Newrez LLC, a nonbank mortgage servicer and a subsidiary of Rithm Capital Corp., along with its special servicing division, Shellpoint Mortgage Servicing, services approximately 1.94 million loans with $395.5 billion in unpaid principal balance as of June 30, 2023. We affirmed our overall ABOVE AVERAGE rankings on Newrez LLC as a residential mortgage loan primary and special servicer. The rankings were previously assigned to Shellpoint Mortgage Servicing, a division of Newrez LLC, which is comprised of the same servicing operations as Newrez LLC. The ranking outlook is stable for each ranking. Dallas (S&P Global Rankings) Sept. 15, 2023—S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Newrez LLC (Newrez) as a residential mortgage loan primary and special servicer. The
