COOP 📈 Mr. Cooper - Overview

Mr. Cooper Group Inc. is a leading non-bank servicer of residential mortgage loans in the United States, operating through two primary segments: Servicing and Originations. The Servicing segment is responsible for managing mortgage loans on behalf of investors, which includes tasks such as collecting borrower payments, handling investor reporting, providing customer service, and modifying loans when necessary. Additionally, this segment also oversees collections, foreclosures, and the sale of real estate owned, ensuring that all aspects of mortgage servicing are efficiently handled. By leveraging its expertise in mortgage servicing, the company is able to provide a comprehensive range of services that cater to the diverse needs of its clients.

The Originations segment, on the other hand, focuses on originating residential mortgage loans through various channels, including direct-to-consumer and correspondent lending. This allows the company to tap into different markets and provide mortgage solutions to a broad range of customers. By originating new loans, Mr. Cooper Group Inc. is able to expand its portfolio and increase its revenue streams, while also providing borrowers with access to competitive mortgage products. The company's origination capabilities are a key component of its overall business strategy, as they enable it to grow its market share and establish long-term relationships with customers.

Mr. Cooper Group Inc. operates under the Mr. Cooper and Xome brands, which have become synonymous with quality and reliability in the mortgage servicing industry. With a strong commitment to customer service and a focus on delivering exceptional results, the company has established itself as a trusted partner for investors and borrowers alike. Founded in 2015 and headquartered in Coppell, Texas, Mr. Cooper Group Inc. has undergone significant transformations, including a name change from WMIH Corp. to its current moniker in October 2018. Today, the company is a major player in the commercial and residential mortgage finance sector, with a common stock listed on the NASDAQ exchange under the ticker symbol COOP.

As a publicly traded company, Mr. Cooper Group Inc. is subject to the scrutiny of investors and regulators, which has driven the company to maintain high standards of transparency and accountability. With a global security identification number (ISIN) of US62482R1077 and a classification as a common stock, the company's shares are widely traded on major exchanges. Furthermore, its classification under the GICS Sub Industry of Commercial & Residential Mortgage Finance reflects the company's specialized focus on mortgage servicing and origination, which has enabled it to develop a deep understanding of the complex needs of its clients and the markets it operates in.