NewRez debuts new mortgage subsidiary

by Candyd Mendoza17 Jul 2019

Mortgage lender NewRez has launched its 13th joint venture mortgage company, Preferred Lending Services (PLS).

The new joint venture company will be operating in Tampa, Fla. NewRez appointed mortgage veteran Bob Klorer, who has over 25 years of industry experience, as area sales manager to oversee PLS.

Preferred Lending Services is the latest addition to NewRez’s several subsidiaries across the US, including its joint-venture arm Shelter Mortgage, which has created multiple joint ventures for over 30 years.

“We are thrilled to formally expand our lending footprint throughout the state of Florida with the launch of Preferred Lending Services,” said Randy VandenHouten, senior vice president of joint venture and retail lending at NewRez. “Under Bob’s leadership, and backed by the strength and expertise of NewRez and Shelter Mortgage, Preferred Lending Services will prove to be a great asset to the Greater Tampa community.”

“NewRez has an excellent track record of bringing the very highest level of service and loan options to the customer,” said Dewey Mitchell, broker and owner of Berkshire Hathaway HomeServices. “We are excited to partner with the Preferred Lending Services team and offer mortgage lending products to our customers.”