Newrez Servicing Division Receives Master Servicer Recognition from Morningstar DBRS
September 05 2024 - 2:24PM
Business Wire
Newrez LLC (“Newrez”) is proud to announce that Morningstar DBRS
has recognized Newrez’s Master Servicing division (NMS) as an
acceptable master servicer for Morningstar DBRS rated transactions.
This acknowledgment reflects the strength and capability of NMS in
reliably managing master servicing responsibilities.
Newrez LLC, a subsidiary of Rithm Capital Corp. (Rithm),
operates its master servicing, mortgage origination, and servicing
platforms with a strong commitment to compliance and quality
assurance. NMS utilizes Newrez’s established infrastructure,
ensuring a comprehensive approach to risk management and client
servicing.
As of April 30, 2024, NMS performs master servicing for more
than 14,000 loans with an aggregate outstanding principal balance
of approximately $1.7 billion for six primary servicers. The master
servicing portfolio includes seasoned, non-qualified mortgage, and
second lien loans.
Through its advanced technology, NMS effectively manages master
servicing requirements and maintains a high standard of quality
control. This recognition from Morningstar DBRS further solidifies
Newrez’s position as a leader in the mortgage servicing
industry.
About Newrez LLC
Newrez is a leading mortgage servicer and lender dedicated to
providing a customer-first experience and helping homeowners make
smart moves throughout their homeownership journey. Newrez offers
industry-leading servicing capabilities for owned MSRs and for
third-party clients, as well as a robust origination model with
presence in the retail, wholesale, correspondent, and consumer
direct verticals. Newrez’s mission is to champion homeownership –
the company helps clients achieve their homeownership goals through
a wide array of products and services. Newrez was established in
2008 and is headquartered in Fort Washington, PA.
For more information, please visit www.newrez.com.
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christian.wilson@newrez.com 2144367103