Real Estate
Home›Real Estate›Industry›eXp Realty and Newrez launch mortgage JV set for early…
eXp Realty and Newrez launch mortgage JV set for early 2027
Newrez expects to originate about $65 billion in mortgages this year as it expands through the Revenos Mortgage venture.
eXp Realty and Newrez have announced a new mortgage joint venture, Revenos Mortgage, expected to launch in early 2027, HousingWire reports.
The companies said the venture pairs eXp’s agent network and national brokerage footprint with Newrez’s mortgage origination and servicing platform, following eXp’s decision to wind down its Success Lending mortgage joint venture.
HousingWire reports that the JV follows eXp’s earlier move in September to wind down Success Lending, and it also comes after eXp had operated Success Lending with Kind Lending.
According to HousingWire, Newrez ties the launch to deepening relationships with local players, and it expects to originate about $65 billion in mortgages this year.