...S&P Global Ratings' rankings on Newrez LLC are ABOVE AVERAGE as a residential mortgage loan primary and special servicer. On May 12, 2025, we affirmed the rankings (see "Newrez LLC ABOVE AVERAGE Residential Mortgage Loan Primary And Special Servicer Rankings Affirmed," published May 12, 2025). The ranking outlook is stable for each ranking. Our rankings reflect Newrez's: + Well-experienced senior leadership team with experience in primary and special servicing; + Multi-channel recruiting approach, solid training program, and staffing growth commensurate with portfolio growth; + Solid risk management and control framework with multiple lines of defense buttressed by a new centralized control team within servicing, which creates the opportunity to promote a more vigorous control environment; + Comprehensive use of technology systems throughout many areas of servicing to manage its sizeable loan portfolio in a controlled manner, given the accelerated growth; + Generative AI tool that provides...
