According to HousingWire, eXp Realty and Newrez have announced a new mortgage joint venture called Revenos Mortgage that will officially begin operations in January 2027. This partnership comes about a month after eXp wound down its previous lending venture with Kind Lending called Success Lending, which had been losing money. Leaders at both companies felt it was important to find the right fit, and they ultimately decided Newrez was the right partner based on the people involved and their shared vision for the future.
What really attracted eXp to Newrez was the breadth of what the lender brings to the table. Newrez operates across all origination channels, has a substantial servicing portfolio, connections to single family rental operations through its parent company, and offers a wide range of mortgage products. They also work with hundreds of down payment assistance programs across the country, which eXp sees as a powerful tool for helping agents close deals with buyers in different financial situations. Once the joint venture launches, eXp's name and logo will appear on all Newrez servicing statements, giving the brokerage ongoing visibility with homeowners.
Beyond just the lending products themselves, both companies view this partnership as an educational opportunity for real estate agents. The leadership team wants to help agents become more knowledgeable about mortgage and lending so they can have better conversations with loan officers and better serve their clients. However, they're clear that they're not pushing agents to become dual licensed as loan officers. Instead, the focus is on helping agents understand the lending side well enough to enhance their client relationships and ultimately grow their own business.
Newrez has already made a team of loan officers available to eXp agents who want to test drive the lender before the official joint venture launch in January 2027. The company's leadership emphasized that they work with over 6,000 lending partners and clients, and they understand that eXp is entrusting them with their customers and their business. They're focused on building a platform that offers transparency and clarity so agents and their clients always know what's happening with their loans.
What I'm seeing locally here in the Bay Area and across the East Bay is that these kinds of partnerships between large brokerages and lenders are becoming more important as the market tightens and agents look for every possible advantage to help their clients buy and sell. When a brokerage like eXp can offer not just real estate services but also integrated lending solutions with down payment assistance programs and agent education, it changes how agents can compete and serve their communities. For our buyers and sellers, having more lending options and better informed agents ultimately means smoother transactions and better outcomes.
