Lunch & Learn: The State of Housing

As housing supply dwindles, affordability concerns grow while competition heats up the market. This Lunch & Learn will examine the current state of housing, featuring experts who have an eye on the market.

HousingWire Annual Virtual Summit

Join us on October 25 for a chance to see a handpicked selection of sessions from HousingWire Annual along with technology demos from the most innovative tech companies! Register now for FREE to experience HW Annual just like you were there.

How credit scores impact lenders’ pipelines in a purchase market

When a lender works with a borrower to improve their credit score, they are able to offer the most competitive rate and terms. Learn more here!

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

Mortgage

New Penn Financial is now officially NewRez

Lender rebrands to name that borrows from its new parent company

New Penn Financial has rebranded and will be known as NewRez moving forward, the company announced on Monday.

Last month, the mortgage lender announced that it planned to change its name to NewRez to align itself with its new parent company, New Residential Investment Corp.

Back in July, New Residential completed its $190 million acquisition of Shellpoint Partners, which is the parent company of several subsidiaries, including New Penn, Shellpoint Mortgage Servicing, title and settlement services provider Avenue 365, and eStreet, an appraisal management company.

Now, New Penn has taken on the New Residential mantra, of sorts, changing its name to NewRez.

“This rebranding marks the completion of our transition into the New Residential family and the beginning of a bright new chapter for our entire organization,” NewRez President and CEO Kevin Harrigan said.

“The launch of our new name and the unveiling of the NewRez brand is also a perfect opportunity to establish new brand pillars that demonstrate our continued commitment to supporting the dream of home ownership,” Harrigan added.

NewRez is licensed to lend in 49 states and operates multiple lending channels, including wholesale, correspondent lending, direct-to-consumer, retail, and a network of joint venture partners.

Most Popular Articles

Goldman Sachs: Home prices will rise another 16% in ’22

Home prices may not have reached their peak yet. Not even close. Goldman Sachs economists predict that they’ll rise another 16% by the end of 2022.

Oct 13, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please