New Residential Investment Corporation

Rithm Capital Corp. operates as a diversified asset manager specializing in real estate and financial services. The company strategically combines mortgage servicing with various alternative asset management approaches, developing an integrated platform. Its operational strategy focuses on generating recurring revenue streams and enhancing efficiencies across its portfolio of investments within the financial and mortgage sectors.

The company's origins trace back to September 2011, when it was formed as NIC MSR LLC, a subsidiary of Newcastle Investment Corp. It subsequently converted and began operating as New Residential Investment Corp. in December 2012. This entity then underwent a strategic rebrand to Rithm Capital Corp. in 2022, signaling an expanded investment mandate and an evolved business model beyond its initial focus as a real estate investment trust.

Rithm Capital Corp. provides essential capital and services to participants within the broader mortgage and financial services industries. The company's long-term vision centers on cultivating a robust, high-yield, and cash-generative enterprise. It aims to achieve this by continually optimizing its investment strategies and operational capabilities, thereby delivering consistent value through its diversified asset management platform.