eXp Realty and Newrez Unveil Revenos Mortgage Joint Venture

GlobeNewswire··US·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

eXp Realty and Newrez have unveiled Revenos Mortgage, powered by Newrez, a new mortgage joint venture designed to serve eXp Realty agents and their clients. Announced at eXpcon in Salt Lake City, the venture brings together eXp's national brokerage scale and agent network with Newrez's mortgage expertise and servicing capabilities in what the companies describe as a first-of-its-kind relationship at this scale. eXp Realty is the core subsidiary of AGNT, Inc., which trades on Nasdaq under the ticker AGNT, while Newrez is a top five nonbank mortgage lender and primary mortgage servicer and a Rithm Capital Corp. company, with Rithm listed on the New York Stock Exchange under the ticker RITM. Leo Pareja, CEO of eXp Realty, said the agent-client relationship is what matters most in a real estate transaction and that Revenos Mortgage is being built around it, while Baron Silverstein, President of Newrez, called the venture the next evolution of the company's local market strategy. The two companies are working to integrate their platforms ahead of a planned launch of Revenos Mortgage in early 2027, with additional details to be shared in the coming months.

Impact on assets 2

Real Estate▲
eXp World Holdings, Inc.
AGNT
▲ PositiveDemandrelevance

eXp Realty launches Revenos Mortgage JV to serve its agents and clients, adding a mortgage offering to its brokerage network.

Financials▲
Rithm Capital Corp.
RITM
▲ PositiveCapitalrelevance

Newrez, a Rithm Capital company, forms a mortgage joint venture with eXp Realty, expanding its lending/servicing reach.

Off-coverage companies 1

Revenos Mortgagei
Private± Mixedrelevance