Full-Time
Mr. Cooper
1,001-5,000 employees
Home loan origination and servicing provider
No salary listed
Mid
Company Does Not Provide H1B Sponsorship
Chennai, Tamil Nadu, India
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- Proficient in programming languages like Python, R, or MATLAB
- Experience in statistical analysis and mathematical modeling
- Ability to analyze large datasets to extract meaningful insights
- Knowledge of statistical techniques and machine learning algorithms
- Experience in developing financial models
- Design and develop quantitative models using statistical analysis, mathematical modeling, and programming languages
- Analyze large datasets to extract meaningful insights, identify trends, correlations, and patterns
- Implement and validate statistical techniques, machine learning algorithms, and financial models
- Document model methodologies, validation procedures, and results comprehensively
- Assess and mitigate risks associated with quantitative models
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 goal of Mr. Cooper 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
- Acquisition by Rocket Companies could expand Mr. Cooper's servicing portfolio significantly.
- Issuance of senior notes may provide capital to repay outstanding MSR facilities.
- Integration of AI in customer service could enhance user experience and streamline operations.
What critics are saying
- Rising interest rates may decrease demand for refinancing, impacting revenue.
- Integration challenges from Rocket acquisition could disrupt operations and customer service.
- Federal class action lawsuits from cybersecurity breach could incur significant legal costs.
What makes Mr. Cooper unique
- Mr. Cooper focuses on customer experience, seeing home loans through clients' eyes.
- 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
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.
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.