Sign in

    Matthew Order • Jones Trading

    Matthew Order's questions to Rithm Capital Corp (RITM) leadership

    Matthew Order's questions to Rithm Capital Corp (RITM) leadership • Q4 2024

    Question

    Matthew Order of JonesTrading Institutional Services LLC asked how Newrez plans to continue driving market share growth in the increasingly competitive non-QM and home equity lending spaces.

    Answer

    Baron Silverstein, President of Newrez, detailed a strategy focused on investment in its team, technology, and brand. He highlighted the significant opportunity in serving their existing 3.7 million homeowners, which is the primary focus for maximizing recapture and retention before pursuing broader new customer acquisition.

    Ask Fintool Equity Research AI

    Matthew Order's questions to Rithm Capital Corp (RITM) leadership • Q4 2024

    Question

    Matthew Order from Jones Trading asked how Newrez plans to continue driving market share growth in the competitive non-QM and home equity space, given the number of players entering the market.

    Answer

    Baron Silverstein, President of Newrez, stated that growth is driven by significant platform investments in three key areas: the team, technology, and brand. He highlighted that their current focus is on maximizing opportunities within their existing portfolio of homeowners, which presents significant upside, rather than broad new customer acquisition.

    Ask Fintool Equity Research AI