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Chip Newman

Senior Loan Officer, NMLS# 20380

Bio

An industry veteran, Chip Newman has helped over 3,700 families with mortgage financing totaling over 1.15 billion dollars since 2001. More remarkable, all of Chip’s borrowers have been introduced to him by referrals from satisfied clients.

Chip and his team at Leader Bank are focused on providing the best rates and best overall borrower experience on every transaction. Chip takes great pride in responding to clients quickly whether by phone, text, or email. Chip’s strategy has been simple for the past 22 years – treat every client as he would want to be treated. Above all else, Chip is a compassionate advocate for his clients. Chip is available 7 days a week from 7AM to 9PM.

Leader Bank is recognized as the premier residential lender in Massachusetts and was the #1 home purchase lender by volume in Massachusetts in 2022. Leader Bank is currently licensed to lend in 48 states.

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“I want my clients to feel that the whole mortgage process was effortless for them.”

Chip with clientsChip with many clients

 

NMLS#
# 20380

Needham Loan Office
160 Gould Street, Suite 205
Needham, MA 02494

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Chip Newman as fantastic. Not only did he drop everything on a Sunday afternoon to get us pre-approved in time to put an offer in on our new home, but he took the time on every phone call to explain all the details to us. He was always available when we needed him and he made this process go smoothly. Couldn't have done it without him!

Megan Merritt

Chip has been exceptionally agile and prompt. He helped me a lot in getting everything together, getting approvals, working with multiple parties behind the scenes - overall making the process swift, painless and streamlined. Not to mention the loan closed in record time.

Sundar Ranganathan

My mortgage was initiated and completed in the unbelievable time frame of 2 weeks! I was leaving the country and it had to be completed. Chip and his team moved heaven and earth to get this done.

Chip was extremely knowledgeable regarding rates and structure and very candid regarding the process and what was occurring throughout the period. We spoke with other mortgage providers, many whom I have known for years. Chip stood out with his candor, knowledge and amazing responsiveness. He was always available to answer questions and troubleshoot. I also respected the fact that he did not over promise, but was able to deliver completely.

Again, it was a flawless experience and I cannot recommend Chip enough

Karen Zelden

My experience was very pleasant and relatively stress-free. The information I received from Chip Newman was straightforward and clear, so I didn't feel confused about the process at all. I had friends going through the process at the same time and they had horror stories. I felt I could ask Chip questions at any point during the process and he was quick to respond and provide me with answers. Overall it was a great experience

Lindsay Beatrice

Explore the Loan Process

Learn

Learn all you can about the loan process and ask lots of questions.

Apply for Loan

Complete, review, and submit your application. This will set the process in motion.

Connect with a Loan Officer

Your loan officer will reach out to you and review your application with you.

Credit Check & Prequalification

We will assess your credit, income, and assets to quickly determine what loan(s) you qualify for.

Documentation

Paperwork is still a big part of the loan process. We will email you forms to sign and a checklist of documents we’ll need.

Rate Lock & Appraisal

Once we’ve discussed the loan amount, the type of loan, and the rate that’s best for you, it’s time to lock in your rate and order your appraisal.

Underwriting & Approval

Our underwriting team will review and issue a decision detailing any conditions necessary for final loan approval.

Clear to Close

Once we have cleared necessary conditions our underwriting and closing team will make final preparations to close.

Closing

Loan documents are delivered to the closing attorney. The attorney will contact you to arrange a signing.

Funding

Once the signed documents are returned and reviewed, the closing attorney will request a wire transfer of the loan funds.

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