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Dec 31, 2020
Mr Cooper Q4 2020 Earnings Report
Mr. Cooper Group reported a net income of $191 million for Q4 2020, driven by strong performance in the originations segment and strategic deleveraging.
Key Takeaways
Mr. Cooper Group reported a strong fourth quarter with a net income of $191 million, or $2.00 per diluted share. The company's originations segment achieved record funded volume, and strategic financial management improved the balance sheet.
Net income was reported at $191 million, or $2.00 per diluted share.
Pretax operating income reached $329 million, resulting in a ROTCE of 44.1%.
Originations segment generated pretax income of $435 million with a record funded volume of $24.5 billion, up 57% quarter-over-quarter.
The servicing portfolio grew 7% quarter-over-quarter to $626 billion.
Mr Cooper
Mr Cooper
Mr Cooper Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income