Michael Nierenberg is the managing director at Fortress Investment Company. He has brought with him vast skills that he has gained over his long career journey over the years. Before Fortress Investment Company, he worked in prestigious companies such as Bank of America, JP Morgan, Bear Stearns, among many others, all where he has held senior positions.
Mr Michael also holds a senior position at New Residential Investment Corp, a company that deals with offering mortgages to new homeowners. His able work at the company has resulted in high returns in the company, with its customer rate turnover shooting up compared to the previous year.
Michael Nierenberg aims at expanding the market of New Residential Investment by maintaining the already acquired customers. He goes ahead to explain that by doing this, the customers will have more trust in them and as a result, more buyers will join the company with the hope of getting their mortgage needs met.
Mike’s strategy has seen him grow the company to over ten percent. His skills have been boosted by his able staffs who work tirelessly to see that the dream of their boss is accomplished. As per now, the company is ahead of other mortgage companies, which is a positive return to it.
Mike strategy is always simple. He first looks at the rate of other mortgages in the market. He then comes up with how he can outdo those rates, ensuring that his company does not nose dive when it comes to making profits. This strategy has helped him in having the best prices for Nierenberg’s customers.
With the growing rate of medium income earners wanting to own a home, the company is bound to even grow to greater heights. All that Mike and his team have to do is to always be in the know-how with the current rates in the market. The 55 years old director is not yet to retire. He believes that his experience, knowledge and skills are much needed in the industry and by the young generation who want to be in the investment industry.
About Michael Nierenberg: www.corporationwiki.com/p/ia2v9/michael-nierenberg