Michael Nierenberg has excelled in the field of residential areas and leadership for various companies; he has made significant changes in all the companies he has worked in including; Bear Stearns, Bank of America, Lehman Brothers among others. In all these companies Michael Nierenberg served several roles gaining extensive skills and knowledge which he applies as the managing director at Fortress investment company. He has earned his wealth through hard work and devotion to work in several businesses; his wealth is more than $43.7 Million and also owns more than 1.8 million units at the New Residential Investment company of the United States founded in 2011.
Currently, Michael Nierenberg is the CEO, principal and the chairman of the board of director at New Residential Investment company since 2016. He works closely with; Alan Tyson, Andrew Sloves, David Saltzman, Robert McGinnis, Douglas Jacobs and Kevin Finnerty who are all independent directors. Other key employees include Jonathan Brown the Chief Accounting Officer and Nicola Santaro who is serving as the Chief Financial Officer at New Residential Investment Corporation. As the CEO of the company, Michael Nierenberg is responsible for making several company decisions related to new technologies, Investments, and management organization.
New Residential Investment Corporation aims at investing and managing multiple mortgage assets based in the United States. The company provides consumer loan segments, residential securities and invests in various excess mortgage servicing rights and other servicer advances. Michael Nierenberg has played a significant role to ensure that the company qualifies to be a real estate company which is not a subject to the set federal corporate income taxes in case they distribute about 90% of the company’s taxable income to the stockholders. During the reign of Michael Nierenberg at New Residential Investment, the stick trades values have elevated at a high rate since he uses his skills and experience to create a marketing strategy that is efficient. As a leader, he sets an excellent example to other employees being hardworking and giving them the opportunity to implement new ideas for the company. His management skills are evident since Nierenberg has made three successful trades in the company.