Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending.
Source: Inman News
Newrez laying off nearly 500 workers after Rithm acquisitions
Published in Adoor, Caliber, Caliber Home Loans, Computershare Mortgage Services, Darwin Homes, Industry News, layoffs, Michael Nierenberg, Mortgage, mortgage servicing, Mr. Cooper, New Residential Investment Corp., NewRez, Pagaya, Rithm, Rithm Capital, Sanjiv Das, Select, Shellpoint, SLS, Specialized Loan Servicing, Union Home Mortgage and venture capital
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