Strategic move aims to expand service offerings
Newfi, a non-agency mortgage lender owned by funds managed by Apollo Global Management, has appointed Victoria Clement as its new executive vice president of correspondent lending.
According to a news release, in her new role, Clement will oversee the Newfi correspondent division, focusing on expanding the company’s non-QM and second lien offerings for mortgage bankers nationwide.
“We are thrilled to announce Victoria’s new role at Newfi Correspondent,” said Steve Abreu, the company’s founder and CEO. “Victoria brings a wealth of industry knowledge and robust business development experience to our leadership team. Our correspondent division is situated for massive growth in 2025, and she will play a pivotal role in developing relationships and expanding the Newfi brand.”
Nancy De Liban, partner at Apollo, added, “We are excited to bring Victoria Clement’s significant experience in mortgage lending to our partnership with Newfi.”
Clement has a background in business development within the mortgage and financial services industries, the news release highlighted. Before joining Newfi, she served as principal and chief business development officer at SG Capital Partners, focusing on residential mortgage investment opportunities and strategic partnerships.
Her previous roles include positions at loanDepot, Goldman Sachs, Lehman Brothers, and GE Capital, where she was involved in correspondent lending strategies, corporate development, and mortgage asset transactions.
“I’m looking forward to leading the Newfi Correspondent team and building on the company’s strong foundation in the non-agency space,” said Clement. “With Newfi’s innovative approach, we have a tremendous opportunity to empower our partners and expand access to competitive mortgage solutions.”
The non-QM mortgage market has expanded significantly, growing from zero issuance in 2015 to $50 billion in 2020, according to a report from J.P.Morgan.
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