NewRez and Shelter Mortgage Announce Launch of New Joint Venture Lender, Landed Home Loans
March 12 2020 - 8:00AM
Business Wire
Mortgage lender’s latest
partnership with Landed, Inc. offers assistance to teachers,
professors and school staff looking to purchase homes in the
communities they serve
NewRez LLC (“NewRez”), a national mortgage lender, announced
today the formal launch of a joint venture mortgage company
recently added to 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
Landed, Inc. (“Landed”), a San Francisco-based company offering
down payment support and homebuyer education programs geared
towards helping teachers and school employees afford to buy homes.
Based in Denver, Colorado, the new joint venture lender, Landed
Home Loans LLC (“Landed Home Loans”), is now fully operational
under the leadership of President Brett Shafer.
In addition to its shared equity down payment program, Landed
also helps school employees navigate and access all of the
available options for buying a home, and offers education in
finance and the homebuying process. Through this partnership
between Landed and Shelter Mortgage/NewRez, Landed Home Loans now
offers service enhancements such as a centralized platform with a
customized origination and operations system, designed specifically
for its customers.
“As we seek out companies to join our growing network of joint
venture partners, we were particularly impressed by Landed and how
they incorporate a focus on community into their mission as a
business,” says Randy Vanden Houten, SVP, Joint Venture
& Retail Lending, NewRez. “We are thrilled to collaborate with
Landed and help them expand their ability to provide more
comprehensive support to local heroes at all stages of the
homebuying process.”
“We are excited about taking the next step in this partnership
with NewRez, backed by Shelter Mortgage’s 30 years of industry
experience to further help essential professionals build financial
security through homeownership,” says Jesse Vaughan, Co-Founder,
Landed. “With this launch, we are now able to provide additional
customized and accessible solutions designed to make the dream of
homeownership a reality for these critical members of our community
who uphold us every day.”
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) is a leading nationwide 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 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. The servicing business operates
through NewRez’s servicing division, which consists of its
performing loans servicing division, NewRez Servicing, and its
special servicing division, Shellpoint Mortgage Servicing (“SMS”).
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.
About Shelter Mortgage Company, L.L.C.
Shelter Mortgage Company, L.L.C. (Shelter) is a leading retail
residential mortgage originator predominantly focused on purchase
money loans generated through relationships with realtors,
builders, and relocation companies. Founded in 1984 as a subsidiary
of a community bank, Shelter joined the NewRez family of companies
in 2014. The company 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.
About Landed, Inc.
Landed, Inc. is a San Francisco-based company helping essential
professionals build financial security near the communities they
serve. Landed partners with schools, districts, and community
organizations to provide down payment support and homebuyer
education to educators and staff.
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Karen Murray kmurray@powersbc.com (o) 610-644-1022 (m)
215-850-4645
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