Headquartered in New York City, the business was incorporated in September 2011. It continues to engage in the investment and management of residential real estate investments. The operations of the company are segmented into various divisions, namely Servicer Advances, Real Estate Securities, Excess Mortgage Servicing Rights (Excess MSRs), Consumer Loans and Real Estate Loans and Corporate. The investment portfolio of the company is comprised of residential loans and securities, servicing related assets and other investments.
The U.S. residential housing market is estimated to be around $21 trillion and the company is poised to generate significant investment opportunities as the market unfolds. Through the company’s capital, key business relationships and industry expertise, they are able to take advantage of any business opportunity presented in the market. Other than the company’s interests in mortgage and security loans, the company also offers a wide range of consumer loans, which include unsecured and homeowner loans. The company is regarded as one of the few participants in the market that have a key position in the unfolding of the residential mortgage loans market in the country.
Listed as a component of the Wilshire 5000 Index, New Residential Investment continues to be externally managed by Fortress Investment Group, LLC. The latter is registered as a diversified global alternative investment manager known for its gargantuan size of assets under management. As of December 2014, the latter has reported more than $72 billion of assets under management. New Residential Investment Corporation was created as a wholly owned subsidiary of Newcastle Investment Corporation.