Top-five US mortgage lender Newrez, owned by Rithm Capital, is laying off 123 employees post-acquisition of Computershare Mortgage Services and Specialized Loan Servicing. Job cuts include mortgage professionals and span across various departments.
Newrez's restructuring, aimed at strategic diversification and competitiveness, follows reports of increased loan production and a significant servicing portfolio, positioning the company amid the evolving mortgage landscape.
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