Newfi Lending, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, has expanded Newfi Wholesale into Utah. Newfi Wholesale is the third-party origination division of Newfi Lending.
Newfi Wholesale also announced the hiring of Shayne Nielson as Regional Account Manager to drive the expansion into Utah. Nielson has spent many years in both wholesale and retail mortgage lending at Headlands Mortgage and GreenPoint Mortgage, working in Utah and Florida.
“We are pleased to continue our strong growth momentum with our expansion into Utah and we welcome Shayne to the team,” said Debbie Ingle, Newfi Lending’s Senior Vice President of Wholesale Lending. “We’re excited to partner with mortgage brokers in Utah, and to show them the same exceptional level of service that we provide to all our customers.”
This move brings the total number of states serviced by Newfi Wholesale to nine, covering over one-third of the U.S. population. In addition to Utah, Newfi Wholesale currently provides wholesale lending services in Arizona, California, Colorado, Florida, Oregon, Pennsylvania, New Jersey and Washington.