Key Takeaways:
– Mortgage lender Newrez has launched a joint venture with Keller Williams Bergen County Partners, a Keller Williams Realty franchise group based in New Jersey.
– The joint venture, called Carnegie Mortgage Partners, will provide home loans to New Jersey residents, including those referred by Keller Williams Bergen County Partners’ agents.
– Newrez has launched several joint ventures through its Newrez Ventures platform, fostering relationships with real estate brokers and builders across the country.
– Carnegie Mortgage Partners is licensed in Connecticut, Florida, Maryland, New Jersey, and Pennsylvania.
– Newrez is licensed in 36 states and sponsors nearly 1,000 mortgage loan originators.
inman:
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Mortgage lender and servicer Newrez has launched a joint venture with another big Keller Williams Realty franchise group, Ridgewood, New Jersey-based Keller Williams Bergen County Partners.
The new mortgage joint venture, Carnegie Mortgage Partners LLC, will provide home loans to New Jersey residents, including those referred by the more than 1,500 agents affiliated with Keller Williams Bergen County Partners.
Keller Williams Bergen County Partners is a group of KW Real Estate offices that includes Keller Williams Village Square Realty (Ridgewood), Keller Williams Valley Realty (Woodcliff Lake), Keller Williams Town Life (Tenafly), Keller Williams City Views (Fort Lee) and Keller Williams Park Views (Rutherford).
Al Donohue
“We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” said Keller Williams Bergen County Partners’ Operating Principal Al Donohue in a statement Monday. “We feel that bringing mortgage operations in-house will allow us to provide a one-stop-shop that will provide an enhanced experience for our agents and their clients.”
Last month, Newrez announced the launch of Onward Home Mortgage, a joint venture with Keller Williams Georgia Legacy Group (GLG). GLG consists of three real estate brokerages with more than 2,000 agents serving metro Atlanta: Keller Williams Realty North Atlanta (serving Alpharetta), Keller Williams Realty Consultants (serving Roswell) and Keller Williams Realty Chattahoochee North (serving Peachtree Corners).
Newrez is a partner in a number of joint ventures through its Newrez Ventures platform, formerly known as Shelter Mortgage Company, which the company says “fosters relationships with real estate brokers, builders and relocation companies across the country” in more than 30 states.
In announcing the formation of Carnegie Mortgage Partners last year, Newrez said it was its 20th joint venture partnership under the Newrez Ventures portfolio.
Randy VandenHouten
“Carnegie Mortgage Partners’ unwavering commitment to continued growth and exceeding customer expectations aligns seamlessly with the Newrez way,” Newrez executive Randy VandenHouten said in a statement.
According to the Nationwide Multistate Licensing System (NMLS), Carnegie Mortgage Partners is licensed in Connecticut, Florida, Maryland, New Jersey and Pennsylvania, and sponsors seven mortgage loan originators working out of four branch offices.
Newrez’s other joint ventures include:
- Carolina One Mortgage LLC (in partnership with North Charleston, South Carolina-based Carolina One Real Estate Services), which, according to NMLS records is licensed in Georgia and South Carolina, with 19 sponsored mortgage loan originators working out of 12 branch locations.
- Coast One Mortgage (in partnership with the Schmidt Family of Companies), which operates more than 90 Coldwell Banker Offices in Ohio, Michigan and Florida). According to NMLS records, Coast One Mortgage is licensed in Alabama, Florida, Georgia, Illinois, Michigan, Ohio and Pennsylvania, with 14 sponsored mortgage loan originators working out of eight branch offices.
- Milestone Home Lending LLC (with Indiana-based Century 21 Scheetz), which, according to NMLS records, is licensed in Florida, Illinois, Indiana, Michigan and Ohio, with seven sponsored mortgage loan originators.
- Sanctuary Home Mortgage (with Atlanta Fine Homes Sotheby’s International Realty), which, according to NMLS records, is licensed in Florida and Georgia and sponsors seven mortgage loan originators working out of three branch offices.
- Your Home Financial LLC (with Strongsville, Ohio-based Russell Real Estate Services), which, according to NMLS records, is licensed in Florida, Michigan and Ohio with 11 sponsored mortgage loan originators working out of six branch offices.
Based in Fort Washington, Pennsylvania, Newrez is itself licensed in 36 states and sponsors 959 mortgage loan originators working out of 150 branch locations, according to NMLS records.
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Property Chomp's Take:
The real estate industry is constantly evolving, and it's important for professionals to adapt to the changing landscape. One company that understands this is Newrez, a mortgage lender and servicer that has recently launched a joint venture with Keller Williams Realty franchise group, Ridgewood. This partnership, known as Carnegie Mortgage Partners LLC, aims to provide home loans to residents of New Jersey, including those referred by the agents affiliated with Keller Williams Bergen County Partners.
The decision to bring mortgage operations in-house is a strategic move by Keller Williams Bergen County Partners. By offering a one-stop-shop experience, they hope to enhance the experience for both their agents and their clients. This move aligns with Newrez's vision and values, making it a natural partnership.
This is not the first joint venture for Newrez. They have previously launched ventures with Keller Williams Georgia Legacy Group, Carolina One Real Estate Services, the Schmidt Family of Companies, Century 21 Scheetz, Atlanta Fine Homes Sotheby's International Realty, and Russell Real Estate Services, among others. These ventures allow Newrez to foster relationships with real estate brokers, builders, and relocation companies across the country.
The formation of Carnegie Mortgage Partners is just one of many joint ventures under the Newrez Ventures portfolio. The company's commitment to growth and exceeding customer expectations is evident in each partnership. As a licensed mortgage lender in multiple states, Newrez has a wide reach and can offer its services to clients across the country.
The real estate industry is changing, and it's clear that the old way of doing business is no longer effective. Companies like Newrez and Keller Williams are paving the way for a new approach. By partnering together, they are able to provide a comprehensive experience for their clients and agents.
Inman Connect New York, taking place from January 23-25, is a great opportunity for industry professionals to come together and tackle the challenges of today's market. It's a chance to learn from experts, network with peers, and prepare for future opportunities. The verdict is in – it's time to defy the market and bet big on the future.
If you're in the real estate industry and want to stay ahead of the game, consider attending Inman Connect New York. It's an investment in your future and an opportunity to learn from the best. Don't miss out on this chance to conquer today's market challenges and prepare for tomorrow's opportunities.
