New Penn Financial Announces Chief Operating Officer

PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--National mortgage lender New Penn Financial, LLC today announced that Brian Simon has joined the company as Chief Operating Officer.

“He thrives in rapidly growing organizations, so we have a great fit.”

Simon will focus on optimizing operations and systems – ensuring that New Penn is using the most efficient, effective, and thorough processes supported by the best technologies.

In his 18 years prior to joining New Penn, Simon helped grow Caliber Funding (as CEO), Freedom Mortgage (as COO), and Prime Financial (as EVP). An expert in process re-engineering and technology deployment, he, for example, helped Freedom Mortgage build its business to over $1 billion per month in mortgage originations.

“We are thrilled to welcome Brian to the New Penn team,” said President and CEO Jerry Schiano. “He thrives in rapidly growing organizations, so we have a great fit.”

New Penn’s growth was confirmed by the company’s inclusion in the Inc. 500 list for 2012, ranking 310 on Inc.’s annual list of the fastest growing private companies in the U.S.

Simon said, “I’m pleased to join a company that has such a clear understanding of how to succeed. New Penn delivers what the marketplace wants: low mortgage rates, responsive service and a broad range of products that meet the needs of more borrowers.”

About New Penn Financial

New Penn Financial has become a leading nationwide lender by bringing expertise, extremely competitive rates on a broad portfolio of mortgage products, and exceptional customer service under one roof. Founded in 2008, and licensed in 42 states, the company and its reputation have grown rapidly under the guidance of a management team with years of experience in the mortgage industry. New Penn is headquartered in Plymouth Meeting, Pennsylvania and operates 30 branch offices nationwide. New Penn is a Shellpoint Partners company. Shellpoint is a well-capitalized specialty finance company led by a veteran management team. More information is available at www.newpennfinancial.com.