Key Takeaways:
– Newrez has launched a joint venture mortgage company called Carnegie Mortgage Partners in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey.
– The joint venture is led by Margaret Bernabei and has its office in Ridgewood, New Jersey.
– Carnegie Mortgage Partners will offer mortgage products to clients of Keller Williams Bergen County Partners, which has 15 offices across the area.
– Keller Williams Bergen County Partners had 1,588 licensed agents who generated $4.2 billion in sales volume in 2022.
– The partnership aims to provide an enhanced experience for agents and their clients by offering a one-stop-shop for mortgage operations.
– Newrez previously launched a joint venture mortgage company called Onward Home Mortgage in partnership with Keller Williams’s Georgia Legacy Group.
– Newrez has a total of 16 joint venture partners, including Carolina One Mortgage, Milestone Home Lending, and Summit Home Mortgage.
HousingWire:
Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners, in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey, the lender announced on Monday.
The joint venture mortgage company is led by Margaret Bernabei, a former branch manager at a CrossCountry Mortgage outpost. Carnegie Mortgage Partners’ office is in Ridgewood, New Jersey.
Carnegie Mortgage Partners will offer mortgage products to clients of Keller Williams Bergen County Partners, a Keller Williams franchise with 15 offices spread across Ridgewood, Woodcliff Lake, Tenafly, Fort Lee and Rutherford. BCP operates as a team led by Al Donohue.
According to the 2023 RealTrends rankings, the team had 1,588 licensed agents who generated an average of $2.65 million in sales volume in 2022. In all, BCP agents notched $4.2 billion in sales volume in 2022 across 6,080 transaction sides. It placed No. 63 among the 500 best brokerages by volume.
“We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on 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 mortgage company in partnership with Keller Williams’s Georgia Legacy Group (GLG).
GLG is also part of a larger Keller Williams Realty franchise group of residential real estate brokerages located in Georgia. It includes Keller Williams Realty North Atlanta in Alpharetta, Keller Williams Realty Consultants in Roswell and Keller Williams Realty Chattahoochee North in Peachtree Corners and surrounding metropolitan Atlanta areas.
Newrez has 16 joint venture partners, including Carolina One Mortgage, Milestone Home Lending and Summit Home Mortgage, according to its website.
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Property Chomp’s Take:
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So, what’s the buzz? Newrez recently teamed up with a top Keller Williams franchise network in Bergen County, New Jersey, to launch Carnegie Mortgage Partners. Led by Margaret Bernabei, a former branch manager at CrossCountry Mortgage, this joint venture aims to provide mortgage products to clients of Keller Williams Bergen County Partners (BCP).
BCP, with its 15 offices spread across different locations in New Jersey, operates under the leadership of Al Donohue. According to the 2023 RealTrends rankings, the BCP team boasts 1,588 licensed agents who generated an average of $2.65 million in sales volume in 2022. In total, BCP agents achieved an impressive $4.2 billion in sales volume across 6,080 transaction sides in 2022, earning them the 63rd spot among the top 500 brokerages by volume.
The partnership between Newrez and Keller Williams is built on shared values and visions. Al Donohue expressed enthusiasm for the collaboration, stating that bringing mortgage operations in-house will provide a one-stop-shop experience for their agents and clients, enhancing their overall service.
This isn’t the first time Newrez has joined forces with Keller Williams. Just last month, they launched another joint venture mortgage company called Onward Home Mortgage in partnership with Keller Williams’s Georgia Legacy Group (GLG). GLG is part of a larger Keller Williams Realty franchise group, encompassing multiple residential real estate brokerages in Georgia.
In fact, Newrez currently has 16 joint venture partners, including Carolina One Mortgage, Milestone Home Lending, and Summit Home Mortgage, as highlighted on their website.
The establishment of Carnegie Mortgage Partners is exciting news for the real estate and mortgage industry in Bergen County. With the combination of Newrez’s expertise and Keller Williams’ extensive network and reputation, homebuyers and agents alike can expect an enhanced and streamlined mortgage experience.
So, keep an eye out for Carnegie Mortgage Partners as they embark on this new venture, offering top-notch mortgage products and services to clients of Keller Williams Bergen County Partners. The collaboration between these industry leaders is sure to make waves in the real estate market, providing a convenient and efficient solution for all parties involved.
