July 16, 2018
National mortgage lender New Penn Financial (New Penn) announced today the launch of a new piggyback product that provides flexible financing options for highly qualified borrowers. The piggyback, a HELOC transaction, is now available to New Penn’s Wholesale Lending division and will soon be available in the Direct-to-Consumer and Retail Lending business channels.
July 3, 2018
New Residential Investment Corp. (NYSE:NRZ; together with its subsidiaries, “New Residential” or the “Company”) announced today that it has closed the previously announced acquisition of Shellpoint Partners LLC (“Shellpoint”), a vertically integrated mortgage platform with established origination and servicing capabilities. The acquisition comprises all outstanding equity interests of Shellpoint and all companies within the Shellpoint family, including New Penn Financial, Shellpoint Mortgage Servicing, Avenue 365, and eStreet Appraisal Management Company.
May 17, 2018
National mortgage lender New Penn Financial (New Penn) today announced the expansion of its SMART Loan Series, a line of non-QM, non-agency loan products that provide a smooth lending experience for highly qualified borrowers who fall outside the specific requirements of traditional mortgage loans.
April 9, 2018
National Mortgage lender New Penn Financial (New Penn) today announced its acquisition of the Envoy Correspondent Lending Division. The addition of Envoy Correspondent Lending rounds out the organization’s business channels, which include existing origination channels in Call Center, Joint Venture, Retail, and Wholesale.
February 6, 2018
National mortgage lender New Penn Financial (New Penn) announced the promotion of Kevin Harrigan to the position of President. Harrigan joined New Penn in 2013 and most recently served as the company’s Chief Operating Officer.
November 29, 2017
New Residential Investment Corp. announced today that it has entered into definitive agreements to acquire Shellpoint Partners LLC, a vertically integrated mortgage platform with established origination and servicing capabilities, for approximately $190 million, subject to certain adjustments, plus potential additional consideration pursuant to a three-year earnout based on the performance of Shellpoint after closing.
May 18, 2017
New Penn Financial, a nationally-recognized mortgage lender, announced that Kevin Harrigan has been promoted to the position of Chief Operating Officer. In this capacity, Harrigan will lead the corporate operations teams and the organization’s three business channels.
August 12, 2015
Inc. Magazine Unveils 34th Annual List of
America’s Fastest-Growing Private Companies—the Inc. 5000
July 22, 2015
New Penn Financial to Expand in Milwaukee - National lender hosting Job Fair on July 27 to fill immediate job openings.
September 3, 2014
National mortgage lender New Penn Financial, LLC today announced its acquisition of Shelter Mortgage Company, a full-service mortgage lender headquartered in Milwaukee, WI.
November 6, 2013
For the second time in six months, New Penn Financial has been singled out as a top ranked national mortgage lender.
October 1, 2013
Shellpoint Partners LLC (“Shellpoint”), a leading residential mortgage origination and investment company, announced today that its wholly owned subsidiary, New Penn Financial, LLC (“New Penn”) acquired Resurgent Mortgage Servicing (“RMS”) from Resurgent Capital Services (“RCS”).
September 10, 2013
For the second consecutive year, national lender New Penn Financial, LLC has been named one of the fastest growing private companies in America. Based on 3-year revenue growth, Inc. Magazine has ranked New Penn on its annual list for 2013.
June 11, 2013
The National Mortgage Lender Also Ranks in the Top 10 in Volume Gain.
May 8, 2013
Shellpoint Partners LLC (“Shellpoint” or the “Company”), a New York-based specialty finance company formed in 2010, today announced that the Securities and Exchange Commission (the “SEC”) has declared effective Shellpoint’s shelf registration statement (the “Shelf Registration Statement”). Shellpoint filed the Shelf Registration Statement through its subsidiary depositor, Shellpoint Mortgage Acceptance LLC (“Shelly Mac”), and through Shelly Mac may now issue public residential mortgage-backed securities (“RMBS”) off of its shelf.
March 4, 2013
Nationwide lender New Penn Financial, LLC has lowered pricing and expanded guidelines on its Jumbo Advantage mortgage program, a portfolio product that is available through brokers and mortgage bankers, and is also offered directly to consumers.
February 5, 2013
National mortgage lender New Penn Financial, LLC today announced its sponsorship of the Philly Cycling Classic to be held June 2, 2013.
January 28, 2013
With interest rates hitting record lows, homeowners across the country continue to refinance their mortgages. According to the Mortgage Bankers Association, applications for mortgage refinancing increased 8% between the second and third weeks of January alone.
December 18, 2012
With mortgage rates dropping to historic lows and government initiatives making it easier to restructure housing loans, homeowners and new homebuyers are making moves to save substantial money on their biggest investment. According to New Penn Financial, LLC , a national mortgage lender, this could be a once-in-a-lifetime opportunity.
November 5, 2012
National mortgage lender New Penn Financial, LLC today announced the addition of its Shellpoint Select jumbo mortgage to the company’s product portfolio.
August 24, 2012
Inc. magazine has ranked national mortgage lender New Penn Financial, LLC number 310 on its annual Inc. 500 list of the fastest growing private companies in the U.S.
July 27, 2012
Fast-growing company seeks to hire talented people for hundreds of open positions
March 20, 2012
Leading mortgage lender New Penn Financial, LLC announced it will participate in the newly enhanced Home Affordable Refinance Program (HARP).
September 6, 2011
Channel enables broader distribution of non-agency loans
August 15, 2011
Expanded Investor Loan Program provides greater options for real estate investors.