FORT WASHINGTON, PA – (COMMERCIAL THREAD) –NewRez LLC (“NewRez”), a national mortgage lender, today announced the formation of a new joint venture mortgage company to join its network of partners. NewRez and Shelter Mortgage Company, LLC (“Shelter Mortgage”), NewRez’s business division focused on joint venture loans, have partnered on this venture with Berkshire Hathaway HomeServices Verani Realty, which is based in Londonderry, NH and serves areas of 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 in 12 US states
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 steadily throughout New England and now has a network of over 500 licensed real estate agents. Based on its experience with the JV partnership model, Berkshire Hathaway HomeServices Verani Realty has recognized an ideal match with industry leader Shelter Mortgage. The JV platform enables Berkshire Hathaway HomeServices Verani Realty to provide expanded services and offerings to agents and clients.
“We are delighted to add Berkshire Hathaway HomeServices Verani Realty to our growing JV partnership channel. Their longevity and reputation in New England exemplifies how we at NewRez choose to do business with a focus on customer service, ”said Randy VandenHouten., Senior Vice President, Joint Venture and Retail Loans, NewRez. “Tammy Verani’s commitment to customer experience and her leadership will prove to be great assets, and I have no doubts in the value we will bring to agents and customers.
“When looking for the right company to partner with for our joint venture, we selected NewRez and Shelter Mortgage based on their extensive experience and excellent reputation in the market, as well as their innovative product line,” said Giovanni Verani, vice president of Berkshire. Hathaway HomeServices Verani Realty. “We look forward to working together and using our platform and our partnership to help our agents and home buyers for years to come.”
For more information on the Shelter Mortgage Joint Venture Platform, please contact [email protected] or visit newrez.com.
About NewRez LLC
NewRez LLC (NewRez) is a nationwide leading mortgage lender and service provider. As a lender, NewRez is focused on offering a cutting edge product line, backed by a lending process that combines both human interaction and the benefits of technology in an unmatched customer experience. Founded in 2008 and licensed to lend in 49 states, NewRez is headquartered in Fort Washington, PA and operates multiple lending channels, including correspondent lending, wholesale, direct-to-consumer, retail and a network of joint venture partners. The service business is operated through NewRez’s service division, which consists of its high-performance loan service division, NewRez Servicing, and its special service division, Shellpoint Mortgage Servicing. NewRez also has several affiliates that provide various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a securities agency, and E Street Appraisal Management LLC, a valuation management company. NewRez is a member of the New Residential Investment Corp family. More information is available at www.newrez.com.
About Shelter Mortgage Company, LLC
Shelter Mortgage Company, LLC (Shelter) is a leading originator of retail residential mortgages, primarily focused on the compliance of 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 nationwide with joint venture and partnership relationships in more than 30 states. Shelter has built a strong platform through its differentiated, partnership-based origination model, focusing on purchase money origination and a culture of compliance.
About Berkshire Hathaway HomeServices Verani
Berkshire Hathaway HomeServices Verani Realty has served the real estate needs of communities in New Hampshire and Northern Massachusetts since 1967. In recent years, the company has grown to have several real estate offices in Southern and Central New Hampshire and northern Massachusetts – with over 600 licensed real estate agents available to serve the real estate needs of clients in New Hampshire, Massachusetts, Maine and Vermont. With a focus on customer service, commitment to training, affiliation with the Berkshire Hathaway HomeServices real estate network and use of the latest technological resources, the company is able to provide a memorable experience for both sellers and buyers. .