Subsidiaries and Partners

New Residential has made a number of strategic acquisitions and investments during our history that enhance our ability to provide a suite of services and drive earnings for our shareholders.

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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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. Over the last few years, Shellpoint Mortgage Servicing has quietly grown to become one of the nation’s largest non-bank mortgage servicer.

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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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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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Property & Casualty Insurance

Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic’s proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds — without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $617 per year in unexpected savings.

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