Below you'll find a list of all posts that have been categorized as “News”
EMERYVILLE, CA, SEPTEMBER 18, 2023 –Newfi Wholesale is excited to announce its partnership with Association of Independent Mortgage Experts (AIME) by becoming a Supporting Sponsor. As one of the only Non-QM focused sponsors of AIME, Newfi Wholesale aims to expand its reach, bringing its expertise and unique product offerings to an even broader network of mortgage brokers nationally. Steve …
EMERYVILLE, CA, AUGUST 29, 2023 – Newfi Wholesale is thrilled to announce that it has been selected as the Service Partner of the Year in the Lender (Wholesale) category by the National Association of Mortgage Brokers (NAMB). This award acknowledges Newfi Wholesale’s dedication to fostering the growth and success of mortgage brokers and loan officers across the country. “It is …
EMERYVILLE, CA, MARCH 1, 2023 – Newfi Wholesale is proud to announce the addition of John Wise to their executive team as Senior Vice President of West Coast Sales. Wise brings with him decades of Non-QM leadership experience and proven success in the mortgage industry. Most recently, he served as the Regional Sales Manager of the Northwest at Angel …
Introduces new logo and emphasizes commitment to customers EMERYVILLE, CA, February 1, 2023 – Newfi Lending, a leading provider of Non-QM mortgage loans, announced today the release of its new, modern logo. The company’s refreshed look is designed to convey its ongoing commitment to innovation in the mortgage space through technology and unique financing solutions to meet the …
Newfi is making it easier for borrowers to qualify using its Sequoia Portfolio Plus and Expanded products, using 1099 income documentation, instead of just using bank statements or asset depletion. The Form 1099 option is designed for borrowers who receive one of more 1099s per year, and can be combined with other types of full doc income. To use non-1099 …
Wendy Licis has joined NewFi Lending as Divisional Vice President. Wendy is focused on growing wholesale and non-delegated production. Licis is a senior executive with 30 years of mortgage lending experience spanning all channels; most recently she lead successful teams at Suntrust, Primary Capital and Ditech. Licis is uniquely positioned to expand Newfi’s footprint. “We are excited to have Wendy …
Newfi Wholesale prioritizes making it simple. We know you have options, and we value all of the brokers who work with us. Our reputation in the industry often focuses on our proprietary Non-QM products, and our innovation in crafting unique product guidelines. But Newfi doesn’t stop there. Here’s a brief overview of some of the ways we make it easy …
Did you know you can qualify a borrower using business bank statements with no P&L? Simply apply a fixed expense ratio based on the size and type of business. Learn more about using our Sequoia Portfolio bank statement programs. Expense Ratio for Bank Statement Income Calculations Number of Employees 0 1-5 > 5 Service Business 20% 40% 60% Product Business …
Many borrowers have seen strong equity growth on their non-owner properties. Newfi’s Sequoia Portfolio Plus is a great program for borrowers to take a cash-out refi to get equity out of investment properties. This product line is extremely flexible, and with current equity positions possibly at their peak, now is a great time for borrowers to consider this program. Since the Sequoia …
Newfi continues to innovate for self-employed borrowers. With our Sequoia Portfolio Plus and Expanded programs you have two different options for calculating the net qualifying income from your borrowers business bank statements: Fixed Expense Ratio – This is the quickest and easiest calculation. Simply add up the total business deposits and apply a fixed expense ratio, based on the type and size of …
