New Penn Financial Employee Directory

Banking11-50 Employees

New Penn Financial is a national mortgage lender operating within the banking industry. The organization maintains a presence including a downtown Portland, Oregon office and is sized as a small- to mid-sized lender. It was acquired by New Residential Investment Corp in 2018 and was subsequently rebranded as NewRez, aligning it with the parent company’s brand. The lender has expanded its underwriting capabilities through partnerships that connect loan data to Freddie Mac’s automated underwriting system and support automated underwriting for its SMART series in the non-QM market.

Notable developments include a 2019 partnership with Cultural Outreach to provide training for loan professionals, and the hiring of a senior loan officer in its Portland office. Operating under the NewRez brand within New Residential Investment Corp, the company serves the national mortgage market with AUS-enabled products and non-QM offerings across the United States.

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