Newrez bets on AI with strategic investment in startup HomeVision
Top 5 lender and loan servicer says it's already using HomeVision's AI tech to evaluate collateral and will expand its capabilities to create an automated end-to-end underwriting platform
by Matt Carter Jan 7
Chimera boosts non-QM presence with HomeXpress acquisition
New York City-based REIT will pay $120M in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08M shares in Chimera valued at $27.9M
by Matt Carter Jun 12
Newrez parent company Rithm raising up to $391M in offering
Proceeds from sale of up to 34.5M shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment
by Matt Carter Sep 25
3rd round of layoffs at Newrez brings 2024 job cuts to 750
After cutting nearly 500 jobs following Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida
by Matt Carter Jul 9
Newrez laying off nearly 500 workers after Rithm acquisitions
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4B in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending
by Matt Carter Jun 11
Big Keller Williams franchise group launches mortgage JV with Newrez
One of Keller Williams Realty's biggest franchise groups, Georgia Legacy Group, partners with national mortgage lender and servicer Newrez to launch a joint venture, Onward Home Mortgage
by Matt Carter Oct 3