| Market Capitalization (Millions $) |
13,721 |
| Shares
Outstanding (Millions) |
65 |
| Employees |
6,800 |
| Revenues (TTM) (Millions $) |
2,246 |
| Net Income (TTM) (Millions $) |
433 |
| Cash Flow (TTM) (Millions $) |
147 |
| Capital Exp. (TTM) (Millions $) |
48 |
Business Description
Mr Cooper Group Inc. is a publicly traded company based in Dallas, Texas that specializes in mortgage servicing and origination. The company was founded in 1994 as the predecessor to Nationstar Mortgage, and underwent a name change to Mr Cooper Group in 201 Mr Cooper Group serves more than 3 million customers in all 50 states.
Mortgage Servicing: Mr Cooper Group is one of the largest mortgage servicers in the country, with a portfolio of over 3 million loans with an unpaid principal balance of more than $600 billion. The company is responsible for collecting payments from borrowers, monthly servicing fees, and managing property taxes insurance.
Mortgage Origination: In addition to mortgage servicing, Mr Cooper Group is also involved in mortgage origination, offering a variety of loan products to customers. These include conventional, FHA, VA, and jumbo loans. The company operates both direct-to-consumer and wholesale channels for mortgage origination.
Technology: Mr Cooper Group is known for its use of technology to improve the mortgage servicing process. The company has developed several proprietary platforms to streamline its operations and provide better customer service. This includes a mobile app that allows customers to manage their mortgage accounts on-the-go.
Community Involvement: Mr Cooper Group is committed to supporting its local communities through various charitable initiatives. The company partners with organizations such as the American Red Cross, Habitat for Humanity, and the United Way to provide disaster relief, affordable housing, and financial education to those in need.
Leadership: Mr Cooper Group is led by a team of experienced executives who are committed to driving innovation and growth in the mortgage industry. Chairman and CEO, Jay Bray, has been with the company since its inception and has played a key role in its evolution.
Overall, Mr Cooper Group Inc. is a well-respected player in the mortgage servicing and origination industry, known for its commitment to technology, community involvement, and customer satisfaction.
Company Address: 8950 Cypress Waters Blvd Coppell 75019 TX
Company Phone Number: 549-2000 Stock Exchange / Ticker: NASDAQ COOP
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