Mr Cooper Q1 2022 Earnings Report
Key Takeaways
Mr. Cooper Group reported a strong first quarter with a net income of $658 million, which includes a $552 million MSR mark. The company's servicing UPB grew to $796 billion, and it closed the Sagent transaction, resulting in a pretax gain of $223 million.
Reported net income of $658 million, including a $552 million MSR mark.
Servicing UPB grew to $796 billion, up 27% year-over-year.
Closed Sagent transaction, resulting in a pretax gain of $223 million.
Repurchased 0.7 million common shares for $35 million.
Mr Cooper
Mr Cooper
Mr Cooper Revenue by Segment
Forward Guidance
While the sharp rise in interest rates will place pressure on the originations industry, the company is in a much better position than most, as it stand to benefit from significant improvements in servicing profitability during 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income