Michael Nierenberg Shares How He Invests In Real Estate At New Residential Investment Corp

Michael Nierenberg is the top executive at New Residential Investment Corp. He is the chairman of the board of directors, the president, and the chief executive officer. His firm invests exclusively in residential real estate and operates a REIT (real estate investment trust).

He says that one of the most critical skills he has is finding undervalued real estate on a regular basis. One type of real estate investment sees as being particularly lucrative is excess mortgage servicing rights (MSRs). Michael Nierenberg says the two things he is looking for when investing in an MSR is if it has adequate resources in regards to capital and whether or not it has any strong long-term business relationships. He invested $114 billion worth of MSRs in 2018 due to their money-making potential.

In order to take advantage of unique investment opportunities, Michael Nierenberg has developed a highly skilled team at New Residential Investment Corp. He hired people who have insightful knowledge about the real estate industry and are intuitive about investing. He says it also takes flexible capital to succeed in his line of work and well as the ability to form good solid business relationships.

Besides MSRs, Michael Nierenberg invests in other real estate financial vehicles as well. These include residential mortgage backed securities, residential mortgage loans, and other investments he views as opportunistic.

Michael Nierenberg has been in the financial industry for many years. Early in his career, he worked at Lehman Brothers, handling their adjustable rate mortgage investments, and he was also once on the board of directors for Bear Stearns. He was an executive at Bank of America Merrill Lynch as well as JP Morgan. He joined New Residential Investment Corp. in November 2013.

He predicted that the Fed would raise interest rates throughout 2018 and positioned his company to take advantage of this. As it turns out his prediction was spot-on and the Fed raised short term rates four times, going from 2.25% to 2.50%. His company has benefitted from this rise in rates due to the way he invested in anticipation of these Fed moves.

The Invention Of ClassDojo

ClassDojo is a special tool that has been developed for effective communication between teachers, students and parents. This tool is targeted to improve the student’s discipline. The tool allows each student to have an avatar which can be customized for personal use. The teachers also have their module where they can come up with goals and habits to monitor. These goals and habits include issues such as how active the student is in class and how they submit their homework among others. The teachers then award points during the school day which are easily displayed on a smart board for viewing. By the end of the day, the teachers produce a report and send it to the parents. This tool has been of great importance to most schools as it acts as a direct link between the teachers, students and also parents. It gives the teachers an easy way of monitoring the student’s habits.

The Application is said to have raised $35 million funding as its recent amount. It was also revealed that ClassDojo has come up with another service for the families known as Beyond School. This tool allows the parents to subscribe to it so that they can have knowledge of the studying experiences that their children encounter outside the classroom. ClassDojo unlike Beyond School is offered for free. Since its founding, ClassDojo has shown substantial growth. Most homesteads in America are now using the app to monitor their children’s performance and activities in school. The app is operated by a group of forty experts and it is based in California.

One of the founders of the ClassDojo app, Mr. Liam Don says that their vision is to provide just more than a class room application. They are focused with coming up with the most famous brand for use in education. The Chief Executive Officer adds that ClassDojo is working towards ensuring that students, teachers, parents, staff and also administrators are offered with quality services. Some of the countries that use ClassDojo include Spain, UK and Australia among others. Parents have also given positive remarks about the app.