Skip to main content

New Penn Financial Names Bob Wexler Head of New Financial Services Division

NationalMortgageProfessional.com
Dec 17, 2010

New Penn Financial LLC, a leading nationwide mortgage lender, today announced the appointment of Bob Wexler as vice president of New Penn's newly formed Financial Services Division. New Penn’s Financial Services Division provides wholesale and correspondent mortgage lending to brokers, banks and credit unions. Reporting to President and Chief Executive Officer, Jerry Schiano, Bob will oversee operations of the Financial Services Division including mortgage originations. “Bob’s leadership and deep banking experience are important additions to New Penn Financial at this stage of the company’s development,” said Schiano. “His business management skills and solid reputation in the banking community will build on our track record of responsible lending as we position the company for future growth.” Prior to joining New Penn, Wexler served as executive vice president of Public Savings Bank. Wexler also served as executive vice president of Allied Mortgage Group, where he held various strategic management roles and helped the company expand its wholesale lending division. His background also includes mortgage origination roles at First Union Corporation and First Virginia Bank. Despite the downturn in financial services, New Penn Financial continues to grow year over year based on the strength of its people, mortgage lending expertise, and an unwavering commitment to responsible lending practices. “It’s exciting to be part of an organization with such a firm commitment to growing the business. In today’s market, you need a solid balance sheet and a clear strategy to differentiate yourself from the pack. We will be providing a platform of mortgage products and technology to our wholesale and correspondent partners that will enable them to service their customers in an entirely new way,” said Wexler. For more information, visit www.newpennfinancial.com, www.twitter.com/newpennllc and www.facebook.com/newpennfinancial.
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021