Mr Cooper Group Inc fka COOP

[Royal Dude]

First Quarter 2019 Highlights

Major highlights for the three months ended March 31, 2019 include the following:

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Boarded $110,124 UPB comprised of $45,590 UPB of forward MSR and $64,534 UPB of subservicing
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Provided 9,590 solutions to our mortgage servicing customers, reflecting our continued commitment to foster and preserve homeownership
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Maintained a low delinquency rate, measured as loans that are 60 or more days behind in payment, at 2.4%
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Funded 27,294 loans totaling $5,716 which included $2,143 related to retaining customers in our servicing portfolio
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Achieved recapture rate of 27.5%
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Sold 2,421 properties and completed 379,585 of Xome service orders
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Completed acquisition of Pacific Union, which allowed us to expand our servicing portfolio and increase our mortgage lending volume and capabilities
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Completed the acquisition of the Seterus mortgage servicing platform and assumed certain assets related thereto from IBM (“Seterus acquisition). In connection with Seterus acquisition, we entered into a subservicing contract for $42 billion in mortgages


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https://www.sec.gov/Archives/edgar/data/933136/000093313619000042/mrcooper0331201910-q.htm?fbclid=IwAR3DwkI4NGwfJBSjm3Hz2YlF0zRYg888hatCREWxo47YJOFJTkQbMINraLU