When Xome arrived on the scene in 2015, purporting to disrupt the real estate industry with an end-to-end platform, nobody was sure what to expect. By the end of 2016, it’s clear that the Nationstar subsidiary is a powerful performer for the company, and it’s opening up new opportunities — including a new partnership with “a leading ‘sale by owner’ platform.”
- Nationstar's net income for the fourth quarter of 2016 was $198 million -- significantly higher than Q3's $45 million in net income.
- For the year, Nationstar reported $223 million in adjusted pretax income.
- In Q4, Xome delivered $18 million in adjusted pretax income.
- When asked if Nationstar would sell Xome, Bray said: "We're evaluating that. An $800 million company with a 20 percent margin is worth a very big pile of money."
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Dive into the latest Technology affecting RE, July 17, 2018