Operating Companies
Over time, Rithm has grown to include a portfolio of high-performing complementary operating companies and investments. We focus on bringing together great people and platforms that provide services across the real estate and financial services sectors.
National Mortgage Lender
NewRez LLC (NewRez), formerly New Penn Financial, LLC, is a leading nationwide lender that focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Licensed to lend in 49 states, NewRez operates multiple lending channels, including Wholesale, Correspondent Lending, Direct-to-Consumer, Retail, and a network of Joint Venture partners.
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National Mortgage Lender
Caliber is a proven leader in the U.S. mortgage market with a diversified, customer-centric, purchase-focused platform with headquarters in Coppell, Texas. Caliber is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae and is an approved servicer for FHA, VA and the USDA. Caliber carries multiple servicer ratings from Standard & Poor's, Moody's, Fitch and DBRS. Caliber is headquartered in Coppell, Texas.
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National Mortgage Servicer
Shellpoint Mortgage Servicing, the servicing division of NewRez, has quietly grown to become one of the nation’s largest non-bank mortgage servicer. On behalf of lender and investor clients, Shellpoint Mortgage Servicing collects principal, interest, and escrow payments from homeowners nationwide.
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Business Purpose Lender
Genesis is a leading lender that provides innovative debt solutions to professional real estate developers for new acquisition, fix and flip, new construction and rental hold projects across the residential spectrum (including single family, multi-family and production homebuilding).
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Field Services and Property Preservation
Guardian Asset Management is a leading national provider of field services and property management to government agencies, financial institutions, and asset management firms. Guardian’s suite of field services includes: inspections, property preservation, repairs, real estate owned property management and hazard claims. With its large local vendor network, field operations and robust technology platform, Guardian provides a wide range of highly targeted services nationally.
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Title Insurance Agency
Avenue 365 Lender Services is a customer-focused, technology-inspired national title insurance and settlement services provider with an unwavering commitment to offering every consumer, originator, and lender an unparalleled experience with every loan closing. Avenue 365 offers "Anytime/Anywhere" (24/7) closings in 40 states as well as completely on-line order placement, tracking, document retrieval, and automated status reports.
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Appraisal Management Company
eStreet Appraisal Management Company oversees and manages a network of certified and licensed appraisers to fulfill real estate appraisal assignments. eStreet provides exceptional customer service while maintaining absolute regulatory compliance. The team is led by industry professionals with over 35 years’ experience. Their knowledge and eStreet’s state of the art technology ensure your order is handled in an efficient and effective manner.
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Diversified Mortgage Services Provider
Covius is a trusted provider of solutions, insight and technology to leading financial services companies. Covius’ technology-enabled solutions deliver operational efficiencies, mitigate risk and empower confident, compliant decisions. Covius businesses are recognized leaders in quality assurance, regulatory compliance, compliant document services, comprehensive settlement services, lien and title curative solutions, as well as customizable cloud-based business process solutions.
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Single-Family Rental Company
aDoor is a single-family rental (SFR) company looking to transform the way SFR acquisition, construction, and management is done. We own and manage a portfolio of rental homes across the United States.
Learn MoreOur Investment Portfolio
Our investment portfolio* has been purposely built and sized to generate reliable returns in any rate environment.
*Excludes ($556 million) equity allocated to Corporate & Other
Origination
Our origination business operates through the lending division of our subsidiary NewRez LLC (formerly New Penn Financial, LLC, “NewRez”). As a lender...
Read More$656 M
Net Equity Investment
9%
of Portfolio as of June 30, 2022
Servicing
Our servicing business operates through our performing loan servicing division and a special servicing division, Shellpoint Mortgage Servicing (“SMS”)...
Read More$3,168 M
Net Equity Investment
42%
of Portfolio as of June 30, 2022
MSRs Related Investments
This segment includes a portion of our Mortgage Servicing Rights (“MSRs”) and our servicer advances. It also includes the activity from several wholly-owned subsidiaries...
Read More$1,997 M
Net Equity Investment
26%
of Portfolio as of June 30, 2022
Real Estate Securities
We acquire and manage a diversified portfolio of credit sensitive real estate securities, including Agency Residential Mortgage Backed Securities (“RMBS”), Non-Agency...
Read More$823 M
Net Equity Investment
11%
of Portfolio as of June 30, 2022
Properties & Residential Mortgage Loans
We believe there are pockets of opportunity for us to invest in portfolios of non-performing and other residential mortgage loans, including performing mortgage...
Read More$381 M
Net Equity Investment
5%
of Portfolio as of June 30, 2022
Mortgage Loans Receivable
Through our wholly owned subsidiary Genesis Capital LLC (“Genesis”), we specialize in originating and managing a portfolio of primarily short-term mortgage loans to...
Read More$525 M
Net Equity Investment
7%
of Portfolio as of June 30, 2022