New Residential Investment Corp is based in the New York City area. The company’s approximate value is estimated at roughly twenty-one trillion. Michael Nierenberg is the current CEO and president. he became the chairman in May of 2016. He served in various roles with different companies such as Lehman Brothers, Bear Stearns, Global Mortgages, and Bank of America in 2008. Michael Nierenberg was excited to announce the new Chief Financial Officer of The New Residential Investment Corporation. Nick Santoro is the newest addition to their dynamic team. Recently he was given the title new Chief Financial Officer with over 20 years of financial management experience under his belt. Nick was previously employed as the chief accounting officer at FXCM from 2012 to 2015.
Dave Schneider is currently serving as the Chief Accounting Officer of The New Residential Investment Corporation. Dave attended Fordham University where he received a Bachelor’s Degree in accounting. Dave has a combination of experience pertaining to financial reports and internal controls. He previously worked as the Senior Vice President at Fortress in 2014. Dave’s specialties encompass various financial roles. He also functioned in the Vice President role at JPMorgan Chase. His duties included the structuring of securitizations and MSR transfer. He worked diligently to expand the internal control framework within Mortgage Banking. Dave used to be an employee of Deloitte & Touche LLP for over seven years. He and Michael Nierenberg have both worked with different projects pertaining to Lehman Brothers during different times in their careers. Dave worked as a consultant/contractor. He lead the implementation of SOX 404 compliance and consulting on the SIPC liquidation of Lehman Brothers Inc.
New Residential Investment Corporation seems to have a stronger positive outlook with its new members. The company is taking steps to walk courageously and with focus as they address the mortgage loan market. They are not frightened, instead, they look forward towards the new investment opportunities that were not available before the American Housing Crash. New Residential Investment Corp’s has hardcore goals when it comes to investing. Their energies are concentrated to leverage their acute knowledge and expertise to deliver advantageous returns that benefit growing revenue and cash flow for their clients. New Residential investment Corp has shown itself to be a trustworthy accomplished company. They have solid employees with vast amounts of experience and the company itself has survived through the American Housing crash, therefore, proving it’s sustainability and credibility.