COOP
- Mr. Cooper Group Inc.
()
Overview
Company Summary
Mr. Cooper Group Inc., commonly known as Mr. Cooper, is a diversified mortgage services company based in the United States. The company primarily operates in three segments: Mortgage Servicing, Originations, and Xome.
1. Mortgage Servicing: Mr. Cooper is one of the largest mortgage servicers in the country, servicing loans on behalf of investors and government entities. This segment involves managing the day-to-day administration and processing of mortgage loans, including collecting payments, handling customer inquiries, managing escrow accounts, and ensuring compliance with relevant regulations. Mr. Cooper aims to provide a seamless experience for homeowners throughout the life of their mortgage.
2. Originations: Through its origination segment, Mr. Cooper facilitates the process of obtaining new mortgage loans. This includes assisting customers in obtaining financing for purchasing a home or refinancing an existing mortgage. The company offers a range of mortgage products and loan options to cater to the diverse needs of borrowers.
3. Xome: Xome is a subsidiary of Mr. Cooper Group Inc. and provides a range of technology-driven real estate solutions. Xome offers end-to-end services for homebuyers and sellers, including online home search platforms, property valuation, title and closing services, online auction platform for distressed properties, and an agent network to aid in the buying and selling process.
Overall, Mr. Cooper Group Inc. is primarily involved in mortgage servicing, loan originations, and provides additional real estate-related services through its subsidiary, Xome. The company aims to enhance the mortgage experience for customers by leveraging technology and offering a comprehensive suite of services throughout the loan lifecycle.