Felicia Grumet serves as the chief financial officer at Newrez, a mortgage company based in New York. With more than 25 years of experience in financial services, Grumet joined Newrez in 2024 initially as chief operating officer before transitioning to chief information officer. In that role, she played a key part in developing the company’s technology platform and organization, focusing on enhancing both employee and homeowner experiences and establishing capacity for future growth. Her efforts in driving transparency, accountability and performance within the technology division led to her promotion to CFO.
During her tenure as CIO, Grumet advanced digital initiatives that improved the customer and employee experience while supporting Newrez’s cost leadership strategy. She is recognized for building and mentoring high-performing teams, leveraging her extensive background from positions at Bank of America and Bear Stearns to support business growth and sustained financial performance. Grumet is actively involved in leadership and empowerment initiatives, including serving on the Cornell SC Johnson College of Business Leadership Council and participating in Newrez’s women’s empowerment group, the DREAM Alliance.
She has contributed significantly to key projects such as the launch of Newrez’s digital HELOC, which streamlined the origination process and improved customer interactions. She also played an important role in advancing the company’s artificial intelligence (AI) efforts, particularly expanding the proprietary AI platform, Rezi. Her work has helped align technology resources with strategic priorities to support Newrez’s ongoing growth and operational stability.
Name:
Felicia Grumet
Title:
Chief Financial Officer
Company Name:
Newrez
