NewRez
NewRez, originally called New Penn Financial, is a mortgage originator and servicer that was founded in 2008 and is headquartered in Fort Washington, Pennsylvania. Licensed to lend in 49 states, NewRez operates multiple lending channels, including Correspondent, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners.
NewRez’s servicing division consists of its performing loan servicing division, NewRez Servicing, as well as its special servicing division, Shellpoint Mortgage Servicing. NewRez also has several affiliates that perform various services in the mortgage and real estate industries.
The parent company of NewRez, New Residential Investment Corporation, acquired Caliber Home Loans in August 2021, combining NewRez and Caliber platforms into a premier financial services company.
Latest Posts
Freddie Mac rolls out $1.8 billion CRT note offering
Apr 08, 2022Freddie Mac has unveiled its third credit risk transfer offering of the year through its Structured Agency Credit Risk (STACR) program. This latest transaction will bring the total note issuance so far in 2022 through STACR to $5.1 billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion.
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NewRez origination profits decline 43% in Q4
Feb 08, 2022 -
NewRez lays off 386 following Caliber acquisition
Feb 08, 2022 -
New Residential already seeing the benefits of Caliber deal
Nov 02, 2021 -
Why brokerages and mortgage lenders are rushing into JVs
Oct 25, 2021 -
New Residential scoops up fix-and-flip lender
Oct 11, 2021 -
NewRez, Shelter Mortgage talk joint ventures
Jul 02, 2021 -
NewRez to acquire Caliber in $1.7B deal
Apr 14, 2021 -
In a super-low rate environment, how can lenders get purchase loans done without putting refis on the back burner?
Aug 18, 2020 -
NewRez looking to hire 750 positions in origination division
Aug 14, 2020 -
2020 HW Woman of Influence: Debbie Knotts
Aug 03, 2020 -
Lenders, servicers zero in on recapture as refinances soar
Jul 27, 2020
