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Mr Cooper Group Inc (Mr Cooper) is a provider of mortgage servicing, origination, and transaction-based services for single-family residences. It provides Pyro Machine-Learning Platform, is a SaaS machine-learning platform which transforms unstructured documents into digitized records and simplifies document management across the mortgage lifecycle. The company's services include mortgage servicing, subservicing, private label subservicing, special servicing, master servicing, direct-to-consumer originations, correspondent lending, and white-label originations. It offers services under the brand name The company serves homeowners, banks, non-bank mortgage companies, real estate agents, and investors. Mr. Cooper is headquartered in Dallas, Texas, the US.
Headquarters
United States of America
Address
8950 Cypress Waters Blvd., Coppell, Texas, 75019
Website
www.mrcoopergroup.com
Telephone
1 469 5492000
No of Employees
7,900
Industry
Financial Services
Revenue (2024)
$2.2B
Products and Services
| Products | Services | Brands |
|---|---|---|
| Pyro Machine-Learning Platform | Mortgage Servicing | Xome |
| Subservicing | Mr.Cooper | |
| Private Label Subservicing | Rushmore Servicing | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Ownership Changes | In October, the company was acquired by Rocket Companies, a Detroit-based homeownership platform. |
| 2025 | Contracts/Agreements | In January, the company entered into an agreement to sell the wholesale and non-delegated correspondent mortgage business to A&D Mortgage, LLC. |
| 2024 | Acquisitions/Mergers/Takeovers | In November, the company acquired Flagstar Bank N.A's mortgage operations. |
Competitor Comparison
| Key Parameters | Mr Cooper Group Inc | Bank of America Corp | Morgan Stanley | U.S. Bancorp | The PNC Financial Services Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Coppell | Charlotte | New York | Minneapolis | Pittsburgh |
| State/Province | Texas | North Carolina | New York | Minnesota | Pennsylvania |
| No. of Employees | 7,900 | 211,000 | 83,000 | 68,520 | 53,686 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jay Bray | Chairman; Chief Executive Officer | Executive Board | 2018 | 58 |
| Kurt Johnson | Executive Vice President; Chief Financial Officer | Senior Management | 2021 | 55 |
| Carlos M. Pelayo | Executive Vice President; Chief Legal Officer | Senior Management | 2023 | 56 |
| Carlos Pelayo | Executive Vice President; Chief Legal Officer | Senior Management | - | - |
| Christine Paxton | Chief Compliance Officer; Executive Vice President; Chief Risk Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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