Mr Cooper Q3 2021 Earnings Report
Key Takeaways
Mr. Cooper Group reported a strong third quarter with a net income of $299 million, driven by solid performance in both Servicing and Originations segments. The company continued to simplify its business model and delivered strong operating results.
Reported total net income of $299 million and $3.29 per diluted share, equivalent to ROCE of 36%.
Generated pretax operating income of $263 million, equivalent to ROTCE of 25.2%.
Book value per share increased to $43.40 and Tangible book value per share increased to $41.56.
Originations generated GAAP pretax income of $271 million and pretax operating income of $273 million on funded volume of $19.9 billion.
Mr Cooper
Mr Cooper
Mr Cooper Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income