-standing
family-run business serving the greater Cleveland, OH area. The new
Joint Venture lender, Your Home Financial (“Your Home Financial”),
is now fully operational under its independent name with a team of
seven loan officers led by President Paul McKelvey.
Your Home Financial is built on the foundation of two companies
well established in the industry, coming together to offer buyers a
wide array of options and services through a single source. Russell
Real Estate Services was founded in 1962 and has grown to over 650
agents on its team today. Shelter Mortgage Company brings more than
30 years of experience in creating profitable Joint Ventures like
Your Home Financial and positioning them for success.
“For close to 60 years, Russell Real Estate services has proven
itself to be a highly respected company that continues to evolve to
meet the needs of its growing client base in the Cleveland market,”
said Randy VandenHouten, Senior Vice President, Joint
Venture & Retail Lending, NewRez. “Since we started working
with Paul and his team, we have been greatly impressed by their
expertise and focus on client service, and we are confident this
will prove to be a very successful partnership.”
“After months of diligent preparation, we are very excited for
the official launch of Your Home Financial, which will bring our
clients a more complete range of mortgage services through the
trusted JV model offered by NewRez and Shelter Mortgage,” said Jeff
Russell, Chief Operating Officer Broker/Owner.
For more information on the Shelter Mortgage Joint Venture
platform, please contact Randy.VandenHouten@sheltermortgage.com or
go to newrez.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 Fort Washington,
Pennsylvania and operates multiple lending channels, including
Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a
network of joint venture partners. NewRez is member of the New
Residential Investment Corp. family. More information is available
at www.newrez.com.
About Shelter Mortgage Company, L.L.C.
Shelter Mortgage Company, L.L.C. (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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191219005111/en/
Karen Murray kmurray@powersbc.com (o) 610-644-1022 (m)
215-850-4645
New Residential Investment (NYSE:NRZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
New Residential Investment (NYSE:NRZ)
Historical Stock Chart
From Apr 2023 to Apr 2024