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Working At New Penn Financial

Zippia Score 4.1

New Penn Financial overview

A large finance company with 1,187 employees, New Penn Financial is headquartered in the United States.
The staff at New Penn Financial come from unusually diverse demographic backgrounds. The company is 41.0% female and 35.4% ethnic minorities. Even though it has great demographic diversity, New Penn Financial notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 70.0%. Despite having coworkers who agree with each other about politics, employees at New Penn Financial tend to have relatively short tenures. Staff members usually stay with the company for 1.6 years. The average employee at New Penn Financial makes $79,892 per year, which is competitive for its industry and location. Some of its highest paying competitors, American Home Mortgage, Residential Mortgage Services, and Gateway Mortgage Group, pay $100,922, $95,308, and $81,564, respectively.
New Penn Financial, LLC offers mortgage lending products and services in the United States. It offers fixed rate, adjustable rate, and jumbo loans; and FHA, veteran administration, real estate investor, 203(k) streamline, used mortgage, home improvement, HARP refinance, interest only, and foreign national loans. The company was incorporated in 2007 and is based in Plymouth Meeting, Pennsylvania. It has office locations in Auburn, Alabama; Scottsdale, Arizona; Concord, Roseville, Pasadena, Temecula, and San Diego, California; Dover, Newark, Middletown, Rehoboth Beach, and Wilmington, Delaware; Miami, Coral Springs, Tampa, Panama City, Maitland, and Marco Island, Florida; Alpharetta, Georgia; Rosemont, Illinois; Columbia, Maryland; Beverly, Massachusetts; St. Louis Park and Oakdale, Minnesota; Gulfport, Hattiesburg, and Diamondhead, Mississippi; Kansas City, Missouri; Albuquerque, New Mexico; Melville, New York; Charlotte and Raleigh, North Carolina; Strongsville and Worthington, Ohio; Portland, Oregon; Plymouth Meeting, Pennsylvania; Charleston, South Carolina; Rapid City, South Dakota; Johnson City, Murfreesboro, Sevierville, Nashville, Morristown, and Knoxville, Tennessee; Austin, Houston, San Antonio, El Paso, Grapevine, and Frisco, Texas; Haymarket, Virginia; and Gillette, Wyoming. As of June 2, 2011, New Penn Financial, LLC operates as a subsidiary of Shellpoint Partners LLC.

The Organization’s Mission

Superior service, simple process and effective communications.

Industry

Thrifts and Mortgage Finance

Revenue

-

Employees

1,187

Founded in

2007

Headquarters

-

Website

www.newrez.com

Website

www.newrez.com

Organization Type

-

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The team at New Penn Financial

The Inside Scoop
New Penn Financial, LLC offers mortgage lending products and services in the United States. It offers fixed rate, adjustable rate, and jumbo loans; and FHA, veteran administration, real estate investor, 203(k) streamline, used mortgage, home improvement, HARP refinance, interest only, and foreign national loans. The company was incorporated in 2007 and is based in Plymouth Meeting, Pennsylvania. It has office locations in Auburn, Alabama; Scottsdale, Arizona; Concord, Roseville, Pasadena, Temecula, and San Diego, California; Dover, Newark, Middletown, Rehoboth Beach, and Wilmington, Delaware; Miami, Coral Springs, Tampa, Panama City, Maitland, and Marco Island, Florida; Alpharetta, Georgia; Rosemont, Illinois; Columbia, Maryland; Beverly, Massachusetts; St. Louis Park and Oakdale, Minnesota; Gulfport, Hattiesburg, and Diamondhead, Mississippi; Kansas City, Missouri; Albuquerque, New Mexico; Melville, New York; Charlotte and Raleigh, North Carolina; Strongsville and Worthington, Ohio; Portland, Oregon; Plymouth Meeting, Pennsylvania; Charleston, South Carolina; Rapid City, South Dakota; Johnson City, Murfreesboro, Sevierville, Nashville, Morristown, and Knoxville, Tennessee; Austin, Houston, San Antonio, El Paso, Grapevine, and Frisco, Texas; Haymarket, Virginia; and Gillette, Wyoming. As of June 2, 2011, New Penn Financial, LLC operates as a subsidiary of Shellpoint Partners LLC.
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New Penn Financial Salaries

How much does New Penn Financial pay?
The national average salary for a New Penn Financial employee in the United States is $79,892 per year. Employees in the top 10 percent can make over $125,000 per year, while employees at the bottom 10 percent earn less than $50,000 per year.
5.3
Salary Score
Average Employee Earnings

New Penn Financial Salaries By Job Title

While the average employee salary at New Penn Financial is $79,892, there is a big variation in pay depending on the role. The higher paying positions at New Penn Financial include Wholesale Account Manager, Underwriting Assistant, Foreclosure Specialist, and Senior Underwriter. A typical Wholesale Account Manager salary at New Penn Financial is $129,192. Some of the other roles at New Penn Financial are Dock Worker and Longshoreman. A worker with the title Dock Worker at New Penn Financial earns an average salary of $48,789 per year.

New Penn Financial careers

On average, employees at New Penn Financial stay with the company for 1.6 years. Employees most commonly join New Penn Financial after leaving Wells Fargo. When they leave New Penn Financial, they most frequently get their next job at Wells Fargo.

Average Length of Employment

New Penn Financial

1.6 years
Top Employers Before New Penn Financial
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New Penn Financial Employee Political Affiliation

New Penn Financial employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a New Penn Financial employee was by Christopher Derrow. Christopher Derrow donated $3,000 to the Democratic Party.

Democratic Party

70.0 %

Republican Party

30.0 %

Employee Political Donations

NameDonation
Christopher DerrowMortgage Banker
$3,000Democratic Party
Jeffrey FairBrand Manager
$1,700Republican Party
Jerry SchianoExecutive
$1,000Democratic Party
Brian MitchellExecutive
$1,000Republican Party
Michael MulgrewMortgage Banker
$750Democratic Party
Terri MerlinoCredit Officer
$500Democratic Party
Richard PuglieseAccounting Clerk
$450Republican Party
Charles KennedyAuditor
$150Democratic Party
Timothy ParetRegional Manager
$150Democratic Party
ROY LoebeMortgage Consultant
$15Democratic Party

New Penn Financial Financial Performance

9.6
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

-

Founded in

2007

Organization type

-

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New Penn Financial Competitors

Competitors of New Penn Financial include American Home Mortgage, Residential Mortgage Services, and Gateway Mortgage Group. The wages at American Home Mortgage average higher than the other similar companies, where the median salary is $100,922 per year. The employees at Residential Mortgage Services earn an average yearly salary of $95,308 per year, and the salaries at Gateway Mortgage Group average $81,564 per year.

Frequently Asked Questions about New Penn Financial

When was New Penn Financial founded?

New Penn Financial was founded in 2007.

How many Employees does New Penn Financial have?

New Penn Financial has 1,187 employees.

What industry is New Penn Financial in?

New Penn Financial is in the thrifts and mortgage finance industry.

What is New Penn Financial's mission?

New Penn Financial's mission statement is "Superior service, simple process and effective communications."

Who are New Penn Financial's competitors?

New Penn Financial competitors include Movement Mortgage LLC, First Mortgage, Prospect Mortgage LLC, Academy Mortgage, Amerisave Mortgage Corporation, Allied Mortgage Group, Freedom Mortgage, Primary Residential Mortgage, loanDepot, American Mortgage, Fairway Independent Mortgage, Residential Mortgage Services, Gateway Mortgage Group, Peoples Home Equity, American Home Mortgage, Champion Mortgage Holdings Corp., Mortgage America, United Mortgage, EAGLE MORTGAGE, Bank of England.

What is New Penn Financial's website?

You can find the New Penn Financial website at www.newrez.com.

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You can find out what it is like to work at New Penn Financial, also known as NEW PENN FINANCIAL LLC, New Penn Financial LLC and New Penn Financial, LLC.

Zippia gives an in-depth look into the details of New Penn Financial, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New Penn Financial. The employee data is based on information from people who have self-reported their past or current employments at New Penn Financial. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of New Penn Financial and its employees or that of Zippia.