Rithm has made significant strides in 2023 by acquiring consumer loans from Goldman Sachs, acquiring Sculptor Capital Management, and Computershare Mortgage Services. This expansion has led to a robust increase in assets under management and a notable pretax income rise from $732 million to $1.1 billion. The acquisition of Sculptor, with its $33 billion in assets, has provided Rithm a competitive edge. Additionally, Newrez emerged as a leader in the primary mortgage servicing sector. Michael Nierenberg, the CEO, praised the consistent growth across all business segments, indicating a proactive approach toward strategic partnerships and future expansion.
Rithm's strategic acquisitions in 2023 significantly enhanced its asset management capabilities and fueled strong earnings growth, positioning the firm favorably within the competitive financial landscape.
With the integration of Sculptor and Computershare, Rithm showed remarkable financial performance, reporting over $1 billion in pretax income and solidifying its status as a top mortgage servicer.
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