The verdict is in — the old way of doing business is over. Join us at Inman Connect New York Jan. 23-25, when together we’ll conquer today’s market challenges and prepare for tomorrow’s opportunities. Defy the market and bet big on your future.

Mortgage lender and servicer Newrez has launched a joint venture with another big Keller Williams Realty franchise group, Ridgewood, New Jersey-based Keller Williams Bergen County Partners.

The new mortgage joint venture, Carnegie Mortgage Partners LLC, will provide home loans to New Jersey residents, including those referred by the more than 1,500 agents affiliated with Keller Williams Bergen County Partners.

Keller Williams Bergen County Partners is a group of KW Real Estate offices that includes Keller Williams Village Square Realty (Ridgewood), Keller Williams Valley Realty (Woodcliff Lake), Keller Williams Town Life (Tenafly), Keller Williams City Views (Fort Lee) and Keller Williams Park Views (Rutherford).

Al Donohue

“We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” said Keller Williams Bergen County Partners’ Operating Principal Al Donohue in a statement Monday. “We feel that bringing mortgage operations in-house will allow us to provide a one-stop-shop that will provide an enhanced experience for our agents and their clients.”

Last month, Newrez announced the launch of Onward Home Mortgage, a joint venture with Keller Williams Georgia Legacy Group (GLG). GLG consists of three real estate brokerages with more than 2,000 agents serving metro Atlanta: Keller Williams Realty North Atlanta (serving Alpharetta), Keller Williams Realty Consultants (serving Roswell) and Keller Williams Realty Chattahoochee North (serving Peachtree Corners).

Newrez is a partner in a number of joint ventures through its Newrez Ventures platform, formerly known as Shelter Mortgage Company, which the company says “fosters relationships with real estate brokers, builders and relocation companies across the country” in more than 30 states.

In announcing the formation of Carnegie Mortgage Partners last year, Newrez said it was its 20th joint venture partnership under the Newrez Ventures portfolio.

Randy VandenHouten

“Carnegie Mortgage Partners’ unwavering commitment to continued growth and exceeding customer expectations aligns seamlessly with the Newrez way,” Newrez executive Randy VandenHouten said in a statement.

According to the Nationwide Multistate Licensing System (NMLS), Carnegie Mortgage Partners is licensed in Connecticut, Florida, Maryland, New Jersey and Pennsylvania, and sponsors seven mortgage loan originators working out of four branch offices.

Newrez’s other joint ventures include:

Based in Fort Washington, Pennsylvania, Newrez is itself licensed in 36 states and sponsors 959 mortgage loan originators working out of 150 branch locations, according to NMLS records.

Get Inman’s Mortgage Brief Newsletter delivered right to your inbox. A weekly roundup of all the biggest news in the world of mortgages and closings delivered every Wednesday. Click here to subscribe.

Email Matt Carter

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription