...- Newrez LLC is a wholly owned subsidiary of Rithm Capital Corp., a publicly traded investment platform in the real estate and financial services industries. - We assigned our overall AVERAGE ranking on Newrez LLC as a residential mortgage loan master servicer. - The ranking outlook is stable. NEW YORK (S&P Global Ratings) Aug. 28, 2024--S&P Global Ratings today assigned its AVERAGE ranking on Newrez LLC as a residential mortgage loan master servicer. The ranking outlook is stable. Our ranking reflects Newrez's: - Experienced leadership team, with considerable master servicing experience and industry knowledge; - Seasoned technology, internal audit, and human resource services provided by Rithm Capital Corp. (Rithm) and Newrez; - Reporting structure (i.e., master servicing reports to the head of Newrez's primary servicing), which could be viewed as a potential conflict of interest; - Sufficient, but not fully leveraged, servicing systems supporting its master servicing operations, resulting...
