Nationstar Mortgage Holdings Inc. was founded in 1994 and is headquartered in the Dallas, Texas area. Nationstar Holdings consists of Nationstar Mortgage, which provides servicing and originations for homeowners throughout the United States, and Xome, which provides technology and data enhanced solutions to the real estate market and companies engaged in the origination and/or servicing of mortgage loans. As of June 30, 2017, Nationstar employed approximately 7,000 people and is one of the largest mortgage servicers in the United States with a servicing portfolio of approximately $500 billion and more than 3 million customers. Became Mr. Cooper mortgage August 2017
Video Nationstar Mortgage
History
Nationstar was founded in Denver, Colorado in 1994 as Nova Credit Corporation. In 1997, the company moved to Dallas, Texas, where homebuilder Centex Homes established Nova Credit Corporation as their in-house lender for new construction known and changed the company name to Centex Credit Corporation. In 2001, Centex Credit Corporation was merged into Centex Home Equity Company, and it operated as the subprime mortgage originator and servicer for Centex until 2005.
In 2005, Centex Homes decided to exit all of its non-core, non-homebuilding businesses, including the mortgage business. Fortress Investment Group acquired Centex Home Equity and renamed it Nationstar Mortgage in 2006.
Nationstar Mortgage Holdings, Inc. went public in March 2012 with an initial public offering on the New York Stock Exchange (NSM).
As of June 30, 2017, Nationstar employed approximately 7,000 people and is one of the largest mortgage servicers in the United States with a servicing portfolio of approximately $500 billion and more than 3 million customers.
In August 2017, Nationstar was rebranded as Mr. Cooper.
Maps Nationstar Mortgage
Acquisitions
In 2013, Nationstar Mortgage purchased Greenlight Financial Services, a California consumer loan originator.
In 2014, Nationstar Mortgage acquired Real Estate Digital, a real estate services company, for $18 million in cash.
Nationstar Mortgage in November 2014 acquired Experience 1, the holding company for Title365 and technology subsidiaries X1 Labs and X1 Xpress.
Nationstar completed acquiring Champion Mortgage from Keycorp (Keybank) March 1, 2007. The acquisition included everything but the loan portfolio, which was sold to HSBC Holdings.
On June 15, 2016 it was announced that Nationstar Mortgage Holdings Inc. had been selected by Seneca Mortgage Servicing LLC ("Seneca") as the subservicer for existing and future acquisitions of mortgage servicing rights held by Seneca.
FICO
In February 2015, Nationstar was recognized by President Barack Obama for making its FICO Scores available for free to its customers by the end of 2015. Nationstar partners with FICO, a "predictive analytics and decision management software company" whose "groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries."
References
Source of article : Wikipedia
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