Stay updated with breaking news from Jay Bray. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The companies plan to collaborate on the development of a cloud-native servicing platform, which could result in a stronger competitor to dominant player Black Knight in the marketplace.
Mr. Cooper Group, who sold its reverse mortgage business in 2021, credits that sale with a historically strong company balance sheet.
COOP earnings call for the period ending December 31, 2021.
Nationstar and Xome’s Conflict of Interest Called “Staggering” and “Unethical” in Lawsuit.
Mr. Cooper Group Inc. and Sagent M&C, LLC, have reached an agreement to create what they say will be the mortgage industry’s first “cloud-native, homeowner-first” mortgage-servicing platform. Under terms of the deal, Sagent will buy certain intellectual property rights related to Mr. Cooper’s proprietary, cloud-based technology platform for mortgage servicing, and Mr. Cooper will receive an equity stake in Sagent. Mr. Cooper also will become a multi-year customer of Sagent.