Warburg Pincus Invests in Nexera Holding dba Blustream Lending

Blustream Lending News

Nexera Holding LLC dba Blustream Lending, a technology-enabled residential mortgage lender, today announced that funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing, have agreed to make a significant growth investment in the company. The investment will be used to further advance Nexera’s technology platform and accelerate its expansion plans. Terms of the transaction were not disclosed.

Founded in 2014 by Steve Abreu and a team of industry veterans, Nexera is focused on building business channels that combine proprietary technology, an efficient operating model, and a personal touch to reshape the way customers shop for and close a mortgage. Nexera operates under two national brands: Newfi for consumer-direct business and Blustream for wholesale lending. Newfi is a 5-star rated lender that simplifies borrowing and reduces costs through its secure and streamlined mortgage lending technology. Blustream is focused on providing its wholesale partners with consistently low pricing and a growing range of innovative lending products.

“We are proud to have Warburg Pincus behind our effort to build a premier lending platform that will uniquely drive diverse mortgage products across multiple business channels,” said Nexera CEO Steve Abreu. “Our focus has been to transform the mortgage process while driving operating discipline and profitability. With this investment, we now have the backing to scale those fundamentals nationally.”

“Steve and the team at Nexera are disrupting the traditional mortgage market by building a next-generation origination platform that simplifies the mortgage process end-to-end for customers, providing lower costs and faster processing,” said Eric Friedman, Principal, Warburg Pincus. “We are pleased to partner with Nexera’s management team and leverage their deep industry experience to build an innovative mortgage business of scale.”

About Nexera Holding dba Blustream Lending
Nexera Holding is a multi-channel lender that is setting the standard for efficiency, transparency, and service in the mortgage marketplace. Founded by industry veterans, Nexera is committed to innovation in lending products for both consumers and mortgage brokers under the Newfi and Blustream brands. For more information, visit www.nexeraholding.com. To learn more about Newfi and explore rates, visit www.newfi.com. To learn more about Blustream, visit www.blustream.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm’s active portfolio of more than 130 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 16 private equity funds, which have invested more than $58 billion in over 760 companies in more than 40 countries. For more information please visit www.warburgpincus.com.

New Yellowstone Jumbo Loan Program

Blustream Lending News, Products

New for 2017: The Yellowstone Jumbo Loan Program

Wholesale Jumbo Loan Program Flyer

Click Here for a PDF of the Yellowstone Jumbo Flyer

  • Loans up to $2 million with FICO of 700+
  • VERY competitively priced
  • Significant price improvement for purchase money loans


  • 0.25% rate improvement if borrower signs up for autopay


  • Qualify using primary wage earner’s middle credit score
  • Investment properties OK
  • 100% gift funds for down payment & closing costs OK at <= 80% LTV/CLTV
  • Non-permanent resident aliens OK

How does Yellowstone Jumbo compare to the Denali Non-QM Jumbo?

Yellowstone is a standard jumbo product providing our most competitive rates. Denali is a non-QM program that permits higher LTVs (up to 95%!) and also provides an option for a 40-year terms with a 10-year, interest-only options. Read more about the Denali Jumbo & Non-QM Loan Program.

For more information

Check out the product guidelines or call the Blustream team at 888-415-1620!

Check out our other wholesale loan products!

Get Discounted LPMI Pricing

Blustream Lending News

  • Great discounted LPMI pricing!
  • Can provide lower initial monthly payments than monthly borrower paid MI!
  • Avoids additional monthly MI payment by borrower!
  • Scores as low as 640!
  • Primary Residence OR Second home!
  • No price adjustments for High Balance loans!

Olympic 1st and 2nd Piggyback

Blustream Lending News, Products

Borrowers who use Blustream Lending’s Olympic Piggyback can obtain jumbo loan amounts while still getting agency pricing.

What’s exciting about the Piggyback?

  • Avoid cash out pricing & LTV limits on 1st mortgage – take the cash on the 2nd!
  • Avoid mortgage insurance!

Piggyback Loan Flyer

Click Here for a PDF of the Olympic Piggyback Flyer

Product highlights

  • 80/10/10 Purchase or Rate & Term
  • Cash out to 90% CLTV
  • 1st Mortgage Standard or High Balance Conforming
  • 2nd Loan Amounts: $25,000 – $250,000
  • Overlays to FNMA DU:
    • Max 43% DTI
    • Minimum 700 Credit Score
  • 1st Mortgage Terms Offered:
    • Fixed: 10, 15, 20, 30 Years
    • ARMs: 5/1 And 7/1
  • 2nd Mortgage Terms Offered: 15 or 30 Years
  • Primary Residence or Second Home
  • Fully Delegated, and both loans UW concurrently

For more information

See the latest guidelines, or call the Blustream team at 888-415-1620!

Check out our other wholesale loan products!

TRID Overview

Blustream Lending News

Blustream Lending is updating its procedures to comply with the new TRID rules.

Actions Taken by Broker:


Click the image for a PDF version of the TRID Overview flyer.

  • Broker completes Loan Application
  • Uploads 3.2 to portal
  • Selects product and price
  • Inputs fees to portal*
  • Clicks “Issues Disclosure” within portal*
Actions taken by Blustream Lending:
  • Verifies fees are accurate *
  • Contacts broker for any fee corrections needed
  • Issues initial disclosures to borrower *
Additional TRID Information:
  • Blustream will issue initial disclosures, including the LE
  • 0% variance on fees: “cannot shop for”, Appraisal, Affiliated Provider & Transfer Tax
  • LE must be delivered by Blustream Lending within 3 business days of the application date on the 1003
  • Closing Disclosure must be received by borrower 3 business days prior to closing doc date.

* New to the process