DS News

DS News December 2022

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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Page 39 of 99

38 Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month. NEWREZ AND SHELTER MORTGAGE PARTNER TO FORM CARNEGIE MORTGAGE PARTNERS Newrez LLC, a national mortgage lending and servicing organization, has formed its newest joint venture mortgage company, Carnegie Mort- gage Partners LLC, in partnership with Keller Williams Bergen County Partners. "e alliance with Newrez, one of the coun- try's top mortgage lenders and loan servicers, will empower Carnegie Mortgage Partners to elevate the customer experience in a monumental way," said Mike Blasius, future President of Carnegie Mortgage Partners. "Joining forces with Keller Williams Bergen County Partners brings so much growth potential, and I look forward to building a team to rapidly scale the business and bring that growth to fruition." Specializing in residential purchase mortgage lending, Carnegie Mortgage Partners is head- quartered in Oradell, New Jersey, and will focus on serving borrowers across the state. "We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own," said Al Donohue, Operating Principal of Bergen County Partners. "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." e launch of Carnegie Mortgage Partners marks a meaningful milestone for Newrez, making its 20th joint venture partnership under the portfolio of Newrez Ventures LLC, formerly known as Shelter Mortgage, the Newrez business division focused on joint venture lending. "Carnegie Mortgage Partners' unwavering commitment to continued growth and exceeding customer expectations aligns seamlessly with the Newrez way," said Randy Vanden Houten, SVP, Joint Venture & Retail Lending at Newrez. "We look forward to working with such a strong and experienced partner."

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