"This strategic partnership with Valon combines Rithm's deep investment insight, Newrez's proven leadership, and Valon's transformative technology to modernize the $13 trillion mortgage servicing industry, Rithm Capital CEO Michael Nierenberg said in a statement. Early on, Rithm recognized Valon's potential to redefine mortgage servicing, and we are now doubling down on that conviction. We believe ValonOS will bring real operational efficiency, scalability, and innovation to Newrez and its clients."
"As one of Valon's earliest investors, Rithm has long understood our vision to build the single source of truth operating system for regulated industries worldwide and has seen the technology evolve from an idea to mission-critical and of strategic importance, said Andrew Wang, CEO of Valon. Newrez one of the nation's largest mortgage servicers and a leader in technology is the ideal partner to help accelerate adoption and prove it works at scale for even the most regulated servicers."
Rithm, Newrez, and Valon entered an expanded strategic partnership to modernize the $13 trillion mortgage servicing industry by deploying ValonOS across Newrez's platform. Rithm cited its early recognition of Valon's technology and expects ValonOS to deliver operational efficiency, scalability, and innovation. Newrez characterized the deployment as a milestone that strengthens its platform for over four million homeowners. Valon positioned the Newrez deployment as validation of its single-source-of-truth operating system for regulated financial services, with Rithm noting the technology's evolution to mission-critical status and strategic importance.
Read at www.housingwire.com
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