Mr Cooper Group Inc (Mr. Cooper Group) is a residential loan services provider. The company offers residential mortgages and mortgage refinancing facilities to existing servicing customers, origination, mortgage servicing, home loan, home loan servicing, home loan refinance and mortgage calculators among others. Mr. Cooper Group also provides originations to its customers through direct-to-consumer and wholesale lending channels. The company also offers data-enhanced and technology solutions to homebuyers, real estate agents, home sellers, mortgage companies and others. It provides services under the brands Xome and Mr.Cooper. The company operates across the US. Mr. Cooper Group is headquartered in Coppell, Texas, the US.
Headquarters
United States of America
Address
8950 Cypress Waters Blvd, Coppell, Texas, 75019
Website
www.mrcoopergroup.com
Telephone
1 214 6874958
No of Employees
6,800
Industry
Financial Services
Ticker Symbol & Exchange
COOP (NASD)
Revenue (2022)
$1.8B
-27.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-45.8%
(2022 vs 2021)
Market Cap*
$5.3B
Net Profit Margin (2022)
XYZ
-25.6%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Services | Brands |
|---|---|
| Mortgage | Xome |
| Re Finance Services | Mr.Cooper |
| Technology and Data Solutions | Rushmore Servicing |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In August, the company acquired Home Point Capital Inc. |
| 2023 | Acquisitions/Mergers/Takeovers | In August, the company acquired Roosevelt Management Company LLC. |
| 2022 | Contracts/Agreements | In February, the company and Sagent M&C, LLC announced the execution of a definitive agreement under which Sagent to purchase certain intellectual property rights related to Mr. Cooper’s proprietary, cloud-based technology platform for mortgage servicing. |
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 | 6,800 | 213,000 | 80,000 | 75,465 | 54,813 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jay Bray | Chairman; Chief Executive Officer | Executive Board | 2018 | 57 |
| Kurt Johnson | Executive Vice President; Chief Financial Officer | Senior Management | 2021 | 54 |
| Sridhar Sharma | Executive Vice President; Chief Information Officer | Senior Management | 2015 | - |
| Carlos M. Pelayo | Chief Legal Officer; Executive Vice President | Senior Management | 2023 | 55 |
| Kelly Ann Doherty | Executive Vice President; Chief Administrative Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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