Newrez LLC Market Research Report

Company Overview

• Name: Newrez LLC

• Mission: Champion homeownership by providing a customer-first experience and offering a wide array of products and services to help clients achieve homeownership goals.

• Founded: 2008

• Headquarters: 601 Office Center Drive, Suite 100, Fort Washington, Pennsylvania, 19034

• Number of Employees: No information available

• Revenue: No information available

• Key People:

• Baron Silverstein, President

• Bob Johnson, Head of Originations

• Shane Ross, Head of Servicing

• Dart Budz, Chief Financial Officer

• Gena Coursen, Chief Administrative Officer

• Julie Raisch, Chief Strategy Officer

• Spencer Mosness, Chief Legal & Risk Officer

• Felicia Grumet, Chief Operating Officer

• Denise Arguello, Chief People Officer

• Matthew Cluney, Chief Marketing Officer

• Known For: Being a leading mortgage lender and servicer, offering industry-leading servicing capabilities for owned MSRs and third-party clients, and a robust origination model.

Products and Services

Offerings:

1. Buy a Home

• Description: Assists customers in purchasing a home with various mortgage options and services.

• Key Features:

• Rate locking

• Up to $1,000 discount on closing costs

2. Refinance

• Description: Allows homeowners to refinance their existing mortgages to leverage lower rates or change mortgage terms.

• Key Features:

• Access to cash at lower rates

• Various refinancing options including rate and term refinancing

3. Home Equity Loans

• Description: Provides loans based on the equity of the homeowner's property.

• Key Features:

• Cash out for personal needs

• Second mortgage options available

4. Online Loan Management

• Description: Provides a platform for customers to manage their loan accounts online.

• Key Features:

• Check balances

• Make payments

• Download statements

• Track loan status

Recent Developments

• New Products: No information available

• New Features:

• Launch of Newrez Home Rewards to save borrowers time and money

• Partnerships and Initiatives:

• Rithm Capital, the parent company, and Newrez pledged $500,000 to support disaster relief efforts in the wake of Hurricanes Helene and Milton.

• Corporate sponsorship of the SOULSHINE concert aimed at aiding relief efforts.

• Awards and Recognitions (2024):

• Chief Financial Officer, Dart Budz, received the HousingWire 2024 Insiders Award.

• Newrez's loan originators were recognized by NAHREP®.

• Received PRISM Award for their support of LGBTQ+ employees.

• Swept all four eligible Military Friendly® awards for the second consecutive year.

The above information consolidates the available data on Newrez LLC, providing insights into their operations, products, and recent strategic initiatives. No additional information was available for certain sections such as employee count or revenue.