NewRez Overview

  • Year Founded
  • 2008

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 2,000

Employees

  • Latest Deal Type
  • Debt

  • Financing Rounds
  • 2

  • Investments
  • 3

NewRez General Information

Description

Provider of mortgage lending services intended to cater to the financial industry. The company offers mortgage lending, refinancing, new home, HARP, investor and VA loans, jumbo mortgages and foreign national loans, thereby enabling its clients to be delivered with flexible, innovative, and personalized solutions for their financing needs.

Contact Information

Website
www.newrez.com
Formerly Known As
New Penn Financial LLC, New Penn, NewRezz
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Corporate Office
  • 1100 Virginia Drive
  • Suite 125
  • Washington, PA 19034
  • United States
+1 (888)
Primary Industry
Consumer Finance
Parent Company
Shellpoint Partners
Corporate Office
  • 1100 Virginia Drive
  • Suite 125
  • Washington, PA 19034
  • United States
+1 (888)

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NewRez Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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NewRez Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of mortgage lending services intended to cater to the financial industry. The company offers mortgage lending,
Consumer Finance
Washington, PA
2,000 As of 2017

San Ramon, CA
 

Meriden, CT
 
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NewRez Competitors (20)

One of NewRez’s 20 competitors is Mason-mcduffie Mortgage, a Corporation company based in San Ramon, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Mason-mcduffie Mortgage Corporation San Ramon, CA
The Money Source Corporation Meriden, CT
LoanDepot Formerly PE-Backed Irvine, CA
PrimeLending Corporate Backed or Acquired Dallas, TX
Acra Lending Private Equity-Backed Irvine, CA
You’re viewing 5 of 20 competitors. Get the full list »

NewRez Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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NewRez Investments & Acquisitions (3)

NewRez’s most recent deal was a Joint Venture with Carnegie Mortgage Partners. The deal was made on 17-Nov-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Carnegie Mortgage Partners 17-Nov-2022 Joint Venture Thrifts and Mortgage Finance
Shelter Mortgage Company 03-Sep-2014 Merger/Acquisition Thrifts and Mortgage Finance
Shellpoint Mortgage Servicing 01-Oct-2013 Merger/Acquisition Other Financial Services
To view NewRez’s complete investments and acquisitions history, request access »

NewRez Affiliates

Subsidiaries (2)

Name Industry Location Year Founded
Shellpoint Mortgage Servicing Greenville, SC 1998
Shelter Mortgage Company Fort Washington, PA 1984

NewRez FAQs

  • When was NewRez founded?

    NewRez was founded in 2008.

  • Where is NewRez headquartered?

    NewRez is headquartered in Washington, PA.

  • What is the size of NewRez?

    NewRez has 2,000 total employees.

  • What industry is NewRez in?

    NewRez’s primary industry is Consumer Finance.

  • Is NewRez a private or public company?

    NewRez is a Private company.

  • What is NewRez’s current revenue?

    The current revenue for NewRez is .

  • Who are NewRez’s competitors?

    Mason-mcduffie Mortgage, The Money Source, LoanDepot, PrimeLending, and Acra Lending are some of the 20 competitors of NewRez.

  • Who acquired NewRez?

    NewRez was acquired by Shellpoint Partners.

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