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Mar 31, 2025
Mr Cooper Q1 2025 Earnings Report
Mr. Cooper reported strong financial performance in Q1 2025, driven by robust servicing income and steady originations activity.
Key Takeaways
Mr. Cooper delivered solid Q1 2025 results with $88 million in net income and $193 million in operating income, supported by a growing servicing portfolio and the announced merger with Rocket Companies.
Net income reached $88 million for the quarter.
Operating income was reported at $193 million.
Servicing portfolio grew 33% year-over-year to $1.514 trillion in UPB.
Announced combination with Rocket to form an integrated homeownership platform.
Forward Guidance
Management emphasized ongoing collaboration with Rocket and the ability of Mr. Cooper’s platform to continue delivering consistent, recurring results post-integration.
Positive Outlook
- Strong operating leverage in servicing segment.
- Consistent profitability despite market volatility.
- Solid execution in originations through DTC and correspondent channels.
- Strategic merger with Rocket expected to expand platform capabilities.
- Team positioned well for post-close integration.
Challenges Ahead
- Funded volume declined 10% quarter-over-quarter.
- Pull-through adjusted volume decreased 2% QoQ.
- Servicing mark-to-market was a negative $82 million.
- Total revenue declined from previous quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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