Shelter Mortgage announces new joint-venture mortgage firm

by Candyd Mendoza02 Aug 2019

Shelter Mortgage Company, NewRez’s joint-venture business division, has partnered with Cleveland-based Russell Real Estate Services to create Your Home Financial, its new joint-venture mortgage company.

NewRez area sales manager Paul McKelvey will be leading new joint venture, according to Shelter Mortgage’s announcement. The firm said Your Home Financial will offer mortgage options and services soon.

“At NewRez, we take great pride in our joint-venture partnerships and only seek out those who we believe will make a positive impact on our respective businesses as well as the client and agent communities they serve,” said Randy VandenHouten, senior vice president of joint venture and retail lending at NewRez. “The Russell Real Estate Services team has demonstrated extraordinary leadership and we believe the partnership will exceed performance expectations in the mortgage space.”

“The innovative joint-venture model offered by NewRez and Shelter Mortgage enables us to offer our clients a complete menu of mortgage services from an established platform and the credibility to achieve success in the mortgage business,” said Jeff Russell, chief operations officer and owner of Russell Real Estate. “We look forward to expanding our services in the Cleveland area with Paul and his team, and making Your Home Financial a trusted resource for homeowners.”