New Penn Financial and Plus Relocation Launch New Mortgage Joint Venture: Plus Relocation Mortgage

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Partnership Brings Mortgage Expertise, Relocation Services Under One Roof

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New Penn Financial (New Penn) and Plus Relocation Services (Plus Relocation) today announced the formation of a new joint venture mortgage company, Plus Relocation Mortgage. The partnership combines New Penn’s mortgage lending experience with Plus Relocation’s relocation expertise, providing a reliable service to employers and a convenient single point of contact for home-buying employees.

Founded in Minneapolis in 1968, Plus Relocation provides customized mobility solutions around the world. The company also has locations in London, Hong Kong, and Shanghai. New Penn Financial, based just outside Philadelphia with offices nationwide, is one of the fastest-growing lenders in the United States. The Plus Relocation Mortgage JV operates under the company’s Shelter Mortgage division. Plus Relocation is the first relocation company to form a joint venture partnership with New Penn.

“Plus Relocation Mortgage acts as an extension of our clients’ mobility teams, allowing companies to provide a seamless relocation experience for their employees,” said Drew Lightowler, VP - Branch Manager of Plus Relocation Mortgage. “Our team of experienced and knowledgeable relocation loan officers is able to match every buyer with the best mortgage options and provide smooth pre-approvals, a full range of loan products, and personal support throughout the lending and relocation process.”

“New Penn is the perfect lending partner for Plus Relocation,” said Joe Benevides, Chief Operating Officer of Plus Relocation. “Their mortgage expertise, deep understanding of customer service, and comprehensive selection of loan products provide a wonderful complement to our mobility solutions and bring great value to our clients and their relocating employees.”

New Penn Financial operates multiple subsidiaries across the United States, including Shelter Mortgage Company, which serves as its joint venture arm.

“The launch of Plus Relocation Mortgage marks the next step in the expansion of New Penn Financial and Shelter Mortgage in the JV space,” said Corey Caster, CEO of Shelter Mortgage. “We’ve found an ideal partner in Plus Relocation, and we are excited about the continued growth of our joint venture footprint.”

For more information or to learn more about opportunities for partnership, please contact Corey Caster at Corey.Caster@sheltermortgage.com.

About New Penn Financial
New Penn Financial® has become a leading nationwide lender by bringing expertise, extremely competitive rates on a broad portfolio of mortgage products, and exceptional customer service under one roof. Founded in 2008 and licensed in 49 states, the company and its reputation have grown rapidly under the guidance of a management team with years of experience in the mortgage industry. New Penn is headquartered in Plymouth Meeting, Pennsylvania and operates offices nationwide. New Penn is a Shellpoint Partners company. More information is available at newpennfinancial.com.

About Shelter Mortgage Company
Shelter Mortgage is a leading retail residential mortgage originator predominantly focused on conforming purchase money loans generated through relationships with realtors, builders, and relocation companies. Founded in 1984 as a subsidiary of a community bank, Shelter has loan officers across the country with over 25 joint venture and partner relationships in over 30 States. Shelter has built a strong platform via its differentiated, partnership-based origination model, focus on purchase money originations and compliance-oriented culture.

About Plus Relocation
Plus Relocation designs and implements completely customized mobility solutions with flawless execution from mid-sized companies to some of the largest, most-recognized brands on the planet. Plus Relocation clients come from a wide array of industries and feature some of the most dynamic mobility programs in the world. Plus Relocation has been in business since 1968, with an innovative, game-changing approach that has propelled the company to a full-service, global mobility powerhouse with offices located around the world. Their tri-regional model allows Plus Relocation to deliver seamless mobility services in more than 150 countries. To learn more, please visit plusrelocation.com.

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Beth Brindle