Sector: Financials | Industry: Consumer Lending |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 8950 Cypress Waters Blvd COPPELL TX 75019 |
Tel: | N/A |
Website: | https://www.mrcoopergroup.com |
IR: | See website |
Key People | ||
Jay Bray Chairman of the Board, Chief Executive Officer | Michael S. Weinbach President | Christopher Marshall Vice Chairman |
Kurt Johnson Chief Financial Officer, Executive Vice President | Michael R. Rawls Chief Executive Officer of Xome Holdings LLC | Christine Poland Paxton Executive Vice President, Chief Compliance and Risk Officer |
Jay Jones Executive Vice President - Servicing | Carlos M. Pelayo Executive Vice President, Chief Legal Officer |
Business Overview |
Mr. Cooper Group Inc. provides servicing, origination and transaction-based services related to single family residences throughout the United States under the Mr. Cooper and Xome brands. The Company is also a home loan servicer and originator in the country focused on delivering a variety of servicing and lending products, services and technologies. The Company's 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, modifying loans. The Company's 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 subsidiaries are Home Point Capital Inc., and Roosevelt Management Company, LLC. |
Financial Overview |
For the fiscal year ended 31 December 2023, Mr Cooper Group Inc revenues decreased 27% to $1.79B. Net income decreased 46% to $500M. Revenues reflect Originations segment decrease of 55% to $332M, Servicing segment decrease of 17% to $1.38B. Net income also reflects Interest expense increase of 27% to $537M (expense), General and administrative expense - B increase of 12% to $476M (expense). |
Employees: | 6,800 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $12,888M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,794M as of Dec 31, 2023 |
EBITDA (TTM): | $699.00M as of Dec 31, 2023 |
Net annual income (TTM): | $500.00M as of Dec 31, 2023 |
Free cash flow (TTM): | $844.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $7,848M as of Dec 31, 2023 |
Shares outstanding: | 64,602,234 as of Feb 22, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |