New Penn Financial mentioned in The Baltimore Sun (August 31, 2010)
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New Penn Financial’s rapid growth continues with the opening of a branch office in Oakbrook Terrace, IL
August, 2010 - New Penn Financial, a leading mortgage lender specializing in FHA and Conventional mortgage programs, announced that it has opened a new branch office in Oakbrook Terrace, IL. The Oakbrook Terrace office is dedicated to serving customers in IL and reflects New Penn’s continued growth and commitment to being a nationwide mortgage lender. The Oakbrook Terrace office offers a variety of loan programs including fixed rate Conventional and FHA mortgages, adjustable rate loans, jumbo loans and reverse mortgages.
New Penn Financial, LLC announces affiliated business arrangement with Avenue 365 Lender Services, LLC
April, 2010 - New Penn Financial, LLC, a licensed lender offering FHA, Conventional, and VA mortgage loans headquartered in Plymouth Meeting, PA, announced that it has entered into an affiliated business arrangement with Avenue 365 Lender Services, LLC. Avenue 365 is a customer-focused, technology-inspired national title insurance and settlement services provider with an unwavering commitment to offering every consumer, originator, and lender an unparalleled experience with every loan closing. They are pleased to join NPF in offering its customers, loan officers, and staff an unbeatable customer service experience. For more information please visit their website at www.avenue365.com.
New Penn Financial, LLC announces affiliated business arrangement with Home Advocate Insurance Group
November, 2009 - New Penn Financial, LLC, a licensed lender offering FHA, Conventional, and VA mortgage loans headquartered in Plymouth Meeting, PA, has announced that it has entered into an affiliated business arrangement with Home Advocate Insurance Group, located in Timonium, MD. Home Advocate offers personal and business insurance, specializing in saving consumers money on their homeowners, renters, condominiums, umbrella, autos, commercial autos, motorcycles, boats and personal articles insurance policies. To learn more about Home Advocate, visit their website is at www.homeadvocate.net or call toll-free (877)-487-8341.
New Penn Financial, LLC opens office in Concord, CA
June, 2009 - New Penn Financial, LLC, a licensed lender offering FHA, Conventional, and VA mortgage loans headquartered in Plymouth Meeting, PA, has announced that it has opened its sixth office in Concord, CA. The Concord office is dedicated to serving customers in CA and reflects New Penn's continued growth and commitment to being a nationwide mortgage lender.
New Penn Financial, LLC Launches Federal Government Home Affordable Refinance Program
April, 2009 - New Penn Financial, LLC, a licensed lender, now offers the federal government Home Affordable Refinance Program to its customers in addition to its FHA, Conventional, and VA Mortgage loan programs. A critical part of Fannie Mae's role in the Making Home AffordableSM program is Home Affordable Refinance, available for refinances of existing Fannie Mae loans only. The goal of the refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices." The expectation is that refinancing a Fannie Mae loan will put responsible borrowers in a better position by reducing their monthly principal and interest payments or moving them from a more risky loan structure (such as interest-only or short-term ARM) to a more stable product.
New Penn Financial, LLC opens office in Middleburg Heights, OH
April, 2009 - New Penn Financial, LLC, a licensed lender offering FHA, Conventional, and VA mortgage loans located in Plymouth Meeting, PA, has announced that it has opened its fifth office in Middleburg Heights, OH. The Middleburg Heights office is dedicated to serving customers in Ohio and surrounding states.
New Penn Financial, LLC launches VA Mortgage Program
March, 2009 - New Penn Financial, LLC, a licensed lender, now offers VA Mortgages in addition to its FHA and Conventional loan programs. VA mortgage loans are designed specifically for active duty military and national guard personnel, veterans and surviving spouses of veterans and offers up to 100% financing on home purchases and no monthly mortgage insurance.
New Penn Financial, LLC opens third office in Charlotte, NC
October 1, 2008 - New Penn Financial, LLC, a licensed lender offering FHA, Conventional, and VA mortgage loans located in Plymouth Meeting, PA, has announced that it has opened a third office in Charlotte, NC. The Charlotte office will be the sales and processing center devoted to New Penn Financial's newest Affinity channel designed for local community banks and credit unions that want to offer FHA mortgage loans to their customers.
New Penn Financial, LLC opens office in Columbia, MD
September 2, 2008 - New Penn Financial, LLC, a fully accredited FHA lender offering both FHA and Conventional mortgage loans located in Plymouth Meeting, PA, has announced that it has opened a second office in Columbia, Maryland through the acquisition of the Universal Trust Mortgage assets. All former Universal Trust Mortgage employees, office space and other assets will become New Penn Financial's new Maryland office.
New Penn Financial, LLC Receives its Direct Lending Branch FHA license to add to its Full Eagle FHA Accreditation
August 26, 2008 - New Penn Financial has received its Direct Lending Branch FHA license. This license permits New Penn Financial to originate FHA loans beyond the Philadelphia eight mid-Atlantic HOC states in all states nationwide in which New Penn Financial is licensed.
New Penn Financial, LLC Launches Two New Channels
August 25, 2008 - In addition to offering mortgages directly to consumers, New Penn Financial has launched two new growth channels. The first, an Affinity program, is designed for local community banks and credit unions that want to offer FHA mortgage loans to their customers and capture this growing revenue source but are not FHA approved lenders or are FHA approved but lack the resources to increase their FHA volume. New Penn Financial has opened a third office in Charlotte, NC that is dedicated to supporting the Affinity program.
The second program is designed for mortgage and investment companies that service their own mortgage loans. Working with these companies, New Penn Financial offers its analytical capabilities, FHA expertise and ability to identify the appropriate loans for consumers to improve their client's portfolio performance by refinancing their customers into more appropriate loans.
New Penn Financial, LLC Acquires Stenton Mortgage, Inc.
August 17, 2008 - New Penn Financial, LLC, a fully accredited FHA lender offering both FHA and Conventional mortgage loans located in Plymouth Meeting, PA, has announced that it has acquired Stenton Mortgage, Inc., a retail mortgage banking company located in Plymouth Meeting, PA, specializing in FHA and Conventional mortgage loan programs.