Mike Nierenberg Sees Investment Opportunities In The Mortgage Servicing Market

Mike Nierenberg has been the Chief Executive Officer and President of New Residential Investment Corp. since 2013. He became Chairman of the Board three years later. The New York City-based company is currently a fully owned subsidiary of Newcastle,

He had served in a number of other executive capacities prior to his employment at New Residential. Mike Nierenberg was a Managing Director at Bank of America Merrill Lynch. There he was in charge of the Global Mortgages and Securitized Products division. Mike had left his position at JP Morgan to join the organization in 2008. He had gained years of global mortgage industry experience in his prior roles at the financial institutions of Lehman Brothers, at which he spent seven years, and Bear Stearns. Mike was in charge of the adjustable rate mortgage program during his tenure at Bear Stearns.

According to Mike Nierenberg and his colleagues at New Residential Investment Corp., there are vast investment opportunities in the mortgage servicing market. The total amount of this segment is now reported to be approximately $10 trillion. This attracts an enormous amount of investor interest. With his expansive mortgage expertise, Mike Nierenberg is moving the firm in the right direction for its continued success and growth.

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The Establishment Of OSI Industries And Its Growth

The food provider started as a small butcher based in Chicago and has expanded its operations to 17 nations where it operates 65 plants. More than 20,000 people work at its facilities. It was established during the immigration era when thousands of Germans came into the country and settled in the Chicago’s plains. According to statistics, the immigrants made up a quarter of the total population in the city.

The pioneer of the venture was Otto Kolschowsky. The firm started expanding a decade after its inception where it launched its whole business and opened another store in Maywood. Years later, the food provider was rebranded as Otto and Sons.

The firm partnered with a family-owned owned hamburger business known as McDonald’s to facilitate the distribution of its meat products to various parts of the country through its restaurants. McDonald used the franchise model at the time and Ray Kroc became its agent in Illinois. The partnership grew stronger due to the friendship between the burger business and the sons of Otto Kolschowsky.

Years later, Ray Kroc acquired the McDonald’s and became its CEO. OSI Industries continued to grow and one of the leaders who has played a significant role is David McDonald. The businessman was born in Iowa. During his higher education, he majored in animal science and was passionate about agriculture and biology. Before he joined OSI Industries, he worked at the North American Meat Institute.

Currently, David McDonald is the president of OSI. At the helm of the food company, he has helped to ensure that all the products meet the quality expectations of the customers and the industry. During his tenure, he has streamlined the logistics department to ensure that the customers can get the products more conveniently. One of his achievements at OSI Industries is expanding the firm through acquisitions of large corporations such as Baho Foods, Flagship Europe and Tyson Foods.

The production capacity and market share of OSI has increased significantly over the years. For example, OSI Industries has a facility in Toledo, Spain where new equipment was installed to double the production of meat products. The development was aimed at meeting the growing demand in the country.

Boraie Development Teams With Shaquille O’Neal To Make Newark Beautiful Again

The first new high rise apartment building in Newark in over fifty years is attached to the NBA Hall of Famer Shaquille O’Neal. He joined the stakeholders and elected officials for the ceremony celebrating the completion of the project. The Shaq Tower encompasses more than a million square feet, has retail space on the ground floor and 169 rental units.

 

The ceremony included appearances from Boraie Development. Boraie provides services in real estate development, sales, marketing and property management. Their team is committed to building spectacular properties while providing clients with unparalleled service. Also appearing were Newark Mayor Ras Baraka, Governor Phil Murphy, Acting Deputy Mayor Carmelo Garcia and the Managing Director for the Goldman Sachs Urban Investment Group Margaret Anadu. The $79 million complex is scheduled to open near the end of the year.

 

Boraie Development a track record of thirty years. They are one of New Jersey’s most sought after developers. They use a combination of their own capital and large commercial banks to fund their projects. These projects attract financial partners, residents and tenants who appreciate their commitment for the future. Wasseem Boraie called their latest project a modern example of private and public companies working together. He stated the project would not have been possible without the city of Newark. He believes they have set a new tone with their partnership. Check out re-nj.com

 

 

According to NJBiz, the project is both a stepping stone and a milestone for the city. The day was special for New Jersey and Newark because it symbolized the rise of the city. This type of project is personal for Boraie Development and Shaquille O’Neal. Shaquille was raised in Newark and spoke of his love for the city. He said he was visiting some relatives with his mother in 1992. He remembered his mother talking about when the city was so beautiful. She said somebody had to do something to bring the beauty back to the city. He talked about the way she looked at him when she elbowed him in the chest. He felt like he was that somebody.

 

Shaquille O’Neal gave the city and Boraie Development his thanks for the efforts they put into the project. Boraie Development has already teamed with Shaquille O’Neal for the next big project for Newark. This will be a 35 story building in the center of the city. The building is going to accommodate 350 units. This represents another investment for Newark totaling $150 million.

 

Goettl Uses Positive Change Methods

Goettl’s website talks about how they are always working to prioritize customer service. They try to ensure that people are doing the right thing and they have done everything possible to show people what they can get from the situations that they are in. Since Goettl is committed to their clients, they know the right way to treat them, but this was not always the case with the same company. At one point, Goettl did not have the same customer service practices and their business was actually doing poorly because of it. They learned that they needed to make some changes and that is what allowed them the chance to grow their business.

Now, they are growing more than they ever did before. They recently acquired a Southern California HVAC company according to a recent report by AZ Central. They found that the company could benefit from their services and they wanted the company to be able to grow under their direction. By acquiring them, they were giving them a chance to truly flourish. It was also a chance to expand their business reach which is something that the company has wanted to do for years since they first started doing things the right way.

Even when Goettl was doing things that were somewhat difficult, they were learning how they could have positive opportunities in different situations. The company remained committed to the process and to the things that they could do to make their business better. They also knew that their business would only be able to grow if they worked toward more growth. For Goettl to do all of this, they had to be sure that they were profiting and that the company was actually helping out the clients who they served.

According to PR News, as things have gotten much better for Goettl, they are not afraid to give advice to different companies. They know what they did and they know how to make it possible for other companies. Because of this, Goettl is able to give people a lot of advice and they can also show them what they are doing to bring attention to their business. For Goettl, this is something that has allowed them the chance to grow and to accommodate the business models that they have already begun to put in place so that they can try different things with the business and with the people who they are working with.

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