Key facts
- Synergy One Lending, a division of American Pacific Mortgage (APM), will acquire Newrez's distributed retail mortgage business.
- The agreement extends an existing partnership and reshapes both companies' retail strategies.
- Newrez will continue to operate through its wholesale, correspondent, consumer direct, and joint venture channels.
- Synergy One Lending is licensed in 49 states and employs 540 people across 65 branches.
- APM, following its merger with Synergy One, ranks No. 29 among U.S. lenders with approximately $5.1 billion in mortgages produced since the start of 2026.
Synergy One Lending, a division of American Pacific Mortgage (APM), is set to acquire the distributed retail mortgage operations of Newrez under a new strategic agreement. This move expands Synergy One's national retail presence by integrating Newrez's personnel and operations into its existing platform, which was recently bolstered by a merger with APM.
The transaction is expected to increase Synergy One's national footprint, adding branches and originators at a time when many lenders are reassessing their physical networks due to market pressures. Synergy One currently operates in 49 states, employs 540 individuals, and manages 65 branches.
Newrez, a subsidiary of Rithm Capital, views this divestiture as a strategic redeployment of capital and resources. The company plans to concentrate on its joint venture partnerships and its localized Newrez Direct strategy, segments it identifies as having the strongest long-term growth potential. Newrez will continue its origination activities through wholesale, correspondent, consumer direct, and joint venture channels.
Aaron Nemec, division president of Synergy One Lending, expressed enthusiasm for the deal, highlighting the strength of Synergy One's retail platform and welcoming the incoming team. Newrez President Baron Silverstein echoed this sentiment, emphasizing confidence in Synergy One as a partner and the company's focus on future growth opportunities.
This strategic shift follows Synergy One's recent merger with APM. The mortgage industry continues to navigate challenges posed by persistent high interest rates and elevated origination costs, leading lenders to make deliberate choices about their operational focus. Newrez's decision to exit distributed retail in favor of JVs and direct-to-consumer efforts, contrasted with Synergy One's commitment to traditional retail, illustrates differing approaches to capturing future home purchase business.