Newrez plans a platform transition to Valon, while its mortgage business and contributions from Crestline and Genesis Capital boosted Rithm's earnings.
2 reports, 2 independent
Updated Oct 23
Gone quiet
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Newrez plans a platform transition to Valon, while its mortgage business and contributions from Crestline and Genesis Capital boosted Rithm's earnings.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Newrez confirmed as Rithm subsidiary and partnered with Valon for servicing technology.1 source
Newrez is transitioning its platform to Valon, and its earnings, along with those of Crestline and Genesis Capital, contributed to Rithm's results.1 source
Keep exploring
The entities involved
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Rithm Capital
American investment management company
Nothing else this week.
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Newrez
American Residential Mortgage Lender and Servicer
Nothing else this week.
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VALON
Czech company
Nothing else this week.