FORT WASHINGTON, Pa.--(BUSINESS WIRE)--NewRez LLC (“NewRez”), a national mortgage lender, announced today the formal launch of a joint venture mortgage company recently added to its network of partners. NewRez and Shelter Mortgage Company, L.L.C. (“Shelter Mortgage”), the NewRez business division focused on JV lending, have partnered in this venture with Landed, Inc. (“Landed”), a San Francisco-based company offering down payment support and homebuyer education programs geared towards helping teachers and school employees afford to buy homes. Based in Denver, Colorado, the new joint venture lender, Landed Home Loans LLC (“Landed Home Loans”), is now fully operational under the leadership of President Brett Shafer.
In addition to its shared equity down payment program, Landed also helps school employees navigate and access all of the available options for buying a home, and offers education in finance and the homebuying process. Through this partnership between Landed and Shelter Mortgage/NewRez, Landed Home Loans now offers service enhancements such as a centralized platform with a customized origination and operations system, designed specifically for its customers.
“As we seek out companies to join our growing network of joint venture partners, we were particularly impressed by Landed and how they incorporate a focus on community into their mission as a business,” says Randy Vanden Houten, SVP, Joint Venture & Retail Lending, NewRez. “We are thrilled to collaborate with Landed and help them expand their ability to provide more comprehensive support to local heroes at all stages of the homebuying process.”
“We are excited about taking the next step in this partnership with NewRez, backed by Shelter Mortgage’s 30 years of industry experience to further help essential professionals build financial security through homeownership,” says Jesse Vaughan, Co-Founder, Landed. “With this launch, we are now able to provide additional customized and accessible solutions designed to make the dream of homeownership a reality for these critical members of our community who uphold us every day.”
For more information on the Shelter Mortgage joint venture platform, please contact Randy.VandenHouten@sheltermortgage.com or go to newrez.com.
About NewRez LLC
NewRez LLC (NewRez) is a leading nationwide lender and servicer. As a lender, NewRez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 49 states, NewRez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners. The servicing business operates through NewRez’s servicing division, which consists of its performing loans servicing division, NewRez Servicing, and its special servicing division, Shellpoint Mortgage Servicing (“SMS”). NewRez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and eStreet Appraisal Management LLC, an appraisal management company. NewRez is member of the New Residential Investment Corp. family. More information is available at www.newrez.com.
About Shelter Mortgage Company, L.L.C.
Shelter Mortgage Company, L.L.C. (Shelter) is a leading retail residential mortgage originator predominantly focused on purchase money loans generated through relationships with realtors, builders, and relocation companies. Founded in 1984 as a subsidiary of a community bank, Shelter joined the NewRez family of companies in 2014. The company has loan officers across the country with joint venture and partner relationships in over 30 states. Shelter has built a strong platform via its differentiated, partnership-based origination model, focus on purchase money originations and compliance-oriented culture.
About Landed, Inc.
Landed, Inc. is a San Francisco-based company helping essential professionals build financial security near the communities they serve. Landed partners with schools, districts, and community organizations to provide down payment support and homebuyer education to educators and staff.
