Michael Nierenberg is a high ranking executive of the real estate investment trust firm known as New Residential Investment Corp. He currently holds three positions at the company. These include board chairman, president and chief executive officer. As the board chairman and chief executive officer, Michael participates in setting the goals and policies for the firm. He is also actively involved in devising strategies for the firm to reach its intended goals. Before joining New Residential Investment Corp, Michael Nierenberg spent over ten years working at a number of renowned financial services firms. He has worked at Bear Stearns, Lehman Brothers and Bank of America Merrill Lynch. While working at these firms, Michael held a number of top positions including managing director, head of global mortgages and securitized products and as a member of the board of directors.
Prior to joining New Residential Investment Corp, Michael Nierenberg worked at Lehman Brothers. While he was at this firm, he was heavily involved in establishing its mortgage lending division. He would help build and grow its business of providing adjustable rate mortgages. This would provide borrowers with an alternative to conventional home mortgage financing. The program would allow borrowers to save money on their mortgages and be in better position to afford a house.
His next position was as a member of the Board of Directors at Bear Stearns. Michael Nierenberg participated in helping the firm find ways to get more clients, improve operations and also find new ways to expand. Nierenberg also helped provide guidance and advice to all of the top executives of the firm. His leadership and expertise would prove to help Bear Stearns remain as one of the top financial services firms in the world.
Michael Nierenberg also spent a few years working at Bank of America Merrill Lynch. At this firm, he was the managing director and head of global mortgages. While serving as the managing director, Michael was responsible for getting new clients for the firm. When he was serving as the global head of mortgages, he oversaw the firm’s mortgage lending department. He helped oversee the mortgage programs for both domestic homebuyers as well as foreign international purchasers of real estate properties.
Michael Nierenberg’s: Twitter