# Newfi Lending

> Newfi Lending is a national mortgage lender specializing in non-agency financing for self-employed borrowers, property investors, and other borrowers with complex financial profiles. It combines alternative income documentation, specialized loan products, and broker technology across retail, wholesale, and correspondent channels. Newfi reported more than $4 billion of loan production in 2025, up 61% year over year.

- **Founded:** 2014
- **Headquarters:** Emeryville, United States
- **Founders:** Steve Abreu (Founder and CEO), Michelle Constantine (Co-founder; Chief Risk Officer at the time of the 2021 majority-sale announcement)
- **Products:** Bank statement and self-employed mortgages, DSCR investment-property loans, 40-year and interest-only mortgages, Second mortgages, Jumbo mortgages
- **Notable:** Reported more than $4 billion in 2025 production, representing 61% year-over-year growth., Launched Income IQ in October 2025 inside the BLU broker portal., Newfi and Prudent AI report bank-statement analysis as fast as three hours versus roughly 72 hours previously.

## Products & services

- **Bank statement and self-employed mortgages** — Alternative qualification using approved bank statements, 1099 income, profit-and-loss documentation, or other eligible income records; bank-statement programs commonly review 12 to 24 months.
- **DSCR investment-property loans** — Purchase, refinance, and eligible cash-out financing based primarily on investment-property rental income, with credit, equity, reserve, and property requirements.
- **40-year and interest-only mortgages** — Extended-term options on eligible loans; the described 40-year interest-only structure has ten years of interest-only payments followed by amortization.
- **Second mortgages** — Home-equity borrowing through a separate lien without replacing an existing first mortgage, including eligible bank-statement options.
- **Jumbo mortgages** — Financing for larger loan amounts; current retail materials advertise amounts up to $3.5 million, subject to program criteria.
- **Conventional, FHA, and VA mortgages** — Traditional purchase and refinance options alongside the company’s specialty programs.
- **Income IQ in BLU** — Automated bank-statement analysis in the wholesale broker portal, introduced in October 2025; Prudent AI integration was publicly detailed in June 2026.
- **Correspondent loan purchasing** — Acquisition of eligible loans from lender partners, with delegated and non-delegated options depending on product.
- **W-2 to 1099 mortgage program** — A September 2026 explainer describes qualification for eligible workers moving to contractor income in the same field, with documented no-expense status and other underwriting conditions.

## Achievements

- Reported more than $4 billion in 2025 production, representing 61% year-over-year growth.
- Launched Income IQ in October 2025 inside the BLU broker portal.
- Newfi and Prudent AI report bank-statement analysis as fast as three hours versus roughly 72 hours previously.
- Company materials report four consecutive years of National Mortgage News workplace recognition through 2026.

## Latest updates

- **2026-09** — Published details of its W-2-to-1099 program for eligible workers continuing in the same field, including documentation and no-expense conditions.
- **2026-06** — Prudent AI integration publicly detailed, with reported bank-statement income-analysis turnaround reduced from around 72 hours to as little as three.
- **2026-02** — Announced more than $4 billion in 2025 loan production, 61% annual growth, and continuing interest in acquisitions and strategic investment.
- **2025-10** — Newfi Wholesale launched the Income IQ bank-statement analysis tool.
- **2025-01** — Expanded its Dunmor partnership with a minority equity investment; terms were undisclosed.

## Links

- Website: https://newfi.com/
- LinkedIn: https://www.linkedin.com/company/newfi-lending/
- Twitter/X: https://twitter.com/NexeraHolding

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Profile page: https://yespress.io/newfi-lending
Published by YesPress — https://yespress.io
Last updated: 2026-10-25