The lender is actively hiring non-QM account executives to support the expansion
Non-QM lender Newfi has launched a correspondent lending channel as part of its strategic expansion.
The aim of the channel is to enable it to extend its proprietary non-QM products to mortgage bankers nationwide. The lender is also looking to hire seasoned non-QM correspondent account executives to support the expansion.
“We are proud to now offer Newfi’s proprietary non-QM products to mortgage bankers,” Newfi CEO Steve Abreu said. “Our expansion to the correspondent lending channel solidifies Newfi’s commitment to the non-agency space and strength as a lender in today’s marketplace.”
Newfi will offer non-QM programs and DSCR loan options through the new correspondent lending channel. That includes its Sequoia portfolio non-QM loan program, which provides borrowers access to loan amounts of up to $5 million, flexible income verification options (full doc, bank statement, 1099, asset depletion), and competitive pricing.
Read more: Newfi Lending expands non-QM offering
“We are excited to develop meaningful correspondent lending relationships that help mortgage bankers grow their businesses,” said Dan Bayer, senior vice president of non-QM development and strategy. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations.”
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