Company enters new market
New American Funding (NAF) continues to expand its business as it enters the joint ventures arena, which the wholesale lender claims will enable it to mitigate risk and minimize capital.
The newly rebranded NAF announced Thursday that it will offer multiple joint venture models, giving its partners access to the company’s infrastructure, processes, and systems.
The partnership models, NAF explained, will enable it to “mitigate the risk associated with being in the mortgage business and minimize the capital-intensive nature typically required while producing a reoccurring revenue stream and providing far greater control over the mortgage process.”
“As a private company, NAF can adjust to market conditions without consulting shareholders or investors,” NAF said in its Press release. “This enables a suite of unique offerings designed to meet the needs of today’s homebuyers, including programs designed to help people from underserved communities and first-time homebuyers achieve their dream of homeownership.”
Additionally, NAF’s joint venture partners will have access to its network of professionals and tools, including a lead source system, a five-year protection pledge, a deep product menu with the ability to broker loans, and much more.
“NAF is one of the nation’s most reputable mortgage companies, and we’re looking for partners that are the best in their industry,” said Al Miller, national director of joint ventures at New American Funding. “While you can trust NAF to do most of the heavy lifting, together, we can take your business to the next level.”
Want to make your inbox flourish with mortgage-focused news content? Get exclusive interviews, breaking news, industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
