✉news BusinessBusiness first seen 1 d ago, last 21 h ago, peak #10
Newrez and eXp Realty Launch Joint Venture for Purchase Lending
Original: Newrez, eXp Realty Form Joint Venture To Target Purchase Business
Mortgage lender Newrez and real estate brokerage eXp Realty have formed a joint venture aimed at capturing more of the home purchase market. The partnership pairs the lender with one of the largest residential brokerages, aligning loan origination with agent-led home sales as both companies look to grow purchase business while refinance activity remains limited.
Why now: The partnership is new and signals a strategic push into purchase lending at a time when mortgage firms are seeking growth beyond refinancing.
Evidence
- Newrez, eXp Realty Form Joint Venture To Target Purchase Business · National Mortgage Professional
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