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Nationstar Mortgage LLC
Nationstar Mortgage LLC (Mr. Cooper) is a top-three US residential mortgage servicer with over 4.5M customers, publicly traded under COOP.
Nationstar Mortgage LLC
Nationstar Mortgage LLC operates under the brand Mr. Cooper and is publicly traded on Nasdaq under the ticker COOP. The company was founded in the mid-2000s and has grown through acquisitions to become a top-three mortgage servicer nationally, with over 4.5 million customers as of 2024 (public filings). Wealth origin is not applicable as a family office — the firm is a corporate mortgage servicer. Nationstar generates revenue through loan servicing fees, origination income, and subservicing contracts. It covers the full mortgage lifecycle: origination, servicing, default management, and technology platforms. Geographic footprint spans the US, with additional offices for operational support. The firm's portfolio is composed primarily of residential mortgage servicing rights (MSRs) and originated loans. As of its most recent public filings, Nationstar employed roughly 7,000 people across its offices. There is no associated philanthropic vehicle or adjacent investment arm disclosed at the corporate level. In May 2024, Mr. Cooper completed the acquisition of Rushmore Loan Management Services, adding approximately 400,000 customers (per the firm, May 2024). Nationstar's structural differentiator is its scale as a publicly traded mortgage servicer — it is not a family office but a large-cap financial services company. Its governance follows SEC corporate regulations, with a board of directors and quarterly earnings disclosures.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Additional offices
New York · West Des Moines · London · Columbus
Sector focus
Frequently asked questions
What does Nationstar Mortgage LLC do?
Nationstar Mortgage LLC, operating as Mr. Cooper, is one of the largest mortgage servicers in the United States. It originates, services, and subservices residential mortgage loans, handling everything from loan processing and payments to default management.
Is Nationstar a family office?
No. Nationstar Mortgage LLC is a publicly traded corporation listed on Nasdaq under the ticker COOP. It functions as a mortgage banking and servicing company, not a family office or asset manager.
How large is Nationstar's mortgage servicing portfolio?
As of its most recent public filings, Nationstar services over 4.5 million customers and has a servicing portfolio of hundreds of billions of dollars in unpaid principal balance (public filings). It ranks among the top three US mortgage servicers by loan count.
Does Nationstar make direct investments in companies?
Nationstar's operations are focused on mortgage servicing and origination, not venture capital or private equity investments. It does not publicly disclose an investment portfolio in external companies beyond its own mortgage assets.
Who are Nationstar's main competitors?
Nationstar competes primarily with other large mortgage servicers such as Rocket Mortgage (Quicken Loans), LoanDepot, and Freedom Mortgage, as well as bank-owned servicers like Wells Fargo and JPMorgan Chase.
What is the relationship between Mr. Cooper and Nationstar?
Mr. Cooper is the retail brand name under which Nationstar Mortgage LLC operates. The company rebranded its consumer-facing operations to Mr. Cooper in 2017 to distinguish from its corporate entity (per public filings).
Does Nationstar have a philanthropic foundation?
Nationstar has not publicly disclosed a separate philanthropic foundation. Any corporate giving or community programs would be part of its general corporate social responsibility and not a separate endowed entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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