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
JPMorgan Chase gets into the DSCR MBS game
Nov 28, 2022JPMorgan Chase will soon be issuing its first non-prime MBS secured exclusively by investor loans that are underwritten based on rental income.
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NewRez adds temporary rate buydown options for non-QM borrowers
Nov 16, 2022 -
These mortgage lenders are making major job cuts as production plummets
Nov 10, 2022 -
Rithm delivers $124.5M Q3 profit, announces acquisition
Nov 02, 2022 -
NewRez debuts 40-year non-QM mortgage product
Sep 06, 2022 -
UWM enters the HELOC space
Aug 24, 2022 -
Who’s positioned to capitalize on Wells Fargo’s mortgage retreat
Aug 16, 2022 -
Fannie Mae unveils $997M reperforming loan offering
Aug 12, 2022 -
New Residential makes another round of layoffs
Jul 06, 2022 -
LOs and brokers, are you prepared for an evolving workforce?
May 25, 2022 4:29 pm -
Servicing portfolio gains propel Newrez Q1 profits to $690M
May 03, 2022 -
Some lenders won’t survive the purchase mortgage market of 2022
Apr 14, 2022
