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Non-QM lender NewFi launches correspondent lending channel

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. 

“Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

As an affiliate of Apollo Global Management, Newfi can offer mortgage bankers the benefit of Apollo’s expansive resources and mortgage expertise, the company added.

The market for non-QMs, which doesn’t meet the details ⇒

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