Newrez Welcomes Brian Woodring and Congratulates Felicia Grumet

FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Newrez LLC (“Newrez”), a leading mortgage servicer and lender, today announced two key executive appointments, underscoring the company’s commitment to innovation, operational excellence, and customer experience. Over the past five years, the Newrez platform has roughly quadrupled both its originations market share and the size of its portfolio, now serving over 3.7 million homeowners – these appointments align with Newrez’s platform investment strategy to deliver continued growth.

Brian Woodring joins Newrez as Chief Information Officer. He will lead technology strategy across digital products, applications, IT infrastructure, information security, data, and AI. Brian brings a wealth of experience from Rocket Mortgage, where he most recently served as Head of Technology. He is a proven innovator with a track record that includes industry-shaping products powering both servicing and originations. His vision for AI, seamless homeowner experiences, and building world-class teams will further elevate the Newrez technology platform to continue to deliver exceptional value to employees, clients, and consumers.

Felicia Grumet has been promoted to Chief Financial Officer, reflecting Newrez’s continued investment in developing and recognizing internal talent. Since joining the firm in 2024, Felicia has held various leadership roles, most recently serving as Chief Information Officer, where she led technological initiatives that enhanced the digital experience for customers and employees while supporting Newrez’s cost leadership. She brings over 25 years of financial experience, including roles at Bear Stearns and, most recently, Bank of America, where she built teams and businesses to drive growth and strong financial performance.

“Our technology and human capital investments power our business and its future,” said Baron Silverstein, President of Newrez. “We are thrilled to welcome Brian to Newrez and to recognize Felicia’s leadership in her expanded role. Their combined expertise will be instrumental in driving the next stage of our platform’s continued growth.”

About Newrez

Newrez is a leading mortgage lender and servicer dedicated to providing a customer-first experience and helping homeowners throughout their homeownership journey. Newrez offers industry-leading servicing capabilities for owned MSRs and for third-party clients, as well as a robust origination model with presence in the retail, wholesale, correspondent, and consumer direct verticals. Newrez’s mission is to champion homeownership – the company helps clients achieve their homeownership goals through a wide array of products and services. Newrez was established in 2008 and is headquartered in Fort Washington, PA.