COOP

Mr Cooper Group Inc

A US financial services company that services home mortgages — collecting monthly payments, managing escrow, and running the day-to-day of home loans for borrowers nationwide. It began in 1994 as Centex Home Equity, a unit of the construction giant Centex, was sold and renamed Nationstar Mortgage in 2006, and rebranded as Mr. Cooper in 2017. The name isn't a real person — it came from focus groups where borrowers recalled good service coming from a specific helpful person, like a trusted neighbor.

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