March 1, 2016
National mortgage lender New Penn Financial announced the appointment of Amy Brandt Schumacher to its senior management team. Brandt Schumacher will be responsible for overseeing all three business distribution channels (Call Center/Direct, Distributed & JV Retail, and Third Party Originations) and its Information Technology group.
September 25, 2015
National mortgage lender New Penn Financial announced the appointment of Brian Mitchell as its new Executive Vice President, Retail Lending. A proven leader with over 20 years of success in the mortgage industry, Mitchell will be based out of Dallas, TX.
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.
April 7, 2014
National lender New Penn Financial LLC today announced it will continue as Founding Sponsor of the Parx Casino Philly Cycling Classic through 2015.
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”).
October 1, 2013
Leading nationwide lender New Penn Financial, LLC (New Penn) today launched its mini correspondent program which enables clients such as mortgage bankers, community banks and credit unions to expand their mortgage businesses while limiting risk and maintaining their brand credibility.
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.
November 15, 2010
New Penn Financial, LLC, a leading nationwide mortgage lender, today announced the appointment of Bob Wexler as its Vice President of the newly formed Financial Services Division. New Penn’s Financial Services Division provides wholesale and correspondent mortgage lending to brokers, banks and credit unions.
October 1, 2010
Leading mortgage lender New Penn Financial, LLC has launched a new funding division to aid homebuyers interested in homes in need of repair, which are often discount priced. By offering the Federal Housing Administration's 203(k) loan, New Penn enables individuals to unlock opportunities in the rehab market that may have been inaccessible with a conventional bank mortgage.
June 1, 2011
Shellpoint Partners LLC, a specialty finance company, announced today that it has completed the acquisition of New Penn Financial, LLC, a leading originator of FHA/VA and Agency Conforming loans, based in Plymouth Meeting, Pennsylvania.