Michael Neirenberg has been a constant presence in the world of finance where he has made a name for his prudent investments. His illustrious career has seen him hold numerous managerial positions in a host of companies. He currently chairs the board of New Residential Investment Corp. The seasoned investor doubles up as the CEO of the firm, a position he has held for two years now. He previously served the Bank of America as a managing director. Michael Nierenberg was responsible for the Securitized Products and Global Mortgages division at the bank. He oversaw all the activities that revolved around trading and sales. He held the same position at JP Morgan, an investment bank, which he joined from Bear Streams. The latter enjoyed his excellent services for close to fourteen years that saw him serve in different capacities.
His time at the firm culminated in a two-year stint as a member of the Board of Directors. Prior to this, he was a key player of the management team at Lehman Brothers. He came in handy as the firm sought to set up an adjustable rate mortgage business. He was at the financial institution for slightly more than seven years. Michael Neirenberg is one of the few managers who have left a mark in every institution they have worked at. Nicola Santora and Jonathan Brown, the Chief Financial Officer and Chief Accounting Officer respectively, support his work at New Residential Inc. The firm has specialized in the real estate industry where they invest heavily in residential mortgage assets. They also manage assets in the same category.
The New York based company was established seven years ago and has made headlines while offering Consumer and Residential loans. Mortgage servicing rights (MSRs) have also contributed to a good percentage of their returns. Since getting to the top position in 2016, Michael Neirenberg has worked to improve service delivery and attract more partners. The firm is the go-to place for anyone in search of a federal income tax investment trust. His impeccable work ethic has translated in a net worth of $43.7 million dollars as of mid-2018. Michael Neirenberg’s stocks at the company amount to over $25.6 US dollars. Most of his business activities are run from his office in New York.