November 2, 2020
National mortgage lender and servicer roles out charitable initiatives under its NewRez NOW Community Investment Program
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--NewRez LLC (“NewRez”, the “Company”), a national mortgage lender and servicer, announced today a charitable donation goal of one million dollars by the end of 2020 under the Company’s NewRez NOW (“Neighborhood Outreach Works”) Community Investment Program. All donations by NewRez employees, company-matched donations as well as a new promotion called “You Save, We Give” will go towards this goal.
Under the “You Save, We Give” initiative, NewRez will make a donation to Toys for Tots for every loan locked during the month of November across the Company’s Direct to Consumer, Wholesale, and Retail / Joint Venture business divisions. For the first time in the Company’s history, NewRez is involving its borrowers in the Company’s giving programs.
Launched earlier this year, NewRez NOW aims at promoting individual and company-wide investment in the health, vibrancy and sustainability of our communities through charitable contributions, outreach and participation. The Company has also included a double-match campaign wherein all donations made by individual employees to eligible nonprofits, in any amount, through December 31, 2020, will be double-matched by NewRez. So far this year, more than 350 charities have been helped nationwide through employee donations, company match funds, and an employee grant program.
“I have been very impressed throughout the year by the extensive charitable and philanthropic work that so many of our employees engage with on a regular basis,” said Baron Silverstein, President of NewRez. “Our employees engage deeply with their volunteer efforts, as well as raise and donate significant funds to a variety of causes. NewRez NOW has allowed us to further support and foster this philanthropic spirit and we are excited to continue making a difference in the lives of those in need throughout our nation. ‘You Save, We Give’ allows us to use our everyday business to truly help children in a meaningful way.”
“The holidays are exceptionally challenging for many underprivileged families in our communities. We are proud to partner with Toys for Tots during this time and we look forward to sharing this exciting program with our customers,” said Liz Monahan, NewRez’s Chief Human Resources Officer.
Headquartered in Fort Washington, PA, with offices across the United States, NewRez specializes in finding the right loan for every borrower. The lender offers a wide range of mortgage products that help make the dream of home ownership attainable. Visit newrez.com for more information on products and instructions on applying for a loan.
About NewRez LLC
NewRez LLC (NewRez) is a leading nationwide mortgage lender and servicer. As a lender, NewRez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 50 states, NewRez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners. NewRez’s servicing business consists of its performing loan servicing division, NewRez Servicing, and its special servicing division, Shellpoint Mortgage Servicing. NewRez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and E Street Appraisal Management LLC, an appraisal management company. NewRez is a member of the New Residential Investment Corp. family. More information is available at www.newrez.com.
About Toys for Tots
Toys for Tots, a 73-year national charitable program run by the U.S. Marine Corps Reserve, provides happiness and hope to less fortunate children during each Christmas holiday season. The toys, books, and other gifts collected and distributed by the Marines offer these children recognition, confidence, and a positive memory for a lifetime. It is such experiences that help children become responsible citizens and caring members of their community. Last year, the Marine Toys for Tots Program fulfilled the holiday hopes and dreams of 7 million less fortunate children in over 800 communities nationwide. Since 1947, over 265 million children have been assisted. The
Marine Toys for Tots Foundation is a not-for-profit organization authorized by the U.S. Marine Corps and the Department of Defense to provide fundraising and other necessary support for the annual Marine Corps Reserve Toys for Tots Program. For more information, visit www.toysfortots.org.