Mr Cooper Group Inc (COOP)

[Royal Dude]

"Key Facts about the Acquisition
In this acquisition, Mr. Cooper will take ownership of the entire, existing Pacific Union Financial company including their Correspondent, Wholesale and Servicing divisions.
Pacific Union is a leading originator with a servicing portfolio of approximately $25 billion.
Integration of the Pacific Union Financial platform enables Mr. Cooper to expand its presence in correspondent and wholesale originations with delegated and non-delegated product offerings.
Pacific Union Financial is expected to bring more than 700 active correspondent clients (there is only about 20% overlap with Mr. Cooper’s existing clients) and more than 1,800 mortgage brokers.
Incremental annual originations volume potential is estimated in excess of $10 billion with over 80% being purchase loans.
Subject to regulatory approvals, the close is anticipated in the first quarter of 2019 at which time Mr. Cooper will welcome Pacific Union team members to Mr. Cooper and board more than 120,000 customers to the Servicing platform."

https://mrcoopergroup.com/press-releases/mr-cooper-group-announces-intent-to-acquire-pacific-union-financial/