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
Rithm Capital to issue $775M in unsecured debt
Mar 04, 2024Company will also purchase up to $275 million of senior unsecured notes due in 2025.
-
Newrez partners with Newzip to court more homebuyers
Feb 28, 2024 -
Rithm Capital announces deal with Great Ajax Corp.
Feb 27, 2024 -
Newrez sues former employee for soliciting senior executives to join competing lender
Feb 26, 2024 -
Rithm Capital delivers $533M profit in 2023
Feb 07, 2024 -
NewRez restructures retail division, cuts senior managers
Feb 01, 2024 -
Rithm Capital completes acquisition of Sculptor
Nov 17, 2023 -
With increased offer, Rithm now expected to close on Sculptor
Oct 27, 2023 -
Rithm delivers $194M profit in Q3 amid M&A deals
Oct 26, 2023 -
Baron Silverstein talks about the importance of customer service
Oct 17, 2023 -
Rithm increases to $676M its offer to acquire Sculptor
Oct 12, 2023 -
HousingWire Annual: NewRez’s Silverstein explains Computershare acquisition strategy
Oct 11, 2023
