Comparing the current results to its competitors, Nationstar Mortgage Holdings Inc reported Revenue increase in the 2 quarter 2018 by 16.84 % year on year. The revenue growth was below Nationstar Mortgage Holdings Inc's competitors' average revenue growth of 125.76 %, achieved in the same quarter.
Nationstar Mortgage Holdings Inc. achieved net profit of $58.00 millions compared to a net loss of $-19.00 millions recorded in the same quarter a year ago.
Nationstar Mortgage Holdings Inc's Comment on Competitors and Industry Peers
The residential real estate market is highly competitive. In addition, because
of our broad array of services, we have a variety of competitors. Although having
an integrated platform increases the number of competitors, we believe it provides
us with a competitive advantage particularly as the residential real estate market
continues to evolve.
The Servicing segment primarily competes against large commercial banks and
savings institutions that have significantly greater resources and access to
capital than we do, which provides them the benefit of a lower cost of funds.
We also compete against other non-bank servicers. The ability to differentiate
ourselves and increase competitiveness is largely dependent upon our customer
centric servicing model and working effectively with regulators at both the
Federal and state level.
In the Originations segment, we compete with financial institutions, mortgage
bankers and mortgage lenders at the local, regional and national level. Many
of these institutions have significantly greater resources and access to capital,
which gives them the benefit of lower cost of funds. We face competition in
such areas as mortgage loan offerings, rates, fees and customer service. We
attempt to differentiate the value of our origination products primarily through
our customer service, mortgage loan offerings, rates and fees. In addition,
our Originations segment's ability to market to our existing servicing portfolio
provides a significant advantage compared to other originators.
The Xome segment primarily competes with a few national vendors as well as
a large number of regional and local providers of residential real estate service
offerings. In addition, we compete with the numerous technology providers in
the residential real estate industry. Since the Xome segment offers a diverse
array of services, we cannot estimate our position in the market with any amount
of certainty, but we believe we represent a small portion of very large-sized
markets. In addition, our customers retain multiple providers and continuously
evaluate our performance against various other competitors. Competitive factors
in our Xome segment include the compliance, quality and timeliness of our services,
the size and competence of our network of vendors and the breadth of the services
we offer.