EMERYVILLE, CA, July 12, 2023— Newfi, an industry-leading lender specializing in non-agency mortgage solutions, is proud to announce the launch of its correspondent lending channel. This strategic expansion allows Newfi to extend its proven non-qualified mortgage (Non-QM) products to mortgage bankers across the country, empowering them to better serve their customers with flexible financing options.
“We are proud to now offer Newfi’s proprietary Non-QM products to mortgage bankers,” says Steve Abreu, Newfi CEO & Founder. “Our expansion to the correspondent lending channel solidifies Newfi’s commitment to the non-agency space and strength as a lender in today’s marketplace.”
As an affiliate of Apollo Global Management, Newfi Correspondent stands ready to help mortgage bankers with the benefit of Apollo’s expansive resources and mortgage expertise. Apollo has a deep understanding of the Non-QM sector, they are steadfast in their commitment to the residential real estate industry, and they can offer us strong capital support to help Newfi mitigate risk and weather market volatility.
“We are excited to develop meaningful correspondent lending relationships that help mortgage bankers grow their businesses,” Dan Bayer, SVP Non-QM Development & Strategy said. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations.”
The national lender has developed a reputation for their ability to deliver unique loan options for self-employed borrowers, real estate investors, and more borrowers who don’t fit agency guidelines with detailed attention to every file. Newfi will offer their Sequoia Portfolio Non-QM offerings with up to $5M loan amounts, multiple income types (full doc, bank statement, 1099, asset depletion, and more), and competitive pricing. They will also offer other Non-QM programs and DSCR loan offerings through their correspondent lending channel. To learn more about Newfi Correspondent and explore the full range of mortgage solutions available, visit www.newficorrespondent.com.
To support this expansion into correspondent lending Newfi is actively seeking to hire experienced Non-QM Correspondent Account Executives. If you are interested, please contact Dan Bayer at dan@newfi.com for more information.
About Newfi Lending NMLS ID 1231327
Founded in 2014 by industry leading experts, Newfi’s mission is to revolutionize the way people finance their futures by providing innovative solutions, cultivating a people-first mindset, and being transparent every step of the way. Newfi is a 2022 Inc. 5000 Fastest Growing Company and specializes in proprietary Non-QM offerings. To learn more visit Newfi Correspondent or follow Newfi Correspondent on LinkedIn.
