Bulletin 2024-001 Specialized Loan Servicing LLC (SLS) Acquisition (Agency)
We are pleased to announce that Rithm Capital Corp. (Rithm) completed its acquisition of Specialized Loan Servicing LLC (SLS) and simultaneous merger with Newrez, LLC (Newrez), an indirect wholly owned subsidiary of Rithm, on May 1, 2024.
In this regard, please be advised that your Master Servicing Rights Purchase Agreement was assigned to Newrez. This email will also serve as the 30 day notice for Newrez Co-Issue Guide and other important information.
We are excited to continue the business relationship with your company and believe that the resources of our new combined company are an opportunity for your own continued success.
You will be contacted regarding this transition to welcome you to the Newrez family and to address questions regarding the Client Contract assignment or the transfer of the business to Newrez.
We look forward to a successful partnership.