Discontinued — last reported Q3 '23
Business Segments · Operating Expenses
Servicing — Operating Expenses
New Residential Investment Corp. Servicing — Operating Expenses remained flat by 0.0% to $187.57M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 10.7%, from $169.38M to $187.57M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2023Nov 1, 2023
Rolls up toTotal Operating Expenses
How to read this metric
A decrease relative to revenue indicates improved operating efficiency, while an increase suggests rising costs or reduced efficiency.
Detailed definition
This metric represents the total costs incurred to operate the servicing segment, including personnel, technology, admin...
Peer comparison
Standard operating expense metric used across all industries to measure segment-level costs.
Metric ID:
ritm_segment_servicing_operating_expensesHistorical Data
20 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $105.60M | $105.60M | $126.80M | $126.80M | $146.60M | $146.60M | $136.54M | $136.54M | $146.89M | $146.89M | $169.38M | $169.38M | $252.33M | $252.33M | $181.91M | $181.91M | $175.68M | $175.68M | $187.57M | $187.57M |
| QoQ Change | — | +0.0% | +20.1% | +0.0% | +15.6% | +0.0% | -6.9% | +0.0% | +7.6% | +0.0% | +15.3% | +0.0% | +49.0% | +0.0% | -27.9% | +0.0% | -3.4% | +0.0% | +6.8% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +39.1% | +39.1% | +33.6% | +33.6% | +72.1% | +72.1% | +33.2% | +33.2% | +19.6% | +19.6% | +10.7% | +10.7% |
Range$105.60M – $252.33M
CAGR+12.9%
Avg YoY Growth+34.7%
Median YoY Growth+33.4%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — operating expenses?
- New Residential Investment Corp. (NRZ) reported servicing — operating expenses of $187.57M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — operating expenses changed year-over-year?
- New Residential Investment Corp.'s servicing — operating expenses increased by 10.7% year-over-year, from $169.38M to $187.57M.
- What does servicing — operating expenses mean?
- The total costs required to run the operations of the servicing business segment.