Mr. Cooper Group Inc. completes acquisition of Flagstar Bank N.A.’s mortgage operations
11/01/24, 8:40 PM
Location
dallashicksvilleIndustry
financial services
banking
finance
financial services
Mr. Cooper Group Inc. has successfully closed the acquisition of Flagstar Bank N.A.’s mortgage operations, including MSRs, advances, subservicing contracts, and Flagstar’s third-party origination platform for approximately $1.3 billion in cash. This acquisition expands Mr. Cooper’s reach and ability to deliver full-service solutions to financial institutions and other clients, helping them manage their balance sheet and achieve their strategic goals.
Company Info
Location
Dallas, Texas, United States
Company info
Mr. Cooper Group Inc. (NASDAQ: COOP) provides customer-centric servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies.