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 president Baron Silverstein on client retention and third-party servicing
Jan 25, 2025In this week’s PowerHouse episode, Newrez President Baron Silverstein dives into his company’s recent acquisitions and its growth strategy.
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Newrez’s roadmap for client retention with Baron Silverstein
Jan 23, 2025 -
Rithm expects ‘normalized’ refi levels to return after Q3 spike
Oct 30, 2024 -
The mortgage industry is hiring again – but on different terms
Sep 25, 2024 -
Rithm will publicly offer up to 34.5M shares of common stock
Sep 24, 2024 -
The next battle in mortgage servicing is about to begin
Aug 26, 2024 -
Rithm‘s Nierenberg says firm is not in a ‘race‘ to grow MSRs
Jul 31, 2024 -
Baron Silverstein on Newrez’s AI journey and the call center question
Jul 26, 2024 -
Newrez imposes another round of layoffs
Jul 08, 2024 -
Rithm Capital closes deal with Great Ajax
Jun 11, 2024 -
Newrez to lay off 317 employees in Colorado
Jun 07, 2024 -
Newrez cuts jobs after concluding Computershare acquisition
May 08, 2024
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