Our combination of strategies will allow us to accelerate our leading position in purchase lending, grow our digital direct to consumer and broker initiatives, and further propel our retail franchise. “By combining platforms with NewRez, we will join another industry pioneer that has complementary strengths and is committed to delivering the dream of home ownership.
“We are excited to be joining the New Residential family,” said Sanjiv Das, Chief Executive Officer of Caliber. With this acquisition, we have significantly strengthened our capabilities to perform across interest rate environments.” The combination of NewRez and Caliber’s platforms will create a premier financial services company with scale, talent, technologies and products to accelerate our mortgage company objectives and generate strong earnings for our shareholders. “Over the years, Caliber’s experienced team has built a differentiated purchase-focused originator with an impressive retail franchise and solid track record in customer retention. “We believe this is a terrific acquisition for our Company,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of New Residential. The transaction is intended to close as quickly as possible, subject to various approvals and customary closing conditions, and is targeted for the third quarter of 2021. With this acquisition, New Residential intends to bring together the platforms of Caliber and NewRez LLC (“NewRez”), New Residential’s wholly owned mortgage originator and servicer. (NYSE: NRZ “New Residential” or the “Company”) announced today that it has entered into a definitive agreement with an affiliate of Lone Star Funds (“Lone Star”) to acquire Caliber Home Loans, Inc. NEW YORK-(BUSINESS WIRE)-New Residential Investment Corp. Increases Asset Generation Capabilities and Opportunities.Enhances Purchase Origination Capabilities with Extensive Retail Footprint.
0 kommentar(er)
