EMERYVILLE, Calif., June 20, 2017 /PRNewswire/ -- Newfi Lending, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, today announced the expansion of 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.
About Newfi Lending
Founded in 2015 by industry veterans, Newfi Lending is a national mortgage lender reshaping the borrowing experience through a combination of proprietary technology and product innovation. Newfi delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. For more information, visit www.newfilending.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 Newfi Lending