Newrez announced a new venture mortgage company with Keller William Bergen County Partners.
Headquartered in Ridgewood, NJ, Carnegie Mortgage Partners allows homeowners in New Jersey to access a network of real estate agents offering mortgage product suites from Newrez and Newrez Ventures.
“We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” said Al Donohue, Operating Principal of Keller Williams Bergen County Partners. “We feel that bringing mortgage operations in-house will allow us to provide a one-stop-shop that will provide an enhanced experience for our agents and their clients.”
The company specializes in residential purchase mortgage lending and will focus on borrowers in New Jersey. Newrez noted that the partnership “marks another major milestone” in Newrez Venture’s goal of promoting affordable housing.
This is the second joint venture between Newrez and Keller Williams this year.
Last month, the companies opened Onward Home Mortgage, another residential lending company serving borrowers in the Southeast.
“The joint venture value proposition is a commitment of excellence in customer service not only to its clients, but its referring partners as well,” said Margaret Bernabei, President of Carnegie Mortgage Partners. “I am thrilled to be part of such an incredible enterprise between two partners who are experts in their industries and understand how to grow and succeed in this model.”
Pennsylvania-based Newrez is a mortgage origination and servicing company. Newrez Ventures, formerly Shelter Mortgage Company, joined the Newrez Family of Companies in 2014, fostering relationships between builders, brokers, and relocation companies across the nation.
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