Company Information

Get to know new penn financial, llc

Founded in 2008, New Penn Financial, LLC was a prominent national mortgage lender and servicer based in Pennsylvania. The company offered a variety of mortgage products, including conventional, government-backed (FHA, VA, USDA), and jumbo loans. In 2018, the company was acquired by New Residential Investment Corp., and in 2019, it was officially rebranded to Newrez LLC to unify its brand with its parent company's other mortgage operations. Today, as Newrez, the company continues to be a leading mortgage lender and servicer in the United States, focused on providing a range of home financing solutions to homeowners and homebuyers.

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Financial BankingPRIMARY
Financial Other Service

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new penn financial, llc

United States

Founded in

2008 (18 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.