Lending Mortgage News

Newrez and Shelter Mortgage Announce New Joint Venture Lender Carnegie Mortgage Partners

Newrez and Shelter Mortgage Announce New Joint Venture Lender Carnegie Mortgage Partners

Newrez LLC, a national mortgage lending and servicing organization, announced the formation of its newest joint venture mortgage company, Carnegie Mortgage Partners, LLC, in partnership with Keller Williams Bergen County Partners.

“The alliance with Newrez, one of the country’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.”

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Specializing in residential purchase mortgage lending, Carnegie Mortgage Partners is headquartered 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.”

The 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.

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“Carnegie Mortgage Partners’ unwavering commitment to continued growth and exceeding customer expectations aligns seamlessly with the Newrez way,” said Randy Vanden Houten, Senior Vice President Joint Venture & Retail Lending at Newrez. “We look forward to working with such a strong and experienced partner.”

About Newrez

Newrez is a leading mortgage company that combines mortgage origination and servicing to provide a customer-first journey and help our customers make smart moves throughout the lifetime of their mortgage loans. Differentiated by its origination platform, the Company provides customers with unparalleled lending options to purchase and refinance.

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