FORT WASHINGTON, Pa.--(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.
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Contacts
christian.wilson@newrez.com
2144367103