Newrez, Keller William Launch NJ Mortgage Company

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…

Newrez, Keller Williams Launch Onward Home Mortgage

Lender and servicer Newrez teamed up with Keller Williams Georgia Legacy Group to launch a joint venture mortgage company, according to a press release. The company, Onward Home Mortgage, will open for borrowers in the Southeast, giving them access to both Keller Williams’ real estate agents and Newrez’s resources. Onward will be headquartered in Roswell, Georgia, and specialize in residential purchases. “This is a marriage of outstanding organizations that will now grow even stronger. I am humbled and honored to lead such a talented group of professionals and can’t wait to continue getting more borrowers into the homes of their dreams,” said Kathy Vitali, president of Onward Home Mortgage. The Onward team brings a combined 125 years of experience to…

Rocket Pro TPO Competes For Loans Under $200K

By KIMBERLEY HAAS Leaders at Rocket Pro TPO are extending their promotion on 30-year conventional purchase loans at or under $200,000 as they gear up to be more competitive in that market this year. During an IGNITE: Live! webinar on Monday, Executive Vice President Mike Fawaz announced that they are continuing their 37.5 BPS credit on these loans. Fawaz said they want to make sure that they listen to their broker partners and their feedback. “This is something we have been extending every single month since December. And the feedback continues to be incredible and positive and broker partners want it,” Fawaz said. Fawaz explained the philosophy behind the promotion. “When you think about it, we are very competitive when…

Morning Roundup (2/10/2022)– Labor Market Uncertainty, Second Home Demand Remains High

Good Morning! Today is Thursday, February 10. Chuck Schumer and Nancy Pelosi suggested that they were open to banning members of Congress from trading stocks. Officials have delayed the medal ceremony for team figure skating amid reports that a Russian skater failed a drug test. A former casino executive was sentenced to a year and a day in prison for a bribery scheme to get his daughter into U.S.C. The Mortgage Note Reports Impact Of Labor Numbers On Housing Market Remains Unclear: Despite an uptick in job numbers and an increase in personal incomes, there is still uncertainty about how the latest Labor Statistics Report will impact the housing market. Second Home Demand: Second home demand outpaced primary residence demand…