Mr. Cooper

Mr. Cooper

Home loan origination and servicing provider

About Mr. Cooper

Simplify's Rating
Why Mr. Cooper is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Rating Differentiation

Industries

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Texas

Founded

1994

Overview

Company Does Not Provide H1B Sponsorship

Mr. Cooper provides home loan services in the United States, serving a variety of clients including first-time homebuyers and veterans. The company offers different types of loans such as conventional loans, FHA loans, and VA loans. Mr. Cooper not only originates these loans but also manages the ongoing payments and customer service throughout the life of the loan. This means they earn revenue from both the initial loan fees and the ongoing servicing fees. What sets Mr. Cooper apart from its competitors is its focus on personalized support and educational resources, helping clients understand the home financing process. The goal of Mr. Cooper is to make homeownership accessible and manageable for everyone.

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Home Point Capital expands Mr. Cooper's market presence and capabilities.
  • Hiring 2,000 new team members supports growing demand and enhances service capacity.
  • Increased demand for digital mortgage solutions aligns with Mr. Cooper's innovation goals.

What critics are saying

  • Rising interest rates may reduce demand for new mortgages and refinancing.
  • Integration challenges from acquiring Home Point Capital could disrupt service quality.
  • Increased competition from fintech companies may erode Mr. Cooper's market share.

What makes Mr. Cooper unique

  • Mr. Cooper offers a wide range of loan products including FHA and VA loans.
  • The company provides personalized support and educational resources for home financing.
  • Mr. Cooper manages both loan origination and servicing, ensuring consistent customer experience.

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Funding

Total Funding

$1000M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Company News

Mr. Cooper Group
Jul 31st, 2024
Mr. Cooper Group Inc. Announces Pricing of Offering of $750 Million of Senior Notes

Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper (“Nationstar”), of $750,000,000 6.500% Senior Notes due 2029 (the “Notes”). The Notes will bear interest at 6.500% per annum and will mature on August 1, 2029. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on February 1, 2025. The offering is expected to close on or around August 1, 2024, subject to customary closing conditions. It is expected that the net proceeds of the offering will be used to repay a portion of the amounts outstanding under Mr. Cooper’s MSR facilities. The Notes will be guaranteed on a joint and several basis by Mr. Cooper and wholly-owned domestic subsidiaries of Nationstar (other than certain excluded subsidiaries). The offering of the Notes was made in reliance upon an exemption from the registration requirements of the Securities Act

Business Wire
Jul 30th, 2024
Mr. Cooper Group Inc. Announces Pricing of Offering of $750 Million of Senior Notes

Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned s

Investopedia
Jul 25th, 2024
NYCB Faces a Tough Road to Profitability

NYCB also said Thursday that its Flagstar Bank unit agreed to sell its residential mortgage servicing business to Mr. Cooper Group (COOP) for $1.4 billion.5

HousingWire
Jan 30th, 2024
Mr. Cooper subsidiary to issue $1B in debt - HousingWire

Nationstar Mortgage Holdings will issue senior notes due in 2032 at 7.125% per year.

Business Wire
Jan 30th, 2024
Mr. Cooper Group Inc. Announces Pricing of Offering of $1 Billion of Senior Notes

Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned s

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