NewRez and Shelter Mortgage Announce Formation of New Joint Venture Lender, Legacy Home Mortgage
December 23 2019 - 6:30AM
Business Wire
Mortgage lender’s latest
partnership expands offering through Atlanta Fine Homes Sotheby’s
International Realty
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 JV lending, have partnered in this venture with Atlanta
Fine Homes Sotheby’s International Realty, the exclusive Sotheby’s
International Realty® affiliate in Metro Atlanta with a
servant-first commitment to providing a differentiated experience
for buyers and sellers throughout Metro Atlanta and beyond. The new
joint venture lender, to be named Legacy Home Mortgage, will be led
by mortgage lending industry veteran Glenda Snyder.
Atlanta Fine Homes Sotheby’s International Realty has a rich
history and long-standing commitment to the three tenets of
passion, experience and reputation. Through a partnership with
lending industry leader Shelter Mortgage, the company is able to
expand its services and impact with direct access to a broad
product menu, including portfolio and Non-QM resources, bringing
benefits to both agents and clients.
“Atlanta Fine Homes Sotheby’s International Realty is a premier
brokerage in the marketplace with highly productive agents and
consistently satisfied clients,” said Randy VandenHouten,
Senior Vice President Joint Venture & Retail Lending, NewRez.
“As we continue to add to our roster of JV partners, we are pleased
to join together with an organization with such strong leadership
and a tradition of philanthropy and commitment to community.
Glenda’s focus on superior service will be a perfect match for the
agents and clients at Atlanta Fine Homes Sotheby’s International
Realty.”
“NewRez and Shelter offer high quality service along with a
broad product offering that our agents and homebuyers want and
expect,” said David Boehmig, President, Chief Executive Officer and
Founder of Atlanta Fine Homes Sotheby’s International Realty. “In
seeking a partner, we recognized their market strength and
reputation as the right fit for us and look forward to being a part
of this successful JV operations model.”
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 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 Atlanta Fine Homes Sotheby’s International
Realty
Atlanta Fine Homes Sotheby’s International Realty was founded in
2007 as the exclusive Sotheby’s International Realty® affiliate in
Metro Atlanta with offices in Buckhead, Cobb, Intown and North
Atlanta. The company builds upon the 275-year foundation and
heritage of Sotheby’s, the esteemed auction house, and utilizes a
combination of unique and exclusive marketing efforts to provide
targeted exposure to a coveted and influential audience. Atlanta
Fine Homes Sotheby’s International Realty’s 460+ agents serve the
greater metro area and beyond. The Sotheby’s International Realty®
network currently has approximately 23,000 affiliated independent
sales associates located in over 1,000 offices in 72 countries and
territories worldwide. Last year, the brand achieved a record
global sales volume of $112 billion, with Atlanta Fine Homes
Sotheby’s International Realty contributing $2.6 billion to the
total.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191223005078/en/
Karen Murray kmurray@powersbc.com (o) 610-644-1022 (m)
215-850-4645
New Residential Investment (NYSE:NRZ)
Historical Stock Chart
From Apr 2024 to May 2024
New Residential Investment (NYSE:NRZ)
Historical Stock Chart
From May 2023 to May 2024