Shellpoint Mortgage Servicing Named Top Servicer of Newly Issued Non-Agency MBS
Greenville, SC (January 8, 2021) – Shellpoint Mortgage Servicing (“Shellpoint” or “the Company”) announced that it was recently recognized by Inside Mortgage Finance as the Top Servicer for NonAgency Mortgage Backed Securities (“MBS”) through September 30, 2020. This represents the second year in a row that Shellpoint has been highlighted with this distinction.
“We are very proud to be ranked as the #1 servicer for newly issued non-agency MBS loans. We are extremely grateful for the support of our clients and our hardworking team members who helped us achieve this recognition for the second year in a row,” said Jack Navarro, President & CEO of Servicing.
“Undoubtedly, 2020 was a challenging year for many borrowers. During that time, Shellpoint remained steadfast in our commitment to helping homeowners solve their COVID-related challenges. I am very proud of our team for all of their work and for their continued commitment to helping our customers.”
As of September 30, 2020, Shellpoint serviced $8.65 billion of newly issued non-agency MBS loans (representing 32.2% of total issuance). For the cumulative period referenced in the article (2019-3Q20), Shellpoint serviced more than double the next leading servicer in this category.
About Shellpoint Mortgage Servicing
Shellpoint Mortgage Servicing is America’s 5th-largest non-bank servicer of residential mortgage loans. From its offices in Greenville, SC; Houston, TX; Tempe, AZ; and Jacksonville, FL, SMS serves a wide range of clients nationwide, including leading banks, loan originators, and real estate investment trusts (REITs)—all of whom value the company’s reputation for creating positive mortgage-payment experiences. SMS’ ongoing success is grounded in its ability to deliver superior asset performance and to
develop creative and practical solutions for homeowners in need.
SMS is proud to be part of the NewRez corporate family—a diversified and vertically integrated group of residential mortgage-banking companies based in Fort Washington, PA. In July 2018, the entire Newrez corporate family was acquired by New Residential Investment Corp. (NYSE: NRZ), a publicly traded REIT that invests in and actively manages residential real estate investments.
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About NewRez LLC
Newez is a leading nationwide mortgage lender and servicer. As a lender, Newrez 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. Founded in 2008 and licensed to lend in 49 states, Newrez is headquartered in Fort Washington, Pennsylvania, and operates multiple lending channels, including Direct to Consumer, Joint Venture, Wholesale, and Correspondent. The servicing business operates through NewRez Servicing, the performing loan servicing division, Shellpoint Mortgage Servicing, the special servicing division.
Newrez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and E Street Appraisal Management LLC, an appraisal management company. NewRez is a member of the New Residential Investment Corp. family. More information is available at newrez.com.
Contact: Business Communications
Businesscommunications@newrez.com