Rithm invests in companies and assets across the financial services and real estate sectors.

New Residential
Becomes Rithm

Rithm Capital, formerly New Residential Investment Corp., was created in 2013 to own mortgage servicing rights (“MSRs”) and other mortgage related assets. Over the years, Rithm has evolved into a leading manager of assets and investments across the real estate and financial services space. What was once solely a holder of MSRs, Rithm has grown to approximately $7 billion in equity, distributed over $4.0 billion in dividends, and now manages multiple operating companies and a diverse investment portfolio. We take great pride in being a steward of our shareholder capital and striving to generate attractive returns.

Our success is driven by our strategic approach, focused on a diverse, complementary, and adaptable portfolio of investments that includes our operating companies, mortgage servicing rights, real estate securities, and other related opportunistic investments. Since our inception, we have built out our asset manufacturing capabilities with the addition of companies like Newrez and Genesis Capital, and have developed the right strategies to capture the value of each investment.

Our Strategic Journey


Becomes publicly-traded through a spin-off as an owner of Excess MSRs and other residential assets


Grows investment portfolio through acquisitions; becomes eligible to own Full MSRs in all 50 states


Acquires what are now known as Newrez, Shellpoint, Avenue365, and eStreet, providing a significant boost to our asset generation capabilities and earnings power through a significant entry into the mortgage and servicing space


Enhances its mortgage platform with the acquisition of select assets from Ditech and expands its services business with the acquisition of Guardian Asset Management


Gains additional scale and product origination capacity through the acquisition of Caliber Home Loans and business purpose lender, Genesis Capital


Internalizes management function from an affiliate of Fortress Investment Group

Rebrands to Rithm Capital from New Residential to reflect diversification and strategic ambitions beyond residential mortgage

Our People

Rithm’s success is made possible by our dedicated team of professionals who work closely across our various business strategies to drive positive results. We seek out talented, driven, and diverse individuals who work together to positively impact the lives of our team members, shareholders, and the communities we serve.


Michael Nierenberg

Chief Executive Officer, President and Chairman

Nick Santoro

Chief Financial Officer and Chief Accounting Officer

Charles Sorrentino

Managing Director

Philip Sivin

Chief Legal Officer

Varun Wadhawan

Managing Director

Sanjeev Khanna

Managing Director


Paul Coudrier

Head of Risk

Kevin Fitzgerald

Head of Technology

William Magee Jr.

Managing Director

Jeff Gravelle

Managing Director

Joseph Celentano

Managing Director

Paul Gross

Managing Director

Laurie Magee

Managing Director

Leah Fischler

Director of Tax and Accounting

Tad Wolkin

Director of Treasury

Paul Saake

Senior Vice President

Jake Hagerty

Senior Vice President

Evonne Huang

Senior Vice President

Donald Chan

Senior Vice President

Daniel Lanzara

Vice President

Dan Neubelt

Vice President

Joshua Yu

Vice President

Lindsay Goldenberg

Vice President

Celestina Leung

Vice President

Tyler Peterson

Vice President

Emma Bolla

Associate General Counsel

Sera Tuz


Nicholas Chapman


Frank Marquet


Jonny Nierenberg


David Smith


Sandy Liang


Christopher Grillo


Aaron Lai


Mariana Zahora


Leigh Winchester


Riley Barrett


Leigh-Ann Lynn

Executive Assistant