National Mortgage Lender and Servicer enters Jacksonville market, plans to double employee count by fall

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JACKSONVILLE, Fla .– (COMMERCIAL THREAD) – NewRez LLC (“NewRez”), a national lending and mortgage services organization, today announced plans to more than double its employee team in Jacksonville. After opening a service center here in March, they now plan to expand their footprint, making Jacksonville one of their primary business locations.

The Fort Washington, Pa.-Based company opened an office in Jacksonville earlier this year as part of an asset acquisition from mortgage lender Ditech. Senior management of the company visited Jacksonville, met with representatives of the Chamber of Commerce and recognized the tremendous benefits of doing business in the region. Rather than consolidating work functions in other company offices, NewRez chose to make Jacksonville its fourth service center and recruit 90 former Ditech employees. With significant growth plans, the business is now poised to add even more.

“Jacksonville has been a true partner in our ability to attract world-class talent,” said Baron Silverstein, president of NewRez LLC. “We are delighted to announce the addition of 750 positions to the organization, many of which will be located in Jacksonville. With growth expected across all of our business divisions, we will be hiring a wide variety of professionals and know we can find them here. ”

NewRez now plans to hire 100 more jobs in Jacksonville, including positions in mortgage sales, loan processing, underwriting and collections. Corporate support functions will also be required for recruitment, training and information technology. Their hiring will be based on building the best team, so it is possible to add even more beyond the initial 100 positions.

“I am grateful to NewRez LLC for their continued confidence in Jacksonville with this expansion,” said Mayor Lenny Curry. “Jacksonville’s stature as a financial services hub is growing, and the company’s decision to fill 100 new positions and make our city a central location for business is one indication of that. I look forward to seeing even more growth in this important industry in the years to come. ”

NewRez recognizes that it is about building and supporting communities. For this reason, the organization created a community investment initiative called NewRez NOW (Neighborhood Outreach Works). Through NewRez NOW, NewRez invests in the health, vitality and sustainability of communities through charitable contributions, awareness and participation. The program includes a variety of components that support community investment at the corporate level, as well as promoting the active participation of employees in causes close to their hearts through charitable giving, grant programs and volunteering.

“The Jacksonville community has so much to offer us as an employer,” says Liz Monahan, Director of Human Resources for NewRez. “We look forward to strengthening our core team of employees and creating opportunities for us to give back to this amazing community. Our larger offices form the NewRez NOW Humanitarian Councils which engage and serve local nonprofit organizations. Finding new partners and developing these relationships is really part of the fun.

JAXUSA Partnership, the economic development arm of JAX Chamber, has focused on growing financial services as one of its target industries and now more than 60,000 people locally are employed in the sector. This includes over 1,000 new jobs in financial services over the past year.

“Once businesses get a taste of what it’s like to work and live here, we’re confident we’ll be in the mix when the time comes to invest and grow,” said the president. from the JAXUSA partnership, Aundra Wallace. “That’s what we’re seeing here with NewRez. We appreciate their investment in Jacksonville and look forward to them being a part of our community for years to come.

About NewRez

NewRez LLC (NewRez) is a nationwide leading mortgage lender and service provider. As a lender, NewRez is focused on offering a cutting edge product line, backed by a lending process that combines both human interaction and the benefits of technology in an unmatched customer experience. Founded in 2008 and licensed to lend in 50 states, NewRez is headquartered in Fort Washington, PA and operates multiple lending channels, including correspondent lending, wholesale, direct-to-consumer, retail and a network of joint venture partners. NewRez’s service business consists of its high-performance loan service division, NewRez Servicing, and its special service division, Shellpoint Mortgage Servicing. NewRez also has several affiliates that provide various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a securities agency, and E Street Appraisal Management LLC, a valuation management company. NewRez is a member of the New Residential Investment Corp family. More information is available at www.newrez.com.

About the city of Jacksonville

The city of Jacksonville is the largest city by land mass in the continental United States, serving approximately 850,000 residents. Located in Duval County, the Jacksonville City Council consists of the mayor and a 19-member city council. To learn more about the city of Jacksonville, visit COJ.net.

About JAXUSA Partnership

JAXUSA Partnership, a division of JAX Chamber, is Jacksonville’s regional economic development organization. The JAXUSA partnership is recruiting new companies and expanding existing businesses to increase the growth of well-paying jobs, private equity investment and a presence of highly skilled talent in Northeast Florida. The organization works with economic development partners in Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns counties; the independent authorities of JAXPORT, JAA, JEA and JTA; CareerSource Northeast Florida; and private sector investors in its role as a catalyst for regional economic growth.

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