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New Penn Financial Debuts New Piggyback Product

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.

New Residential Completes Previously Announced Acquisition of Shellpoint Partners

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.

New Penn Financial Expands SMART Loan Series to its Retail Lending Network

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.

New Penn Financial Acquires Envoy’s Correspondent Lending Division

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.

New Penn Financial Promotes Kevin Harrigan to President

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.

New Residential Announces Agreements to Acquire Shellpoint Partners

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.

New Penn Financial Promotes Kevin Harrigan to Chief Operating Officer

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.

New Penn Financial Appears for the 4th Consecutive Year on the Inc. 500/5000 List

August 12, 2015
Inc. Magazine Unveils 34th Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000

New Penn Financial to Expand in Milwaukee

July 22, 2015
New Penn Financial to Expand in Milwaukee - National lender hosting Job Fair on July 27 to fill immediate job openings.

New Penn Financial Acquires Shelter Mortgage

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.

New Penn Financial Recognized as Top Ten Customer-Rated Lender

November 6, 2013
For the second time in six months, New Penn Financial has been singled out as a top ranked national mortgage lender.

Shellpoint Partners Announces Resurgent Mortgage Servicing Acquisition

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”).

New Penn Financial Ranks Among Fastest-Growing Companies In Country

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.

New Penn Financial Ranks in the Top 20 Among Mortgage Lenders Nationally

June 11, 2013
The National Mortgage Lender Also Ranks in the Top 10 in Volume Gain.

The Securities and Exchange Commission Has Declared Effective Shellpoint's Shelf Registration Statement

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.

New Penn Financial Announces Enhanced Jumbo Mortgage

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.

New Penn Financial Sponsors Philadelphia Bike Race

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.

Tips To Determine Whether to Refinance Your Home Mortgage

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.

Mortgage Rates Approach All-Time Lows

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.

New Loan From New Penn Financial Ups The Ante In The Jumbo Mortgage Market

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.

New Penn Financial Earns 310 Ranking On The Inc. 500

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.

New Penn Financial Launches Career Website

July 27, 2012
Fast-growing company seeks to hire talented people for hundreds of open positions

New Penn Financial to Participate in the New HARP Program

March 20, 2012
Leading mortgage lender New Penn Financial, LLC announced it will participate in the newly enhanced Home Affordable Refinance Program (HARP).

New Penn Financial Establishes New Correspondent Channel

September 6, 2011
Channel enables broader distribution of non-agency loans

New Penn Financial Announces Expanded Guidelines For Portfolio Investor Product

August 15, 2011
Expanded Investor Loan Program provides greater options for real estate investors.
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