Skip to main content

New Penn Acquires Envoy’s Correspondent Lending Division
Apr 12, 2018

New Penn Financial has announced its acquisition of the Envoy’s Correspondent Lending Division. The addition of Envoy Correspondent Lending rounds out the organization’s business channels, which include existing origination channels in Call Center, Joint Venture, Retail, and Wholesale.
“Finding a partner that shares our values in quality and client service was extremely important to us in building out this division,” said Kevin Harrigan, New Penn’s President. “The Envoy team has demonstrated consistent business growth and earned a solid industry reputation and a loyal client base. We’re thrilled to join with an organization that is already excelling in this space. We’re excited to welcome the Envoy Correspondent team to the New Penn Financial family and look forward to having them help us expand our presence in the Correspondent Lending arena.”
Since 2013, the Correspondent Lending Division of Envoy Mortgage has created value for its correspondent partners by providing expert guidance and lending solutions. Backed by more than 250 combined years of delegated and non-delegated Correspondent Lending experience, the management team knows the importance of exceeding expectations and providing lender partners with exceptional customer service.
“We are very excited about joining the New Penn family,” said Dan Hastings, Executive Vice President of Envoy’s Correspondent Lending Division. “I’m proud of our group and what we’ve built over the last five years. In addition to the new products and servicing capabilities offered by New Penn, this amazing opportunity will allow us to further grow and expand our Correspondent Channel.”
The new division will conduct business under the name “New Penn Financial National Correspondent Lending Division.” New Penn will continue operating its Wholesale and Emerging Banker Lending Group as part of its TPO Division.

Apr 12, 2018
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021