Michael Nierenberg is not a strange name in the world of investments and Mortgages. He has served various managerial, sales and marketing positions that have led to his expertise. He is Chief Director of a company called Fortress. Before, he worked at Global Mortgages as the head. His work profile also has Bank of America Merill Lynch as well; here he was in charge of the sales department whose role was to oversee the divisions of trade in the firm. He has also had the opportunity to work in JP Morgan, Lehman Brothers, and Bear Sterns. All three companies are known to be a big deal in real estate.
He managed to an instrumental tool in making real estate and mortgages to be adjustable in the dynamic market that is real estate. He has left the iconic seal of approval in the real estate market and so far by being a great leader and expert through the knowledge he has received. He is if not already the next big thing in the market. Currently, he serves the position of the senior member of the Board as well as the CEO of the New Residential Investment Corporation. His net worth now stands at 16.6 million US Dollars, according to the 2019 report.
Michael Nierenberg owns a massive unit project that has value in the stock market. He has done trades with his company and even made a great sale worth 1,708,708 us dollars. Being a member of the investment banking committee helped gain knowledge to be where he is now.
Currently 55, Michael Nierenberg is still here to invest in mortgages and make it a global affair. His years at New Residential Investment Company have been successful because of his input as the managing director. He has closed deals worth millions and has helped the real estate company be the best.
New Residential Investment company main aim is to dwell in mortgage investments as well as its management; it has so far managed to serve its clients accordingly. It also deals in loans about mortgages, security matters in real estate as well advances whenever necessary. The loans services range from homeowners to unsecured loans as well as mortgage servicing. All these have been made possible under his leadership.