New Product “Step-Up Mortgage” Offering Lower Initial Monthly Payments for Non-QM Borrowers Now Available At Newfi

  Innovative Non-QM solution that cools monthly payment pressure on borrowers for first few years of the loan   EMERYVILLE, CA, September 12, 2022 –Today Newfi launches Pinnacles Step-Up Mortgage, a product unlike anything else on the current market, that can save ­­Non-QM borrowers thousands in their monthly payment obligations in the first year alone when using full doc or …

Newfi Lending Ranks No. 1063 on the 2022 Inc. 5000 Annual List

With Three-Year Revenue Growth of 612 Percent, Newfi Lending Receives Ranking No. 75 in Financial Services and No. 49 in San Francisco Among America’s Fastest-Growing Private Companies     Today, Inc. revealed that Newfi Lending is No. 1063 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind …

Newfi Offering 1099 Option to Help Qualify More Borrowers

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 …

Newfi Growing in the East – Wendy Licis Joins to Lead Expansion

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 Prioritizes Making it Simple for Brokers

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 …

Qualify Using Bank Statements with No P&L

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 …

Now is the time: Get Cash-Out on Investment Properties

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 …

Qualify More Self-Employed Borrowers

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 …