Mr Cooper Group Inc (OQ:COOP)

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
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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

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