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New Residential Investment Corp. (NYSE:NRZ ) Q1 2022 Earnings Conference Call May 3, 2022 8:00 AM ET Company Participants Bohe Yu - Investor Relations Michael Nierenberg - Chairman, Chief Executive Officer and President Nick Santoro - Chief Financial Officer Baron Silverstein - President, NewRez/Caliber Conference Call Participants Bose George - KBW Kevin Barker - Piper Sandler Eric Hagen - BTIG Doug Harter - Credit Suisse Stephen Laws - Raymond James Giuliano Bologna - Compass Point Trevor Cranston - JMP Securities Courtney Bahlman - Barclays Operator Good morning and welcome to the New Residential First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

New Residential Investment (NRZ) delivered earnings and revenue surprises of 8.82% and 1.37%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

New Residential's (NRZ) Q1 results are anticipated to display weakness in its servicing business. A decline in the prepayment speed is expected to have led to positive marks on MSR values in the quarter.