PLYMOUTH MEETING, Pa., Dec. 19, 2018 /PRNewswire-PRWeb/ -- National mortgage lender New Penn Financial, LLC ("New Penn") today announced that Bob Klorer has joined the company as Area Manager for the Greater Tampa region. Klorer brings more than 25 years of success in the mortgage industry to his role at New Penn.
The addition of Klorer marks the latest development for New Penn, which earlier this month announced that it will rebrand as NewRez in January 2019. New Penn was acquired by New Residential Investment Corp. (NYSE: NRZ; "New Residential") in July of this year. The NewRez name and the decision to rebrand reflect New Penn's close alignment with its parent company, as well as the combined organization's commitment to bringing value to its customer relationships and strategic partnerships.
New Penn operates multiple subsidiaries across the United States, including Shelter Mortgage Company, which serves as its joint venture arm. "We are thrilled to have Bob on board to lead our growth in the Tampa region," said Corey Caster, CEO of Shelter Mortgage. "Bob has consistently been the top producer in the companies he's worked for, and his expertise in the in-house lending segments will be a tremendous asset as we continue to expand our national footprint."
Klorer is thrilled to get started with the New Penn—soon to be NewRez—team. "The New Penn organization shares my commitment to exceptional service and offers a wide breadth of products that I look forward to bringing to my clients in the greater Tampa market," said Klorer. "These are exciting times to be part of the New Penn family."
Since the acquisition, New Penn has leveraged additional capital and corporate backing from New Residential to grow and to expand New Penn's product innovation capabilities. The company has continued to develop flexible loan products such as the SMART Series line, which create more opportunities for qualified borrowers to purchase or refinance homes. During the year New Penn has also invested significantly in technology designed to streamline the loan approval process and improve the overall customer experience.
Headquartered in Plymouth Meeting, PA, with offices across the United States, New Penn Financial specializes in finding the right loan for every borrower. The lender offers a wide range of mortgage products that help make the dream of home ownership attainable. Visit newpennfinancial.com for product details and guidelines.
About New Penn Financial, LLC
New Penn Financial® is a leading nationwide lender that brings 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 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, including a network of joint venture partners. New Penn is a Shellpoint Partners company and part of the New Residential Investment Corp. family. New Penn Financial will rebrand as NewRez in early 2019. More information is available at newpennfinancial.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to statements regarding creating more opportunities for qualified borrowers to purchase or refinance homes; technology investments that may improve and streamline the loan approval process and overall customer experience; and future benefits to New Penn's Wholesale, Correspondent Lending, Direct-to-Consumer, and Joint Venture/Retail business channels. They represent management's current expectations regarding future events and are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those described in the forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled "Cautionary Statements Regarding Forward Looking Statements," "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in New Residential's annual and quarterly reports filed with the Securities and Exchange Commission, which are available on New Residential's website (http://www.newresi.com). Forward-looking statements contained herein speak only as of the date of this press release, and New Residential expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in New Residential's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
SOURCE New Penn Financial
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