Mr Cooper Group IncNASDAQ COOP Stock Report

Mr. Cooper Group, Inc. engages in the provision of residential loan services. The company is headquartered in Coppell, Texas and currently employs 6,600 full-time employees. The company went IPO on 2006-09-13. The firm provides servicing, origination and transaction-based services related to single-family residences throughout the United States. The firm also provides real estate-owned (REO) disposition services. The firm operates through two segments: Servicing and Originations. The Servicing segment performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service and modifying loans. The Originations segment originates residential mortgage loans through its direct-to-consumer channel, which provides refinance options for its existing customers, and through its correspondent channel, which purchases or originates loans from mortgage bankers. The Company’s primary brands include Mr. Cooper and Xome.