For Example: If the due date is the 1st and your account has a 15-day grace period, the draft date may be any date between the 1st and the 16th of the month. In order to ensure a late fee is not assessed to your account, your monthly draft dates cannot exceed your contractual due date plus the number of grace period days allowed on your account. With this option, you may include an additional principal amount to draft with your payment each month. Select one date each month that your payment will be drafted. You must be current in order to enroll in this draft frequency. Recurring payments from your bank account:
I look forward to what the combined organization will achieve under their collective leadership,” Nierenberg said.You can choose from several convenient payment options, including: Their backgrounds, expertise, and styles will serve to create a dynamic and collaborative leadership team unmatched in the market. “Sanjiv and Baron each bring robust experience in financial services and consumer lending and have demonstrated track records of success in growing organizations and achieving exceptional results.
“We expect the combination of Caliber and Newrez to contribute meaningfully to New Residential’s growth in 2021 and beyond.”Įxecutives Sanjiv Das and Baron Silverstein will lead the combined platform, with Das taking the role of CEO and Silverstein serving as president and chief operating officer. “With this acquisition, we have extended our ability to offer a broad spectrum of mortgage products to borrowers throughout their homeownership journey,” Nierenberg said. The combined company is expected to add roughly $150 billion UPB of MSRs, technological enhancements, talent, and an extensive local footprint, particularly in purchase lending. Under the deal, New Residential intends to merge Caliber and NewRez as part of its strategy to expand its capabilities, products, and presence across mortgage origination and servicing space.
Read more: New Residential reveals strong Q1 results
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