For the past six years, Mike Niernberg served as Chairman, President, and CEO of New Residential Investment Group. He was appointed to the Board of Directors in 2016. The headquarters of NRI is based in New York city. The financial company employs between 11 to 50 people. Nierenberg was one of the founders of NRI on September 26, 2011. Serving at Bear Sterns for 14 years, in 2006, Nierenberg was invited to join their Board of Directors. Nierenberg was credited for creating the adjustable mortgage rate technique when he worked at Lehman Brothers, prior to Bear Sterns. Nierenberg worked at Lehman Brothers for seven years. All his experience in real estate finance is making 56 year old Mike Nierenberg a large asset to the company. Nierenberg was born on July 10, 1962.
Mike Nierenberg has earned the reputation of Guru investor. New Residential Investors is a publicly traded real estate investment trust company. Most recently, Nierenberg was a CEO of Fortress Investments. New Residential Investment is a subsidiary of Fortress.
In 2017, NRI has acquired Shellpoint Partners for $190 million. Shellpoint Partners was established in 2010 as a residential mortgage company. Shellpoint Partners has more than 2,000 employees and 125 offices across the United States.
Nierenberg has a good chairmanship at Samuel Waxman Cancer Society. Samuel Waxman is an oncological doctor who found some funding in the early 1970s for his patient. His patient was the nephew of Barry Finn. Dr. Waxman wanted to raise money to treat his patient’s Hodgkins Disease. After successfully treating his nephew, Finn introduced the oncologist to his father-in-law, Irving Alpert. Alpert, who ran a fashion textile, wrote out a check for $25,000. More than 40 years later, the Samuel Waxman Society is going strong. Today, this cancer society is funded by wealthy CEOs like Mike Nierenberg who are committed to wiping out cancer in their lifetime.