New Penn Monetary to Rebrand as NewRez in Early 2019

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New Penn Financial to Rebrand as NewRez in Early 2019


PLYMOUTH MEETING, Pa.–(BUSINESS WIRE)–Nationwide loan lender New Penn Monetary, LLC (“New Penn”) lately
introduced that the corporate might be rebranded as NewRez initially
of 2019. New Penn used to be got by means of New Residential Funding Corp.
(NYSE: NRZ; “New Residential”) in July of this 12 months.

The NewRez title and the verdict to rebrand replicate New Penn’s shut
alignment with its dad or mum corporate, in addition to the mixed
group’s dedication to bringing price to its buyer
relationships and strategic partnerships. For the reason that acquisition, New
Penn has leveraged further capital and company backing from New
Residential to develop and to amplify New Penn’s product innovation
features. The corporate has persisted to expand versatile mortgage
merchandise such because the SMART Sequence line, which create extra alternatives
for certified debtors to buy or refinance houses. All over the 12 months
New Penn has additionally invested considerably in generation designed to
streamline the mortgage approval procedure and beef up the full buyer
enjoy.

“We’re very excited to announce the rebrand and for the expansion
alternatives it alerts,” stated Kevin Harrigan, President and Leader
Govt Officer of New Penn. “NewRez combines the energy and
enjoy of the New Penn and New Residential manufacturers below one
umbrella, and we look ahead to the advantages we can jointly convey
to debtors thru our Wholesale, Correspondent Lending,
Direct-to-Shopper, and Joint Project/Retail trade channels.”

“The brand new logo represents a mix of our corporate’s a hit
historical past and the intense long run forward,” added David Haggert, Leader
Advertising and marketing Officer. “Additional info at the rebrand might be communicated
within the coming weeks, together with the transition timeline and main points of
the brand new logo and emblem.”

About New Penn Monetary

New Penn Monetary® is a number one national lender that
brings experience, extraordinarily aggressive charges on a wide portfolio of
loan merchandise, and outstanding customer support below one roof.
Based in 2008 and certified in 49 states, the corporate and its
recognition have grown below the steering of a control workforce with years
of enjoy within the loan trade. New Penn is headquartered in
Plymouth Assembly, Pennsylvania and operates places of work national,
together with a community of three way partnership companions. New Penn is a Shellpoint
Companions corporate and a part of the New Residential Funding Corp.
circle of relatives. Additional info is to be had at newpennfinancial.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Sure data on this press unencumber might represent
“forward-looking statements” throughout the which means of the Non-public
Securities Litigation Reform Act of 1995, together with, however no longer restricted to
statements relating to growing extra alternatives for certified debtors
to buy or refinance houses; generation investments that can
beef up
and streamline the mortgage approval procedure and total buyer
enjoy; and long run advantages to New Penn’s
Wholesale,
Correspondent Lending, Direct-to-Shopper, and Joint Project/Retail
trade channels.
They constitute control’s present
expectancies relating to long run occasions and are matter to various
dangers and uncertainties, lots of which might be past our keep watch over, which
may reason exact effects to fluctuate materially from the ones described in
the forward-looking statements. Accordingly, you will have to no longer position undue
reliance on any forward-looking statements contained herein. For a
dialogue of one of the most dangers and necessary components that might have an effect on
such forward-looking statements, see the sections entitled “Cautionary
Statements Relating to Ahead Taking a look Statements,” “Possibility Components” and
“Control’s Dialogue and Research of Monetary Situation and Effects
of Operations” in New Residential’s annual and quarterly experiences filed
with the Securities and Change Fee, which might be to be had on New
Residential’s website online (
www.newresi.com).
Ahead-looking statements contained herein discuss best as of the date of
this press unencumber, and New Residential expressly disclaims any
legal responsibility to unencumber publicly any updates or revisions to any
forward-looking statements contained herein to replicate any trade in New
Residential’s expectancies in regards thereto or trade in occasions,
prerequisites or cases on which any commentary is based totally.



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