The shedding of some traditional banking and mortgage methods was just what was needed by New Residential Corporation. When CEO Michael Nierenberg took on the challenge to begin the update of how the company did business, many were curious about which direction they would ultimately go in.
Taking into account the credit crisis of the early 2000’s, the real estate company has been on an upward trajectory ever since. Michael Nierenberg continues to outpace the competition and with the rate of improvements, this seems to be the new standard for New Residential Corporation. The task of implementation was seemingly an issue, but as CEO, Nierenberg knew what was at stake.
The idea of pleasing over three million consumers can be a daunting task, but NRZ ensured it’s consumers of the commitment that was made to them. A shift in the market can break some companies, but with Michael Nierenberg’s financial background, changes were made accordingly to avoid economic downturns.