NewFed Mortgage Corp.
NewFed Mortgage Corp. is a family-owned, Fannie Mae/Freddie Mac seller-servicer and FHA-approved mortgage lender headquartered in Danvers, MA, originating residential and commercial loans across 20+ U.S. states through branch loan officers, a digital platform, and real estate partner channels.
- Company typePrivate
- Founded2004
- HeadquartersDanvers, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What NewFed Mortgage Corp. does
NewFed Mortgage Corp. is a family-owned, privately held mortgage lender headquartered in Danvers, Massachusetts, operating under President and CEO Brian D'Amico since the early 2000s. The company originates, sells, and services residential and commercial mortgage loans for individual homebuyers, refinancing homeowners, real estate investors, seniors (55+) seeking reverse mortgages, and underserved community borrowers, with branch offices concentrated in Massachusetts and selectively expanded into Texas, North Carolina, and Oklahoma under a multi-state license footprint spanning 20+ U.S. states. It is a Fannie Mae/Freddie Mac seller-servicer and FHA-approved lender, and it has earned a Top 20 lender ranking in Massachusetts (Banker & Tradesman), an A+ BBB rating, and consecutive Boston Globe Top Places to Work honors in 2024 and 2025.
The company's product portfolio covers the full mortgage lifecycle — conventional, FHA, VA, USDA, jumbo, renovation, non-QM, HELOC, bridge, reverse, and commercial property loans — plus a Community Champions rate-discount program for first responders, military, medical, and education professionals. Distribution is hybrid: local loan officers in physical branches, an inside sales team for inbound inquiries, a digital self-service platform at myloans.newfed.com with a mobile app, and a partner channel built on preferred-lender relationships with Century 21 (North East, Integra, The Hills Realty) and Coldwell Banker Town & Country through the NewFed Edge buyer discount program. Supporting technology integrations include LenderLogix (post-closing borrower experience), Servbank (payment servicing), CampusDoor (student loan refinancing), and Incenter Tax Solutions (property tax reviews).
NewFed generates revenue primarily through transaction-based origination fees and interest rate spreads on loans sold to investors, supplemented by recurring mortgage servicing income (via Servbank) and referral/affiliate economics from real estate brand partnerships. Growth is driven by geographic expansion (e.g., Oklahoma in 2023), deepening partner channels, leadership additions targeting national expansion (CSO hire in November 2024), and community initiatives such as the City of Boston Co-Purchasing Housing Pilot Program partnership.
NewFed Mortgage Corp. firmographics
Firmographics- Name
- NewFed Mortgage Corp.
- Legal name
- NewFed Mortgage Corp.
- Website
- https://newfed.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NewFed Mortgage Corp. is a family-owned, Fannie Mae/Freddie Mac seller-servicer and FHA-approved mortgage lender headquartered in Danvers, MA, originating residential and commercial loans across 20+ U.S. states through branch loan officers, a digital platform, and real estate partner channels.
- Ownership category
- akta.pro rank
NewFed Mortgage Corp. industry classification
Industry- Product category
- Residential Mortgage Lending
- NAICS
- Real Estate Credit (522292)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)
- akta.pro secondary industries
- Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL), Cash-Out Refinance Origination (FSALAAAF), Reverse Mortgage Servicing & Subservicing (FSALAIAC)
Keywords
Where NewFed Mortgage Corp. is headquartered
LocationHeadquarters
- HQ city
- Danvers
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
NewFed Mortgage Corp. business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Mortgage Origination Fees: Origination fees charged to borrowers at closing, typically as percentage of loan amount; revenue from interest rate spreads on originated loans sold to investors
- Loan Servicing: Ongoing mortgage servicing including payment collection, escrow management; partnership with Servbank for payment processing
- Partner Programs: Revenue from preferred lender arrangements with real estate brands including Century 21 and Coldwell Banker through the NewFed Edge program
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Conventional Loans - Standard mortgage products conforming to GSE guidelines |
| Transaction based/ take rate | Pay-as-you-go | Government Loans (FHA, VA, USDA) - Government-backed mortgage products |
| Transaction based/ take rate | Pay-as-you-go | Reverse Mortgages - Home equity conversion for homeowners 55+ |
| Transaction based/ take rate | Pay-as-you-go | Specialty Products - Jumbo, Renovation, HELOC, Bridge Loans |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
NewFed Mortgage Corp. product offering
Product offeringCore offering
NewFed Mortgage Corp. is a family-owned mortgage lender that originates and services residential and commercial mortgage loans for consumers. Operating as a Fannie Mae/Freddie Mac seller-servicer and FHA-approved lender licensed across 20 states, it offers a comprehensive suite of mortgage products including conventional, FHA, VA, USDA, jumbo, renovation, non-conventional, HELOC, bridge loans, reverse mortgages, and commercial property financing, distributed through local loan officers, a digital self-service platform, and real estate partner referral channels.
Product overview
NewFed Mortgage Corp. offers a comprehensive suite of mortgage lending products organized as a single integrated platform with multiple loan program categories. The core portfolio includes Conventional Loans, FHA Loans, VA Loans, USDA Loans, Renovation Loans, Non-Conventional Loans, Jumbo Loans, HELOC Loans, Bridge Loans, Reverse Mortgage, and Commercial Property Loans. Additional offerings include a Community Champions Program providing special rate discounts for eligible professionals, and supporting tools such as Mortgage Calculators and a Glossary of Mortgage Terms. The company operates as a Fannie Mae/Freddie Mac seller-servicer and FHA-approved lender, offering both purchase and refinance products across residential and commercial property segments.
Differentiator
Problem solved
Functional benefit
Products and services
- Conventional Loans Standard mortgage loans that conform to Fannie Mae and Freddie Mac guidelines, typically requiring good credit and down payment, for individual homebuyers.
- FHA Loans Federal Housing Administration-insured loans designed for first-time homebuyers with lower down payment requirements and more flexible credit criteria.
- VA Loans Veterans Affairs-backed mortgages offering favorable terms for eligible service members, veterans, and their spouses.
- USDA Loans United States Department of Agriculture loans for rural property purchases with no down payment required for eligible buyers.
- Renovation Loans Loans that combine purchase or refinance financing with funds for home improvements and repairs.
- Non-Conventional Loans Alternative mortgage products for borrowers who may not qualify for conventional financing, including non-QM options.
- Jumbo Loans Loans that exceed conforming loan limits for higher-value properties not eligible for traditional financing.
- HELOC Loans Home Equity Line of Credit products allowing homeowners to borrow against their home's equity for various financial needs.
- Bridge Loans Short-term financing solutions helping homeowners transition between properties by leveraging equity in their current home.
- Reverse Mortgage Retirement-focused loans for homeowners 55+ allowing them to access home equity without monthly payments, with flexible payout options.
- Commercial Property Loans Financing solutions for commercial real estate including multifamily, office, industrial, retail, hotels, mixed-use, and special purpose properties.
- Community Champions Program Discounted rates or lender credits for eligible individuals including first responders, active and retired military, medical professionals, and educational staff.
Quantifiable outcome
- Top 20 lender ranking in Massachusetts
- +2 more outcomes
Companies that use NewFed Mortgage Corp.
Customer profileNamed customers3 records
Segments7 records
Ideal customer profiles5 records
NewFed Mortgage Corp. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
NewFed Mortgage Corp. partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and supporting.
- City of BostoncoreSupport for Boston's Co-Purchasing Housing Pilot Program, helping first-time homebuyers access affordable homeownership through city-sponsored co-purchasing initiative.
- LenderLogixsupportingPost-closing technology partnership to enhance borrower experience with closing gifts and follow-up services.
- Century 21 North EastcorePreferred lender partnership where Century 21 North East agents can direct homebuyers to NewFed Mortgage for the NewFed Edge discount program. Homebuyers working with Century 21 agents may be eligible for savings on closing costs.
- Century 21 IntegracorePreferred lender partnership providing NewFed Edge program benefits to homebuyers working with Century 21 Integra agents. Applicable products include Conventional, Conforming FHA, USDA, and VA loans.
- Century 21 The Hills RealtycorePreferred lender arrangement with buyer discount addendum for clients using Century 21 The Hills Realty agents.
- Coldwell Banker Town & Country PropertiescorePreferred lender partnership with Coldwell Banker brand offering NewFed Edge program benefits to qualifying homebuyers.
- CampusDoor by IncentersupportingStudent loan origination platform partnership offering in-school student loans and refinancing options for NewFed clients through CampusDoor's third-party platform.
- Incenter Tax SolutionssupportingProperty tax assessment services partnership offering free professional property tax reviews in all 50 states for NewFed borrowers.
- ServbankcorePayment processing partnership for mortgage servicing. Existing clients may receive new loan numbers from Servbank and access payment portal at myloan.servbank.com.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
NewFed Mortgage Corp. competitors and assessment
Company assessmentBroad incumbents
- NewRez (Rithm Capital): Large nonbank mortgage lender and servicer offering retail and wholesale origination across conventional, government, and specialty products. Comparable in operating model but significantly larger and more diversified than NewFed, particularly in servicing.
- United Wholesale Mortgage: Largest U.S. wholesale mortgage lender, dominating the broker channel that complements NewFed's retail model. A scaled incumbent that competes indirectly by aggregating loan officer demand that could otherwise flow to retail lenders like NewFed.
- loanDepot: Large national nonbank mortgage lender operating across retail, wholesale, and consumer direct channels with significantly greater scale. Overlaps with NewFed in conventional and government loan origination but competes through superior digital marketing and pricing flexibility.
- Rocket Mortgage: Largest U.S. direct-to-consumer mortgage lender with massive brand awareness, technology investment, and pricing power. Represents the most significant competitive threat in consumer-direct originations that NewFed addresses through its digital self-service platform.
Direct peers
- American Pacific Mortgage: Regional nonbank retail mortgage lender with branch-driven origination and broad product offerings including conventional, government, and specialty programs. Similar in size and operating model to NewFed's branch-based retail strategy.
- Fairway Independent Mortgage: Regional nonbank mortgage lender with branch-based retail origination across multiple states. Similar to NewFed in offering diversified residential products (conventional, FHA, VA, USDA, reverse) and competing on service quality rather than scale alone.
- Paramount Residential Mortgage Group: Mid-size nonbank mortgage lender with similar multi-state retail origination, diversified product suite, and partnership channel emphasis. Closely comparable to NewFed in scale, channel mix, and product positioning.
- Guild Mortgage: Multi-state retail mortgage lender with similar product breadth (purchase, refinance, government, specialty) and a comparable retail branch-led model. Comparable in being a nonbank originator leveraging retail loan officers and real estate partner relationships.
- Movement Mortgage: Nonbank retail mortgage lender with multi-state branch footprint, broad product portfolio, and culture-focused employer brand. Similar to NewFed in emphasizing mission-driven culture, loan officer relationships, and community engagement as competitive differentiators.
- CrossCountry Mortgage: Mid-size nonbank mortgage lender with similar multi-state retail origination model, broad product suite including conventional, government, and specialty loans, and strong loan officer-driven distribution. Comparable in scale, channel strategy, and product breadth to NewFed.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
NewFed Mortgage Corp. social profiles
Digital presenceNewFed Mortgage Corp. financial estimates
Financial estimateRevenue estimate
Valuation estimate
NewFed Mortgage Corp. leadership team
Management profileNumber of profiles
Profiles16 records
NewFed Mortgage Corp. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NewFed Mortgage Corp. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NewFed Mortgage Corp.
What does NewFed Mortgage Corp. do?
NewFed Mortgage Corp. is a family-owned mortgage lender that originates and services residential and commercial mortgage loans for consumers. Operating as a Fannie Mae/Freddie Mac seller-servicer and FHA-approved lender licensed across 20 states, it offers a comprehensive suite of mortgage products including conventional, FHA, VA, USDA, jumbo, renovation, non-conventional, HELOC, bridge loans, reverse mortgages, and commercial property financing, distributed through local loan officers, a digital self-service platform, and real estate partner referral channels.
Is NewFed Mortgage Corp. a public or private company?
NewFed Mortgage Corp. is a private company. It is classified as family owned and is currently operating.
When was NewFed Mortgage Corp. founded?
NewFed Mortgage Corp. was founded in 2004. It employs 11 to 50 people.
Where is NewFed Mortgage Corp. based?
NewFed Mortgage Corp. is headquartered in Danvers, United States, in the North America region.
How does NewFed Mortgage Corp. make money?
Three revenue lines are on record. Mortgage Origination Fees are the primary driver. The others are loan Servicing and partner Programs.
Who are NewFed Mortgage Corp.'s main competitors?
Broad incumbents on record are NewRez (Rithm Capital), United Wholesale Mortgage, loanDepot and Rocket Mortgage. Direct peers are American Pacific Mortgage, Fairway Independent Mortgage, Paramount Residential Mortgage Group, Guild Mortgage, Movement Mortgage and CrossCountry Mortgage.
Does NewFed Mortgage Corp. have an API?
No public API is recorded for NewFed Mortgage Corp..
What industry is NewFed Mortgage Corp. in?
NewFed Mortgage Corp.'s product category is Residential Mortgage Lending. Its primary akta.pro industry code is FSALAAAD, Purchase Mortgage Origination (Homebuyer Focused), with a secondary code of FSALAAAL, Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation). Its NAICS code is 522292 and its SIC code is 6162.