Newfi Lending Reaches $1 Billion In Mortgage Originations

Newfi Lending, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, has originated over $1 billion in loan volume. The company reached this milestone just 24 months from the time it launched lending operations in April 2015. The $1 billion in mortgage volume is a combined result of Newfi Lending’s direct-to-consumer and wholesale lending operations.

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“These incredible results in such a short period of time validate our dual-channel business model,” said Newfi Lending CEO Steve Abreu. “We achieved this significant milestone despite the challenges of ramping up a new company in a limited geography. This bodes well for Newfi as we accelerate the growth of our sales organization and the expansion of our national footprint.”

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Newfi Lending has experienced significant growth in 2017. The organization has now expanded operations to 9 states: Arizona, California, Colorado, Florida, Oregon, Pennsylvania, New Jersey, Utah, and Washington. The company has received licensing approval for 16 states and plans to operate in over 20 states by the end of 2017.

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Founded in 2014 by industry veterans, Newfi Lending is a national mortgage lender reshaping the borrowing experience through a combination of proprietary technology, product innovation, and personal touch. Newfi delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust.

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