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Barry Newhart

Chief Executive Officer at Bright Financial Group

Barry Newhart is the manager of six mortgage brokerages operating in Allentown, PA, including Bright Financial Group, LLC.13 He is also the owner of Newhart Holdings, LLC, which solely owns Conquest Holdings, LLC.1 Conquest Holdings, LLC, directly owns Nittany Home Loans, LLC, MCT Financial, LLC, and Conquest Mortgage, LLC.1 It also owns LMP Management, LLC; Mortgage Affiliated Services Group, LLC; and Home Lending Partners, LLC, which own and control Legacy Mortgage Partners, Bright Financial Group, LLC, and Flagship Home Loans, LLC.1

In January 2025, Pennsylvania Attorney General Michelle Henry filed a lawsuit against Newhart and his brokerages, alleging a kickback scheme involving real estate agents being offered incentives in exchange for referring their clients to Newhart's mortgage brokerages.12 These incentives included sporting event tickets, expensive dinners, and profit distributions disguised as stock sales.123 The lawsuit alleges that Newhart and the other defendants potentially spent up to $1 million on these kickbacks.1 According to the complaint, without the "guaranteed flow of referrals" from real estate agents, the brokerages would not have been able to operate as profitable businesses.1

Highlights

Feb 5 · imdb.com
Barry Kemp - IMDb
Six Mortgage Brokerages Sued Over Alleged Kickback Scheme
Six Mortgage Brokerages Sued Over Alleged Kickback Scheme
Jan 23 · respanews.com
Pennsylvania AG files complaint against mortgage brokers alleging ...
State AG charges mortgage broker with RESPA violation
Attorney General Henry Files Lawsuit Against Mortgage Brokers ...
Dec 14 · imdb.com
Barry Kemp - Biography - IMDb
Mortgage Loan Officer - Bright Financial Group | Lanark PA
Mortgage Loan Officer - Bright Financial Group | Lanark PA
Jul 1 · foriowa.org
DAA Awardee: Barry M. Kemp | University of Iowa Center for ...
Nov 5 · en.wikipedia.org
Barry Kemp (TV producer) - Wikipedia

Related Questions

What is Barry Newhart's background before joining Bright Financial Group?
How did Barry Newhart become involved in the mortgage industry?
What are the allegations against Barry Newhart in the kickback scheme?
How has Barry Newhart responded to the lawsuit against him?
What is the current status of the lawsuit against Barry Newhart and Bright Financial Group?
Barry Newhart
Barry Newhart, photo 1
Barry Newhart, photo 2
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Location

Emmaus, Pennsylvania, United States