Mr Cooper Q4 2024 Earnings Report

Key Takeaways

Mr. Cooper Group reported a strong fourth quarter with net income of $204 million and total revenue of $654 million. The company achieved an operating ROTCE of 15.8%, driven by a 57% year-over-year growth in its servicing portfolio and successful completion of the Flagstar mortgage operations acquisition.

Total Revenue

$654M

Previous year: $404M

+61.9%

EPS

$3.13

Previous year: $1.71

+83.0%

Originations Margin

21%

Total Originations Loans Sold

$9.29B

Previous year: $1.73K

+536683897.7%

Servicing and Subservicing Portfolio Loan Count

6.7M

Previous year: 4.56M

+46.9%

Cash and Equivalents

$753M

Previous year: $740M

+1.8%

Total Assets

$18.9B

Previous year: $14.2B

+33.4%

Mr Cooper Revenue

Mr Cooper EPS

Mr Cooper Revenue by Segment

Forward Guidance

Mr. Cooper Group remains optimistic about continued growth in servicing and originations, while focusing on cost leadership and operational efficiencies.

Positive Outlook

Strong balance sheet with increased liquidity.
Expansion of servicing portfolio with significant year-over-year growth.
Successful integration of Flagstar mortgage operations.
Continued focus on cost leadership and fee revenues.
Technological advancements supporting business scalability.

Challenges Ahead

Higher interest rates impacting refinancing activity.
Potential macroeconomic uncertainties affecting housing market.
Regulatory changes could impact operational costs.
Competitive pressures in the mortgage servicing industry.
Fluctuations in mark-to-market valuations affecting reported earnings.