Mr Cooper

Feb 23, 2021

•

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.