Mr Cooper Group Inc fka COOP

[Duyrowndd]

NDT

It really does not take much manpower to administer ministerial actions related to distribution of proceeds to/from bank accounts.

Really minimal effort if it is setup correctly.


It does not take a complex company structure to do a few very defined processes. Especially with the automation available now.

I have worked in a Fortune 500 company that had $2.48 Billion in revenue. It had 3 accountants, 9 IT people, a CFO and a CIO.

We were able to process and send by fax - 2000 invoices, 2000 ACH payments(Wire payments from Customer accounts) and 2000 Advance Ship Notices every night. It was completely automated. About 10M each business night.

We maintained a $0 DSO on our books and gave no terms to our customers

Those listed in Paladin have more than enough talent to make this happen. They may have to add a few bookkeepers/call center people to answer questions and setup the wire process for the first transfers.

But that is later and not until the process starts. So 2M is way more than is needed to start building the company to perform these tasks.

IT is NOT capital or human resource intensive work.

DUY