Rick Scherer’s passion for mortgage lending was sparked at a young age when he witnessed firsthand the impact a dedicated loan officer had on his mother’s journey to homeownership. “She worked three jobs and was on welfare, yet her loan officer guided her with care, making her feel comfortable and helping her achieve this major milestone,” he recalls. That experience inspired Scherer to pursue a career where he could make the same life-changing impact on others.

With over 22 years in the industry, Scherer now serves as chief strategy officer at NewFed Mortgage, guiding the company’s vision and strategy for growth. His leadership philosophy is built on his personal motto: “Doing the right thing is always the right thing.” Integrity, proactive problem-solving and a commitment to exceptional service are the foundation of his approach.

Scherer joined NewFed Mortgage alongside his sales team from OnTo Mortgage. While he leads his team, helping them grow their own businesses, he continues to originate loans himself. “Staying active in loan origination allows me to recognize challenges firsthand and support my team in overcoming them,” he explains. By leveraging collective strengths, he ensures that every client receives a seamless and rewarding experience.

Beyond his work in mortgage lending, Scherer is actively involved with HomeStart, a nonprofit dedicated to preventing and ending homelessness.  He will also be doing his sixth PAN MASS bike ride to raise money for Dana Farber.  An avid skier, golfer and boater, he values time outdoors to recharge and stay balanced. Scherer lives in Metrowest with his wife and two children.