Throughout his 30-year industry career, Baron Silverstein has managed and led mortgage and capital markets platforms through a variety of transitions and market backdrops. Today, Silverstein defines success not merely by the way he leads, but by his ability to empower others to lead. As Newrez continues to grow, Silverstein continues to set the right tone and culture in which industry leaders are able to develop and navigate the peaks and challenges of the ever-evolving mortgage space.
Silverstein’s full view of the mortgage lifecycle and customer journey — from both a lending and servicing perspective — has allowed him to make extremely important and often difficult decisions in the short term for Newrez while also maintaining a strategic foresight and a steadfast focus on the Company’s long-term goals.
After joining Newrez as president in May 2020, Silverstein was tasked with growing Newrez during a global pandemic and an explosive period of mortgage lending, Silverstein’s approach to leadership was both attentive and progressive. Under Silverstein’s leadership, Newrez witnessed massive growth in its origination lending platform in 2020, emerging as a top 10 lender with 176% production growth during the year. He also helped lead the company through a successful rebrand.
In April 2021, Newrez’s parent company, New Residential Investment Corp., announced it would acquire Caliber Home Loans with the intention of combining the Newrez and Caliber platforms into one premier financial services company. Silverstein has played a pivotal leadership role in the acquisition process, which is expected to close in the third quarter of 2021.
What’s the best advice you’ve ever received?
”If everything seems under control, you’re not going fast enough.”