NewRez and Shelter Mortgage Announce Formation of New Joint Venture Lender, Home Sense Lending
July 15 2020 - 10:00AM
Business Wire
Mortgage lender’s latest
partnership with Berkshire Hathaway HomeServices Verani Realty
expands service throughout New England
NewRez LLC (“NewRez”), a national mortgage lender, announced
today the formation of a new joint venture mortgage company to be
added to its network of partners. NewRez and Shelter Mortgage
Company, L.L.C. (“Shelter Mortgage”), the NewRez business division
focused on Joint Venture lending, have partnered in this venture
with Berkshire Hathaway HomeServices Verani Realty, which is based
in Londonderry, NH and serves areas throughout New England. The new
joint venture lender, to be named Home Sense Lending LLC, will be
led by Tammy Verani. With this new partnership, NewRez now has 16
JV partners across 12 states in the U.S.
Berkshire Hathaway HomeServices Verani Realty was founded in
1967 by Osvaldo Verani, and continues today under the ownership and
management of his children. The company has grown consistently
throughout New England and now has a network of over 500 licensed
real estate agents. Given its experience with the JV partnership
model, Berkshire Hathaway HomeServices Verani Realty recognized an
ideal match with lending industry leader Shelter Mortgage. The JV
platform allows the Berkshire Hathaway HomeServices Verani Realty
to deliver expanded services and offerings to both agents and
clients.
“We are excited to add Berkshire Hathaway HomeServices Verani
Realty to our growing JV partnership channel. Their longevity and
reputation in New England exemplify the way we at NewRez choose to
do business by focusing on client services,” said Randy
VandenHouten, Senior Vice President Joint Venture &
Retail Lending, NewRez. “Tammy Verani’s commitment to the customer
experience and her leadership will prove to be great assets, and I
am confident of the value we will bring to agents and clients
alike.”
“When looking for the right company to partner with for our
joint venture, we selected NewRez and Shelter Mortgage based on
their deep experience and excellent reputation in the market, as
well as their innovative product suite,” said Giovanni Verani, Vice
President, Berkshire Hathaway HomeServices Verani Realty. “We look
forward to working together and using our platform and partnership
to help benefit our agents and home buyers for years to come.”
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 mortgage 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 loan servicing division, NewRez Servicing, and its
special servicing division, Shellpoint Mortgage Servicing. 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 E Street 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 conforming
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 Berkshire Hathaway HomeServices Verani
Berkshire Hathaway HomeServices Verani Realty has been serving
the real estate needs in the communities of New Hampshire and
northern Massachusetts since 1967. In the last few years, the
company has grown to have multiple real estate offices across
southern and central New Hampshire and northern Massachusetts —with
over 600 licensed real estate agents available to meet the real
estate needs of clients in New Hampshire, Massachusetts, Maine, and
Vermont. Through an emphasis on customer service, commitment to
training, affiliation with the Berkshire Hathaway HomeServices real
estate network, and utilization of the latest technological
resources, the company is able to provide a memorable experience
for both sellers and buyers.
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version on businesswire.com: https://www.businesswire.com/news/home/20200715005569/en/
Lauren Darkes Lauren.Darkes@NewRez.com (o) 267-705-4692
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