While rival Rocket Mortgage seeks to boost refis by becoming largest US loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers
Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper's J.D. Power rankings have been subpar for more than a decade
After turning a $198M Q2 profit, CEO Jay Bray says the loan servicing giant intends to 'hit the ground running' with integrated platform when it merges with Rocket Companies later this year
With antitrust regulators declining to weigh in, $1.75B deal to marry a tech-focused mortgage lender to real estate brokerage could close by the end of the month
From Zillow’s return to profit to CoStar’s continued growth, Q1 earnings reveal how companies are adapting — and competing — in a shifting market
Long-term agreement with ICE Mortgage Technology will help nation's largest mortgage lender bring $242B loan servicing portfolio in-house, boost repeat business and referrals
Nation's largest loan servicer turned an $88M Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that's prompted United Wholesale Mortgage to cut ties to Mr. Cooper
The all-stock deal is set to close in Q4 2025. Mr. Cooper Group Chair and CEO Jay Bray will become president and CEO of Rocket Mortgage while reporting to Rocket Companies CEO Varun Krishna
Companies doubling down on rentals, AI and streamlined operations pulled ahead, while others struggled with agent attrition and slowing sales
After posting $33M in profit in 2024, PHH Mortgage's parent company said Thursday it will invest further in loan servicing and the originations tech that handles a majority of its customer inquires
Dallas-based loan servicer is using AI to collect monthly mortgage payments from 6.7M homeowners, a business that generated $393M in pretax income during Q4
Looking beyond paper writedowns in the fair value of its mortgage servicing rights, CEO Varun Krishna is pleased as Q3 mortgage originations climb 28% from a year ago
Deal to acquire Flagstar’s mortgage servicing business later this year is projected to grow Mr. Cooper's customer base to nearly 7M and servicing portfolio to $1.59T
A majority of the 1,200 Flagstar employees being let go in $1.4B sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper
Sridhar Sharma, credited with developing Mr. Cooper's patented AI, has been promoted to a new role, and 3 new technology leaders are coming on board from other companies