Tag Archives: Mr. Cooper

Profits roll in at Mr. Cooper as it pursues tech-fueled growth

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Deal to acquire Flagstar’s mortgage servicing business and correspondent lending platform is projected to grow Mr. Cooper’s servicing portfolio to $1.59 trillion. Continue reading →

Flagstar shedding 1,900 workers, but many could land at Mr. Cooper

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A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company’s mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper. Continue reading →

Mr. Cooper adds to leadership team with eye on technology

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Sridhar Sharma, who’s credited with developing Mr. Cooper’s patented AI, has been promoted to a new role, and three new tech leaders are joining from other companies. Continue reading →

Sagent hires Mr. Cooper vet Jaime Gow to grow new servicing platform

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In what’s shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing. Continue reading →

3rd round of layoffs at Newrez brings 2024 job cuts to 750

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After cutting nearly 500 jobs after Computershare acquisition, lender to eliminate another 277 positions in August, including senior executives in Colorado, Arizona and Florida. Continue reading →

2024 Inman Innovator Awards finalists unveiled ahead of ICLV

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Awarded since 1998, the Inman Innovator Awards honor the thought leaders making new visions of real estate a reality. Winners will be announced live at Inman Connect Las Vegas, July 30-Aug 1. Continue reading →

Newrez laying off nearly 500 workers after Rithm acquisitions

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Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending. Continue reading →

Xome’s DIY platform lets investors sell homes without an agent

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Homeowners can’t sell a primary residence through Xome’s seller portal without a listing agent, but can hire an agent on their own or ask Xome to match them with one. Continue reading →

LoanDepot hackers had access to Social Security numbers, DOBs

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The lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9 million consumers affected by the January cyberattack. Continue reading →

Ransomware group claims it was behind loanDepot cyberattack

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The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group. Continue reading →