
Newfi
Stage
Corporate Majority | AcquiredAbout Newfi
Newfi is a multi-channel lender that aims to set the standard for efficiency, transparency, and service in the mortgage marketplace. On October 18th, 2021, Athene acquired a majority stake in Newfi. Terms of the transaction were not disclosed.
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Expert Collections containing Newfi
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Newfi is included in 4 Expert Collections, including Mortgage Tech.
Mortgage Tech
218 items
Companies here streamline and digitize the mortgage lending process. Collection includes direct lenders, mortgage brokers, process optimization technologies for lenders, as well as tools that support borrowers throughout the search and application phases.
Real Estate Tech
2,789 items
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Digital Lending
2,171 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
8,123 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Newfi News
Nov 8, 2023
November 08, 2023 at 06:03 am EST Share Joint Omnibus Amendment On November 1, 2023, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc. (the "Company"), as seller, entered into a Joint Omnibus Amendment No. 6 to the Series 2017-VF1 Pricing Side Letter, Amendment No.4 to the Series 2021-PIAVF1 Pricing Side Letter and the Series 2021-SAVF1 Pricing Side Letter (the "Omnibus Amendment") with Atlas Securitized Products, L.P. (the "Administrative Agent"), and Nexera Holding LLC (the "Buyer"). The Administrative Agent, the Buyer and the Company entered into: (a) that certain Amended and Restated Series 2017-VF1 Master Repurchase Agreement, dated as of November 15, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the "Series 2017-VF1 Repurchase Agreement") and the related Eighth Amended and Restated Series 2017-VF1 Pricing Side Letter, dated as of November 15, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the "Series 2017-VF1 Pricing Side Letter"), (b) that certain Series 2021-SAVF1 Master Repurchase Agreement, dated as of November 15, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the "Series 2021-SAVF1 Repurchase Agreement") and the related Series 2021-SAVF1 Pricing Side Letter, dated as of November 15, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the "Series 2021-SAVF1 Pricing Side Letter"), and (c) that certain Series 2021-PIAVF1 Master Repurchase Agreement, dated as of February 10, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the "Series 2021-PIAVF1 Repurchase Agreement," and together with the Series 2017-VF1 Repurchase Agreement and the Series 2021-SAVF1 Repurchase Agreement, the "Repurchase Agreements"), and the related Series 2021-PIAVF1 Pricing Side Letter, dated as of February 10, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the "Series 2021-PIAVF1 Pricing Side Letter," and together with the Series 2017-VF1 Pricing Side Letter and the Series 2021-SAVF1 Pricing Side Letter, the "Pricing Side Letters" and together with the Repurchase Agreements, "VFN Repurchase Documents"). The primary purposes of the Omnibus Amendment were to (a) extend the maturity date of the financing facility until January 30, 2024, (b) delete references in the VFN Repurchase Documents to the Master Repurchase Agreement, dated as of March 10, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the "Atlas MRA"), by and among the Company, the Administrative Agent, the Buyer and the other buyers party thereto, (c) to update the Maximum Purchase Price and (d) to transfer certain financial terms from the Atlas MRA to the VFN Repurchase Documents. The foregoing description of the Omnibus Amendment does not purport to be complete and is subject to, and qualified in its entirety, by reference to the full text of the Omnibus Amendment, which is attached to this report as Exhibit 10.1. Attachments
Newfi Frequently Asked Questions (FAQ)
Where is Newfi's headquarters?
Newfi's headquarters is located at 2200 Powell Street, Emeryville.
What is Newfi's latest funding round?
Newfi's latest funding round is Corporate Majority.
Who are the investors of Newfi?
Investors of Newfi include Athene and Warburg Pincus.
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