Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Newrez Earns Fannie Mae?s Prestigious Servicer Total Achievement and Rewards? (STAR?) Performer Recognition for 2024

BY Business Wire | AGENCY | 03/06/25 07:00 AM EST

FORT WASHINGTON, Pa.--(BUSINESS WIRE)-- Newrez LLC (?Newrez?), a leading nationwide mortgage lender and servicer is proud to announce that for the second year in a row, it has earned Fannie Mae?s Servicer Total Achievement and Rewards? (STAR?) performer recognition for the 2024 STAR Program year in the categories of General Servicing and Timeline Management. This prestigious acknowledgment highlights the company?s exceptional operations and continued commitment to supporting the full homeownership journey for borrowers nationwide.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250306644883/en/

Fannie Mae?s STAR Program is an industry-leading award highlighting top-performing servicers who have demonstrated outstanding performance in areas such as customer service, loan servicing efficiency, and overall effectiveness in meeting the needs of homeowners. Newrez?s achievement reflects its unwavering commitment to upholding the highest service standards and positively impacting the communities it serves.

?We are incredibly proud to receive this honor from Fannie Mae,? said Baron Silverstein, President of Newrez. ?This recognition is a testament to our team?s leadership and commitment to operational excellence. We care fiercely about our homeowners and their communities and are dedicated to delivering the best experience and outcomes for all of homeownership."

"Our team is the driving force behind our continued growth and outstanding reputation in the industry. This back-to-back recognition is a direct result of their relentless hard work and the operational excellence they drive for homeowners," said Shane Ross, Head of Servicing at Newrez.

Newrez is committed to continued partnership with Fannie Mae and other industry stakeholders to improve outcomes for homeowners, furthering the mission of homeownership preservation and sustainable housing.

To learn more about Newrez, visit www.newrez.com.

About Newrez
Newrez is a leading mortgage lender and servicer dedicated to providing a customer-first experience and helping homeowners throughout their homeownership journey. Newrez offers industry-leading servicing capabilities for owned MSRs and for third-party clients, as well as a robust origination model with presence in the retail, wholesale, correspondent, and consumer direct verticals. Newrez?s mission is to champion homeownership ? the company helps clients achieve their homeownership goals through a wide array of products and services. Newrez was established in 2008 and is headquartered in Fort Washington, PA.

Source: Newrez LLC

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article