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.