Who bought Shellpoint?
New Residential Investment Corp.
New Residential Investment Corp.’s acquisition of Shellpoint Partners, a mortgage vehicle that is owned in part by Lewis Ranieri’s Ranieri Partners, is now complete. Ranieri, considered to be the father of mortgage securitization, helped found Shellpoint in 2010, and still serves on the company’s board of directors.
Is Shellpoint now NewRez?
Shellpoint is one of the largest non-bank servicers with over 1.7 million residential mortgage loans. Shellpoint is proud to be part of NewRez LLC (“NewRez”). NewRez is owned by New Residential Investment Corp. (NYSE: NRZ), a publicly traded REIT that invests in and actively manages residential real estate investments.
What happened Shellpoint mortgage?
On February 18, 2021, Moody’s Investor Service upgraded Shellpoint Mortgage Servicing (Shellpoint) prime servicer assessment and special servicer assessment to SQ2- from SQ3+. New Residential Investment Corp. to Acquire Caliber Home Loans, Inc.
Is Shellpoint mortgage backed by Fannie Mae?
Shellpoint is an approved Fannie Mae and Freddie Mac seller and servicer and a Ginnie Mae issuer, with servicer ratings from S&P, Moody’s and Fitch.
What is Shellpoint new Penn?
New Penn is headquartered in Plymouth Meeting, Pennsylvania and operates offices nationwide. Shellpoint Mortgage Servicing is one of America’s “Top 20” non-bank servicers of residential mortgage loans.
Who does Shellpoint service for?
We service mortgages for some of America’s top banks, mortgage companies, and real estate investment firms. One of the main reasons they trust us to manage their mortgages is our reputation for creating an outstanding mortgage servicing experience for homeowners.
Is Shellpoint mortgage a collection agency?
Our mission is to service loans with excellence and efficiency with highly responsive and courteous service. We service your mortgage loans by collecting principal, interest, and escrow payments.
What is Shellpoint mortgage grace period?
If your payment arrives at our office 15 or fewer days after your due date (the “grace period”), your payment is considered “late,” but we will not charge you a late fee. It’s very important that we receive your payment no later than the due date.
