Mr. Cooper Group

Mr. Cooper Group

Mortgage origination and servicing provider

Overview

Mr. Cooper provides home loan services in the United States by originating and servicing mortgages, including conventional, FHA, and VA loans, as well as refinancing. A loan is funded for a borrower and then serviced over its life, with Mr. Cooper handling payments, escrow, and customer service, earning both origination and servicing fees. It differentiates itself by offering both origination and ongoing servicing at scale, plus personalized support and financial education across multiple loan types. Its goal is to make homeownership accessible and manageable through comprehensive mortgage services and a strong national presence.

About Mr. Cooper Group

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

Industries

Financial Services

Real Estate

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Texas

Founded

1994

Simplify Jobs

Simplify's Take

What believers are saying

  • Rocket's $9.4B acquisition builds $2.1T portfolio serving 10M customers.
  • Home Point Capital $324M buy expands origination capabilities.
  • $1B senior notes offering strengthens capital for MSR growth.

What critics are saying

  • DOJ antitrust blocks Rocket acquisition in 6-12 months.
  • FHFA 15% cap forces $300B divestiture slashing 20-25% revenue.
  • Ongoing 2023 breach lawsuits bankrupt firm via $500M FHFA fines.

What makes Mr. Cooper Group unique

  • Mr. Cooper leads as largest U.S. mortgage servicer with 10.9% market share.
  • Offers dual origination and servicing for conventional, FHA, and VA loans.
  • Acquired Roosevelt Management to attract institutional MSR investors.

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Funding

Total Funding

$1B

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

Health Insurance

Remote Work Options

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Mental Health Support

Gym Membership

Conference Attendance Budget

Professional Development Budget

Stock Options

Company Equity

Phone/Internet Stipend

Home Office Stipend

Flexible Work Hours

Paid Vacation

Paid Holidays

PTO

Family Planning Benefits

Fertility Treatment Support

Stock Price

Company News

HousingWire
Oct 19th, 2025
Rocket trims workforce post $14.2B acquisition

Rocket reduced its workforce after acquiring Mr. Cooper for $14.2 billion in October, 51% higher than its March valuation. The acquisition led to overlapping roles, prompting layoffs to streamline operations. Rocket also acquired Redfin for $1.75 billion and implemented a 2% layoff in July. Affected employees receive severance, including 12 weeks' pay and benefits for up to 12 months. Roles in recruiting and business program management were notably impacted.

Business Wire
Sep 4th, 2025
Mr. Cooper Group Inc. Stockholders Approve Merger Agreement with Rocket Companies, Inc.

Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper” or the “Company”) today announced that at a special meeting of Company stockholders held earlier today, it...

HousingWire
Aug 26th, 2025
Rocket's $9.4B Acquisition of Mr. Cooper

Rocket announced a $9.4 billion all-stock acquisition of Mr. Cooper, the largest U.S. mortgage servicer. The FHFA approved the deal with safeguards, including a 20% concentration cap for Fannie and Freddie to protect the housing market. The acquisition will give Rocket a $2.1 trillion servicing portfolio, covering nearly 10 million customers. Rocket is also pursuing a $1.75 billion acquisition of Redfin and is the third-largest mortgage lender with $46.8 billion in originations in H1 2025.

finanzen.net
Jun 27th, 2025
PUDO Inc. Shares Acquired by Cooper

Richard Cooper and Cardinal Couriers Ltd. filed an Early Warning Report for acquiring shares of PUDO Inc. On March 1, 2023, Cardinal acquired 1,489,314 shares via an amalgamation, increasing its stake to 14.5%. On March 7, 2025, PUDO settled debt with Cardinal by issuing 1,877,511 shares, raising Cardinal's stake to 17.6%. Cooper's total holdings rose to 19.1%. The Acquirors may adjust their holdings based on market conditions. The report is available on SEDAR+.

Yahoo Finance
Apr 13th, 2025
Rocket acquires Mr. Cooper for $9.4B

Rocket Companies is acquiring Mr. Cooper, the largest mortgage servicer in the U.S., for $9.4 billion. This deal will expand Rocket's servicing portfolio to $2.1 trillion, covering nearly 10 million customers, or about one in six U.S. mortgages. Additionally, Rocket is acquiring Redfin for $1.75 billion. CEO Varun Krishna aims to leverage data and AI to enhance customer relationships and solidify Rocket's position in the homeownership market.

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