Mr Cooper Q1 2021 Earnings Report
Key Takeaways
Mr. Cooper Group reported a strong first quarter in 2021, achieving a net income of $561 million, driven by record pretax operating income of $363 million and significant origination volume. The company also strategically grew its servicing portfolio and executed capital management initiatives, including share repurchases and the sale of Title365.
Net income reached $561 million, or $5.92 per diluted share, inclusive of a $373 million mark-to-market adjustment.
Pretax operating income hit a record $363 million, demonstrating strong operational efficiency.
Originations generated $362 million in pretax income on a record funded volume of $25.1 billion.
The servicing portfolio expanded by 3% quarter-over-quarter, reaching $646 billion.
Mr Cooper
Mr Cooper
Mr Cooper Revenue by Segment
Forward Guidance
The report does not contain any forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income