Massachusetts-based mortgage lender New Fed Mortgage Corp. has been approved by the Tennessee Department of Financial Institutions (TDFI) to expand into that state with a “wide array” or mortgage programs.
New Fed Mortgage is an approved Fannie Mae and Freddie Mac seller servicer that is licensed in 14 states and offers conventional, jumbo, Federal Housing Administration, U.S. Department of Veterans Affairs, U.S. Department of Agriculture, and various state housing programs along with access to various portfolio projects.
The approval from TDFI is a step toward the company’s goal to create more lending opportunities in the state with its consumer direct channel.
“Our goal is to work with clients in Tennessee on a one-on-one basis to personally get to know them,” New Fed Mortgage President Brian D’Amico said in a release. “My team has a hands-on approach with every step of the process which we believe can help more borrowers with the pursuit of homeownership with this philosophy. We have a proven track record of offering competitive rates along with reliable customer service that is custom tailored specific to our client’s needs.”