Newrez is a leading mortgage company that combines mortgage origination and servicing to provide a customer-first journey and help our customers make smart moves throughout the lifetime of their mortgage loans. Differentiated by its origination platform, the Company provides customers with unparalleled lending options to purchase and refinance.
Who owns Newrez?
Newrez LLC was founded in 2007 and its current CEO is Baron Silverstein. Newrez LLC (Newrez) is a leading nationwide mortgage lender and servicer. As a lender, Newrez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Newer is headquartered in Fort Washington, Pennsylvania, and is a member of the Rithm Capital Corp. family.
NewRez agreed to acquire Caliber in a deal valued at $1.675 billion in April and closed the deal in August. The deal came together after the previous owner, private equity firm Lone Star Funds, failed to take Caliber public due to instability in the market. NewRez was also considering an IPO of its mortgage division after a difficult 2020.
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