Newfi Wholesale Expands to East Coast
Wholesale lender to operate in Florida, New Jersey, Pennsylvania
EMERYVILLE, Calif., March 9, 2017 — Nexera Holding LLC, a technology-enabled residential mortgage lender and portfolio company of Warburg Pincus, today announced the expansion of its wholesale mortgage business, Newfi Wholesale, to Florida, New Jersey, and Pennsylvania.
This move brings the total number of states serviced by Newfi Wholesale to eight, covering over 30 percent of the U.S. population. In addition to these new states, Newfi Wholesale currently provides wholesale lending in Arizona, California, Colorado, Oregon, and Washington.
“We’re really excited to introduce Newfi Wholesale to these new states as part of our nationwide expansion,” said Steve Abreu, Founder and CEO of Nexera. “Our growing offering of innovative loan programs at an attractive price point delivers a unique value proposition for our mortgage broker partners.”
About Nexera Holding
Founded in 2014 by industry veterans, Newfi Lending is a national mortgage lender reshaping the borrowing experience through a combination of proprietary technology and product innovation. Newfi delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. For more information, visit www.newfilending.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $44 billion in private equity assets under management. The firm’s active portfolio of more than 140 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested more than $60 billion in over 780 companies in more than 40 countries. For more information please visit www.warburgpincus.com.
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