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
Rithm Capital might spin off its mortgage biz
May 04, 2023Rithm Capital is considering spinning off the mortgage division to aid its stock, which executives described as extremely undervalued.
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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 -
JPMorgan Chase gets into the DSCR MBS game
Nov 28, 2022 -
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
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