EMERYVILLE, Calif., March 9, 2017 /PRNewswire/ -- Nexera Holding LLC, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, today announced the expansion of its wholesale mortgage business, Blustream Lending, to Florida, New Jersey, and Pennsylvania.
This move brings the total number of states serviced by Blustream Lending to eight, covering over 30 percent of the U.S. population. In addition to these new states, Blustream currently provides wholesale lending in Arizona, California, Colorado, Oregon, and Washington.
"We're really excited to introduce Blustream to these new states as part of our nationwide expansion," said Steve Abreu, Founder and CEO of Nexera. "Our growing offering of innovative loan programs at an attractive price point delivers a unique value proposition for our mortgage broker partners."
Blustream also announced two key hires to help drive the expansion in these markets. Steven Duran has been appointed Regional Account Manager for Florida and brings over 15 years of experience in the state. Brendan Barry has been appointed Regional Account Manager for Pennsylvania and New Jersey and brings 20 years of experience in mortgage sales and leadership.
About Nexera Holding
Nexera Holding LLC is a multi-channel lender that is setting the standard for efficiency, transparency, and service in the mortgage marketplace. Founded by industry veterans, Nexera is committed to innovation in lending products for both consumers and mortgage brokers under the Newfi and Blustream brands. Newfi is a 5-star rated lender that simplifies borrowing and reduces costs through its secure and streamlined mortgage lending technology. Blustream is focused on providing its wholesale partners with consistently low pricing and a growing range of innovative lending products. For more information, visit www.nexeraholding.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $44 billion in private equity assets under management. The firm's active portfolio of more than 140 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested more than $60 billion in over 780 companies in more than 40 countries. For more information please visit www.warburgpincus.com.
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SOURCE Nexera Holding LLC