Who took over Shellpoint Mortgage Servicing?
Table of Contents
Who took over Shellpoint Mortgage Servicing?
New Residential Investment Corp.
Shellpoint is proud to be part of NewRez LLC (“NewRez”). NewRez is owned by New Residential Investment Corp. (NYSE: NRZ), a publicly traded REIT that invests in and actively manages residential real estate investments.
What bank does Shellpoint mortgage use?
About NewRez LLC. NewRez is a leading nationwide mortgage lender and servicer.
Why was my mortgage sold to Shellpoint?
Why was my mortgage transferred to you and what does it mean? It means that your previous servicing company has sold the servicing rights on your mortgage to another company.
Did Shellpoint mortgage get bought out?
(NYSE:NRZ; together with its subsidiaries, “New Residential” or the “Company”) announced today that it has closed the previously announced acquisition of Shellpoint Partners LLC (“Shellpoint”), a vertically integrated mortgage platform with established origination and servicing capabilities.
What was NewRez before?
One mortgage lender making a big splash of late is NewRez, short for New Residential Investment Corp. Thanks to their 2019 acquisition of Shellpoint Partners LLC, which was the parent company of New Penn Financial, they now have a robust loan origination platform to flank their expansive loan servicing business.
When did NewRez buy Shellpoint?
July 2018
About Shellpoint Mortgage Servicing SMS is proud to be part of the NewRez corporate family—a diversified and vertically integrated group of residential mortgage-banking companies based in Fort Washington, PA. In July 2018, the entire NewRez corporate family was acquired by New Residential Investment Corp.
Is Ditech now Shellpoint?
“The acquisition of these origination and servicing operations from Ditech, in addition to those already operated through NewRez and Shellpoint Mortgage Servicing, will further our position as an industry leading originator and servicer.”
Who did Shellpoint sell?
New Residential Investment Corp.’s acquisition of Shellpoint Partners, a mortgage vehicle that is owned in part by Lewis Ranieri’s Ranieri Partners, is now complete. Ranieri, considered to be the father of mortgage securitization, helped found Shellpoint in 2010, and still serves on the company’s board of directors.
What bank owns NewRez?
Who owns NewRez mortgage?
New Residential InvNewRez LLC / Parent organization
Who bought my ditech mortgage?
In March 2013, Ditech was acquired by Walter Investment Management Co.
Who has my ditech mortgage?
According to New Residential, those assets included Ditech’s forward Fannie Mae, Ginnie Mae and non-agency mortgage servicing rights portfolio, which carried an aggregate unpaid principal balance of approximately $62 billion as of Aug. 31, 2019.
How many times will my mortgage be sold?
“Sometimes, a mortgage loan can be sold multiple times without the borrower’s knowledge if the servicer doesn’t change with the sale,” says Whitman. If your loan is sold or transferred and the servicer changes, here’s what to expect and do: Expect to receive two notices. One will come from your current servicer.
Does Shellpoint mortgage own NewRez?
Shellpoint Mortgage Servicing, the servicing division of NewRez, has quietly grown to become one of the nation’s largest non-bank mortgage servicer.
Is ditech now Shellpoint?
