Mr. Cooper's Share Price Soars With $1T Servicing Portfolio In Sight
Thanks to its Home Point Capital acquisition and other pending transactions, the loan servicing giant delivered upbeat Q2 results Wednesday.
Source: inman.com
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Mr. Cooper To Use AI To Service $1 Trillion In Mortgage Loans | Inman
Loan servicer spends "several hundred million dollars a year" on call center operations and expects $50 million in annual savings at outset of multiyear AI project.
Source: inman.com
Mr. Cooper Lays Out Path To $1T Mortgage Servicing Rights Portfolio
Rising mortgage rates have many lenders looking to sell servicing rights, creating opportunity for Dallas-based company that now collects payments on $870 billion in loans.
Source: inman.com
Hints Of More Layoffs At Loan Servicer Mr. Cooper As Profits Wane In Q3
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate.
Source: inman.com
Blend's rough Q4 earnings report spurs lowered expectations for 2022
Following steep quarterly and annual losses, executives were optimistic that new revenue estimates are achievable in a rising interest rate environment, especially as customers transition to the Blend Title platform from Title365.
Source: nationalmortgagenews.com