EMERYVILLE, Calif., May 11, 2017 /PRNewswire/ -- Nexera Holding LLC, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, today announced that it will now operate as Newfi Lending (www.newfilending.com).
"Unifying under the Newfi Lending name reflects our strong focus on technology and commitment to providing a newer, improved lending experience for all our customers," said Newfi Lending CEO Steve Abreu. "This change advances our position as a growing market leader and product innovator."
In conjunction with the change, Nexera Holding's wholesale lending business, which formerly operated under the Blustream Lending brand, will now be called Newfi Wholesale.
Newfi Lending is approved in 12 states and expects to be in 21 states by the end of 2017.
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