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
With increased offer, Rithm now expected to close on Sculptor
Oct 27, 2023New York-based Rithm Capital has received the approval of Sculptor’s founder Daniel S. Och and his group to acquire the firm.
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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 -
Newrez launches mortgage JV with Georgia-based Keller Williams franchise
Oct 03, 2023 -
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
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