Discontinued — last reported Q3 '23
Business Segments · Total Operating Expenses
Origination and Servicing — Total Operating Expenses
New Residential Investment Corp. Origination and Servicing — Total Operating Expenses remained flat by 0.0% to $456.31M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 20.4%, from $573.37M to $456.31M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toTotal Operating Expenses
How to read this metric
Lower expenses relative to revenue indicate higher operational efficiency and better profit margins.
Detailed definition
The aggregate of all costs incurred to operate the origination and servicing segment, including compensation, interest e...
Peer comparison
Standard operating metric; peers report this to demonstrate cost control and operational leverage.
Metric ID:
ritm_segment_origination_and_servicing_total_operating_expensesHistorical Data
16 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $401.20M | $401.20M | $615.45M | $615.45M | $679.05M | $679.05M | $619.69M | $619.69M | $573.37M | $573.37M | $453.36M | $453.36M | $453.02M | $453.02M | $456.31M | $456.31M |
| QoQ Change | — | +0.0% | +53.4% | +0.0% | +10.3% | +0.0% | -8.7% | +0.0% | -7.5% | +0.0% | -20.9% | +0.0% | -0.1% | +0.0% | +0.7% | +0.0% |
| YoY Change | — | — | — | — | — | — | +54.5% | +54.5% | -6.8% | -6.8% | -33.2% | -33.2% | -26.9% | -26.9% | -20.4% | -20.4% |
Range$401.20M – $679.05M
CAGR+3.5%
Avg YoY Growth-6.6%
Median YoY Growth-20.4%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s origination and servicing — total operating expenses?
- New Residential Investment Corp. (NRZ) reported origination and servicing — total operating expenses of $456.31M in Q3 2023.
- How has New Residential Investment Corp.'s origination and servicing — total operating expenses changed year-over-year?
- New Residential Investment Corp.'s origination and servicing — total operating expenses decreased by 20.4% year-over-year, from $573.37M to $456.31M.
- What does origination and servicing — total operating expenses mean?
- The total cost to run the origination and servicing business segment.