Non-QM loan programs are now on the platform
Newfi Wholesale has integrated its non-QM products into ARIVE’s mortgage origination platform as part of a new strategic partnership.
The California-based alternative lender said the tie-up will “empower mortgage brokers with a one-stop shop mortgage experience to a wide array of niche loan programs.” Through its wholesale channel, Newfi offers various mortgage products, including non-QM, jumbo, fixed seconds, as well as FHA, VA, and conforming loans.
Newfi CEO Steve Abreu commented on the partnership: “Innovation is key to finding success in changing market environments. At Newfi, we’re committed to simplifying non-QM and empowering our broker partners to close more deals. We look forward to working closely and partnering with ARIVE mortgage brokers.”
“We are thrilled to welcome Newfi to the ARIVE platform,” ARIVE CEO Harish Tejwani said in a media release. “This partnership will enable Newfi to bring its expertise and unique product offerings to an even broader network of mortgage brokers nationally. These expanded product options signify a significant step forward in our mission to grow the wholesale mortgage channel and to provide streamlined experience and greater value to our broker partners, enabling them to thrive in an ever-evolving market.”
Newfi-approved brokers will gain access to Newfi’s diverse product lineup and competitive pricing via the ARIVE marketplace. Further integrations between Newfi and ARIVE are currently in development and are expected to enhance the capabilities of the shared platform.
In September, Newfi was recognized as The National Association of Mortgage Brokers’ Service Partner of the Year in the wholesale lender category. The wholesaler attributed the win to its commitment to supporting mortgage brokers nationwide.
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