This is a marriage of outstanding organizations that will now grow even stronger. I am humbled and honored to lead such a talented group of professionals and can't wait to continue getting more borrowers into the homes of their dreams, Kathy Vitali, President of Onward Home Mortgage, said in a prepared statement.
Newrez and Newrez Ventures' commitment to bringing affordable housing to borrowers nationwide continues as Onward's vast product suite tailors uniquely to the needs of today's borrowers, from FHA to First Time Homebuyer programs, Newrez said.
A joint venture typically ramps up faster than a traditional mortgage company. At a mortgage brokerage joint venture, loan officers generally get paid a lower base salary than counterparts at traditional lenders and may get a smaller commission because the LO is
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