As today's business world becomes more competitive and challenging, companies and those leading them must rely on innovative ideas to stay ahead of the competition. However, coming up with these ideas is often easier said than done. Within the banking and financial services industry, innovative thinking usually involves looking at how specific services can be customized to fit the growing and changing needs of investors and customers. At New Residential Investment Corporation, CEO Michael Nierenberg has embraced innovation and change, enabling him to think outside the box when it comes to developing new strategies to keep pace with a changing banking industry.
Due to investors and financial services customers having more and more choices for where they can receive services in today's market, it is more important than ever for companies to adapt to these changing demands and offer what customers want and need. At New Residential Investment Corporation, this is exactly what is being done. Under the leadership of Mr. Nierenberg, the company is constantly examining various types of banking operations to see how they can be improved and changed if necessary.
One of these areas involves the residential mortgage market, where traditional banks now account for only 50 percent of the market. To stay competitive in this area, Michael Nierenberg has positioned New Residential to be much more active in portfolio management and encouraging investors to look closer at the securitization of mortgage loans, which now enables pools of mortgages to be traded as securities. By making this a more viable option for investors, Michael and New Residential are leading the way in the financial services industry.
With investors becoming more sophisticated each year, it becomes harder for many companies to keep pace with their demands and expectations. However, for Michael Nierenberg and New Residential, this is one challenge they gladly accept. Knowing many other companies in the financial services industry will simply not work hard enough to reach the top, Michael and his team choose instead to work that much harder to surpass and stay ahead of their nearest competitors. One of the best ways to do so is by creating many new and innovative specialized investment strategies, which gives customers more choices in such areas as loan origination, real estate owned management, and call rights regarding the inclusion of non-agency assets.
As more and more changes have been made to New Residential's marketing and business strategies, Michael Nierenberg has found himself gaining a greater reputation for excellence worldwide. Over his more than two decades of experience in financial services, Michael Nierenberg has been able to achieve extraordinary things that many other executives could only hope for in their careers. By being able to take advantage of current trends and spot future ones well before anyone else, Michael has been able to take New Residential Investment Corporation to unprecedented heights. Given tremendous credit for establishing a customer-focused company, he has been responsible for transforming how investors view their portfolios, enabling them to make investments that are responsible yet bold.
Knowing there is still much to accomplish in his business career, Michael Nierenberg continually examines new developments in technology, marketing, finance, law, and many other areas in an effort to discover his next innovative business idea. While many executives who have achieved success choose to rest on their laurels, that is not the case with Michael. Instead, he expects to not only make New Residential Investment Corporation into an even bigger success, but do so in ways that will set a new standard for competitors. By doing so, he lets customers and investors know New Residential is prepared for the future.
