Nationstar Mortgage LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Nationstar Mortgage LLC - overview
Established
1994
Location
Dallas, TX, US
Primary Industry
Financial Services
About
Based in Texas, US, and founded in 1994, National Mortgage LLC, doing business as Mr. Cooper® (f/k/a Nationstar Mortgage), operates as a non-banking financial company, that offers home loans, and refinance services for its clients. In 2006, Fortress Investment Group acquired Centex Home Equity and renamed the business as Nationstar Mortgage. It was independent until 2018 when WMIH (rebranded to Mr.
Cooper Group, Inc. ) acquired Nationstar Mortgage and made it their main operating subsidiary, itself trading under the name Mr. Cooper®. As of September 2021, Mr.
Cooper® is a part of Mr. Cooper Group, Inc. which trades on the NASDAQ under the ticker symbol COOP. Jay Bray is the company group's CEO and Chairman, and it employs more than 9000 employees and has served around 3.
5 million customers to date. National Mortgage LLC, primarily offers various mortgage options, including conventional, and jumbo loans, fixed-rate, adjustable-rate, VA, and FHA loans, and refinance services, to homeowners, home buyers, home sellers, and real estate investors throughout the United States. The firm provides its services exclusively through its website and mobile application, allowing the customers to submit, view, and track loan documents as well as application status, and make mortgage payments. Additionally, through its online platforms, the company provides suggestions, insights, and articles regarding the home-buying and mortgage-lending process, enabling clients to be completely aware of the whole process.
The company generates its revenue by charging lender fees, and service fees to its clients.
Current Investors
Mr. Cooper Group Inc., Fortress Investment Group
Primary Industry
Financial Services
Sub Industries
Mortgage Banking, e-Financial
Website
www.mrcooper.com
Verticals
FinTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Nationstar Mortgage LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Nationstar Mortgage LLC | - | ||||||||
| Add-on | Completed | Nationstar Mortgage LLC | - | ||||||||
| Add-on | Completed | Title365 Company | - | ||||||||
| Add-on, Trade Sale | Completed | Nationstar Mortgage Holdings Inc.'s wholesale lending channel and certain distributed retail assets | - | ||||||||
| Add-on | Completed | Equifax Settlement Services Holding, LLC | - |
Displaying 1 - 5 of 8
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.