Internship
Mr. Cooper
1,001-5,000 employees
Home loan origination and servicing provider
Compensation Overview
$17.31 - $20.67/hr
No H1B Sponsorship
Dallas, TX, USA
Candidates can work from home in various states including Wisconsin, Washington, Vermont, Virginia, Utah, Texas, Tennessee, South Dakota, South Carolina, Pennsylvania, Oregon, Oklahoma, Ohio, Nevada, New Mexico, New Jersey, New Hampshire, Nebraska, North Dakota, North Carolina, Montana, Mississippi, Missouri, Minnesota, Michigan, Maine, Maryland, Massachusetts, Louisiana, Kentucky, Kansas, Indiana, Illinois, Idaho, Iowa, Hawaii, Georgia, Florida, Delaware, Connecticut, El Paso, Colorado, Fayetteville, Arkansas, California, Arizona, Arkansas, Alabama, Alaska, Wyoming, West Virginia.
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- Be enrolled full-time and pursuing an undergraduate or graduate degree from an accredited college/university or have graduated within one year of start date (June 2025)
- Pursuing an undergraduate or graduate degree in Finance, Economics, Mathematics, Data Science, or a related quantitative field.
- Demonstrated proficiency in SQL, with the ability to write complex queries and manipulate large datasets.
- Strong analytical and problem-solving skills, with the ability to interpret data and draw meaningful conclusions.
- Candidates must have authorization to work permanently in the US without the need for sponsorship (Currently, our organization is unable to support candidates that are on OPT, CPT or candidates that will need sponsorship, now or in the future)
- Assist in daily loan operations tasks, gaining exposure to the lifecycle of mortgage loans within the capital markets context.
- Support the pricing team by learning and participating in the analysis of market data and pricing models.
- Observe and learn hedging strategies, understanding how financial instruments are used to mitigate risk.
- Assist in the pooling and securitization process, learning how mortgage loans are packaged for sale to investors.
- Shadow traders and analysts, gaining insight into the dynamic environment of capital markets trading.
- Participate in process improvement initiatives across various capital markets functions.
- Contribute to data analysis and reporting, utilizing SQL and other tools.
Mr. Cooper provides home loan and mortgage servicing solutions for individuals and families looking to buy, sell, or refinance their homes. As the third largest home loan servicer in the United States, it offers various mortgage products, including conventional loans, FHA loans, and VA loans, catering to a wide range of clients. The company not only originates loans but also manages the ongoing administrative tasks, such as payment collection and customer service. Mr. Cooper stands out from competitors by prioritizing customer experience, aiming to make the home buying and refinancing process smooth and transparent. The company's goal is to support clients in achieving their homeownership dreams while ensuring a positive experience throughout the loan process.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Texas, South Carolina
Founded
1994
Simplify's Take
What believers are saying
- Increased demand for digital mortgage solutions aligns with Mr. Cooper's customer-centric approach.
- The rise of blockchain technology could enhance transparency and reduce fraud in mortgage servicing.
- The secondary mortgage market's activity could boost Mr. Cooper's revenue from selling loans.
What critics are saying
- Rising interest rates may reduce demand for Mr. Cooper's mortgage products.
- The recent cybersecurity breach could lead to significant legal costs and reputational damage.
- Issuing $1 billion in debt at 7.125% interest could increase financial pressure.
What makes Mr. Cooper unique
- Mr. Cooper focuses on customer experience, enhancing transparency in home loan processes.
- The company offers a wide range of mortgage products, including FHA and VA loans.
- Mr. Cooper is the third largest home loan servicer in the United States.
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Benefits
Remote Work Options
Company News
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
Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned s
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
Nationstar Mortgage Holdings will issue senior notes due in 2032 at 7.125% per year.
Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned s