It is the latest joint venture to join Newrez's family of companies
Newrez has unveiled a new mortgage joint venture in partnership with Georgia-based Meybohm Real Estate.
The new JV brand, Meybohm Mortgage, will operate in Georgia and South Carolina. Meybohm specializes in residential purchase mortgage lending and brings expertise to the Newrez Ventures portfolio.
Randy Vanden Houten, senior vice president of joint venture lending at Newrez, commented on the launch: “We are thrilled to welcome Meybohm Mortgage into the Newrez Ventures family. This strategic move aligns with our vision of delivering unparalleled value to clients and reshaping the real estate landscape. Meybohm Mortgage’s innovative programs and dedication to excellence perfectly complement our mission.”
“Meybohm Mortgage is excited to join forces with Newrez Ventures,” Meybohm Mortgage president Kim Shelpman said in a release. “Our suite of groundbreaking programs, including the credit boost program, preferred lender listing tool, and ‘Knock’ program, will now reach a broader audience, providing innovative solutions to enhance the home buying experience.”
The formation of Meybohm Mortgage is part of Newrez’s continued expansion strategy. The national lender recently integrated several new brands into its family of companies, including Onward Home Mortgage and Carnegie Mortgage Partners.
Newrez also recently launched a new affordable mortgage product for low-income borrowers and first-time homebuyers (FTHBs) called RezSource. The company said the loan option lowers borrowers’ out-of-pocket expenses through its 1% down payment assistance and lender contributions.
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