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
Newrez launches mortgage JV with Georgia-based Keller Williams franchise
Oct 03, 2023Newrez has launched a joint venture mortgage company Onward Home Mortgage in partnership with Keller Williams Georgia Legacy Group.
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Rithm to acquire MSR player Computershare Mortgage Services for $720M
Oct 02, 2023 -
Sculptor rejects higher bid, still prefers Rithm’s deal
Aug 31, 2023 -
Rithm delivers big profit in Q2, starts mortgage biz spin-off
Aug 02, 2023 -
Rithm to acquire Sculptor Capital for $639M
Jul 24, 2023 -
Rithm Capital buys $1.4B in consumer loans from Goldman Sachs
Jul 20, 2023 -
NewRez now offers Freddie Mac’s revamped downpayment assistance program
May 08, 2023 -
Rithm Capital might spin off its mortgage biz
May 04, 2023 -
Rithm Capital expands to Europe, hires former BofA exec to lead
Apr 04, 2023 -
Rithm, in ‘conservative mode,’ delivers $865M profit in 2022
Feb 08, 2023 -
HW+ Member Spotlight: Chris Mozilo of Newrez
Dec 30, 2022 -
In a brutal market, lenders seize on correspondent
Dec 12, 2022
