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 cuts jobs after concluding Computershare acquisition
May 08, 2024Newrez informed Florida and Colorado authorities of layoffs that will impact 123 employees beginning in July
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Rithm delivers $261M profit in Q1, continues to evaluate mortgage biz spinoff
Apr 30, 2024 -
Rithm Capital restructures CEO’s pay into incentive-friendly deal
Mar 19, 2024 -
Former Newrez head of marketing Bijoy John joins Guaranteed Rate
Mar 06, 2024 -
Former Caliber CEO Sanjiv Das joins Two Harbors board
Mar 05, 2024 -
Rithm Capital to issue $775M in unsecured debt
Mar 04, 2024 -
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
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