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Newrez And Shelter Mortgage Unveil Joint Venture Lender Coast One Mortgage

Newrez And Shelter Mortgage Unveil Joint Venture Lender Coast One Mortgage
Navi Persaud
NewRez and Shelter mortgage joined forces to create a joint venture mortgage company.
Newrez LLC announced the formation of its newest joint venture mortgage company, Coast One Mortgage, LLC, in partnership with Schmidt Family of Companies, a family-owned full-service real estate brokerage firm currently operating under the brands of Coldwell Banker, Sotheby’s International Realty and Century 21.
Specializing in residential purchase mortgage lending, Coast One Mortgage is headquartered in Cleveland, OH. The new joint venture partnership will focus on serving borrowers in Ohio, Michigan, and Florida with plans to expand to other states, according to a press release. Coast One Mortgage will operate under the leadership of Marty Garrity, who will transition from his current role as a Newrez regional sales manager to joint venture president upon launch. ....

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DC-Based Menkiti Group Launches Mortgage Company With NewRez

The Menkiti Group at Keller Williams Capital Properties has partnered with national mortgage lender and servicer NewRez LLC to launch a new joint venture mortgage company called “Mission Mortgage LLC,” the companies announced on Monday.
The new mortgage company will focus on residential mortgage lending and will be based out of Washington, D.C., with service to residents across D.C., Maryland and Virginia.
Tom O’Keefe, a mortgage industry veteran, will lead the venture as president of the new company, which will be under Shelter Mortgage Company’s portfolio, a subdivision of NewRez.
The Menkiti Group, a D.C.-based minority-owned company, operates six Keller Williams franchise locations across D.C., Maryland and Virginia. The company was founded in 2004 “with a vision that a real estate brokerage could be a platform to help agent entrepreneurs grow their businesses and impact their communities,” according to the company’s website. ....

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