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
Fannie Mae unveils $997M reperforming loan offering
Aug 12, 2022Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million.
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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 -
Freddie Mac rolls out $1.8 billion CRT note offering
Apr 08, 2022 -
NewRez origination profits decline 43% in Q4
Feb 08, 2022 -
NewRez lays off 386 following Caliber acquisition
Feb 08, 2022 -
New Residential already seeing the benefits of Caliber deal
Nov 02, 2021 -
Why brokerages and mortgage lenders are rushing into JVs
Oct 25, 2021 -
New Residential scoops up fix-and-flip lender
Oct 11, 2021 -
NewRez, Shelter Mortgage talk joint ventures
Jul 02, 2021
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