Mr. Cooper Group Inc.
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Mr. Cooper Group Inc. - overview
Established
1994
Location
Dallas, TX, US
Primary Industry
Financial Services
About
Founded in 1994 and based in Washington, US, Mr. Cooper Group Inc. , formerly known as WMI Holdings Corp. and Washington Mutual, Inc.
, is a non-bank servicer of residential mortgage loans and a major mortgage originator. In February 2022, Sagent M&C, LLC agreed to acquire a minority stake in Mr. Cooper Group Inc. from Blum Capital Partners for USD 9.
9 million in cash. The company operates through two operating segments: Servicing and Originations mainly under its primary brands Mr. Cooper® and Xome®. The servicing segments solutions include collecting loan payments, remitting principal and interest payments to investors, and managing escrow funds for the payment of mortgage-related expenses.
The Originations segment provides real estate-owned disposition and refinances services through our Xome subsidiary to homebuyers, home sellers, real estate agents, and mortgage companies. In 2021, the company generated USD 3. 3 billion in revenue and USD 2. 7 billion in 2020.
Current Investors
Warburg Pincus, Sagent Lending Technologies
Primary Industry
Financial Services
Sub Industries
Consumer Finance, Mortgage Banking, Reinsurance
Website
www.mrcoopergroup.com
Verticals
FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Mr. Cooper Group Inc. - financials
| Fiscal Year Ended | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 14,229,000,000 | - | - | - | - | 21,287,000 | 10,168,000 | 8,548,000 | 6,000,000 | 5,396,000 | 7,890,000 | 594,000,000 | 2,007,000,000 | 2,733,000,000 | 3,318,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | (52.2%) | (15.9%) | (29.8%) | (10.1%) | 46.2% | 7428.5% | 237.9% | 36.2% | 21.4% | - | - | - |
| EBITDA (USD) | - | - | - | - | - | 2,995,000 | 17,544,000 | 26,958,000 | (14,483,000) | 305,000 | (2,367,000) | 173,000,000 | 1,235,000,000 | 2,474,000,000 | 57,000,000 | - | - | - |
| Operating Income (USD) | - | - | - | - | - | 1,158,000 | 15,235,000 | 25,295,000 | (15,057,000) | 78,000 | (2,483,000) | (100,000,000) | 171,000,000 | 767,000,000 | 1,937,000,000 | - | - | - |
| Operating Margin | - | - | - | - | - | 5.4% | 149.8% | 295.9% | (250.9%) | 1.4% | (31.5%) | (16.8%) | 8.5% | 28.1% | 58.4% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | 14.1% | 172.5% | 315.4% | (241.4%) | 5.7% | (30.0%) | 29.1% | 61.5% | 90.5% | 1.7% | - | - | - |
| NET Income (USD) | 100,000 | - | - | - | - | (12,353,000) | 338,000 | 3,070,000 | (61,833,000) | 201,700,000 | 25,882,000 | 884,000,000 | 270,000,000 | 307,000,000 | 1,454,000,000 | - | - | - |
| % Net Margin | 0.0% | - | - | - | - | (58.0%) | 3.3% | 35.9% | (1030.5%) | 3738.0% | 328.0% | 148.8% | 13.5% | 11.2% | 43.8% | - | - | - |
Mr. Cooper Group Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Home Point Capital | - | ||||||||
| Add-on | Completed | Roosevelt Management Company LLC | - | ||||||||
| Sale to Management | Completed | Mr. Cooper Group Inc. | - | ||||||||
| Sale to Management | Completed | Mr. Cooper Group Inc. | - | ||||||||
| Add-on | Completed | Nationstar Mortgage LLC | - |
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