Nationstar Mortgage Holdings Inc. was founded in 1994 and is headquartered in the Dallas, Texas area. Nationstar Holdings consists of Nationstar Mortgage, which provides services and origination for homeowners across the United States, and Xome, which provides enhanced data technology and solutions to the real estate market and companies involved in origination and/or mortgage loan services. As of June 30, 2017, Nationstar employs approximately 7,000 people and is one of the largest mortgage services in the United States with a service portfolio of around $ 500 billion and over 3 million subscribers. Become Cooper Luggage Cooper 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 internal lender for a new known construction and changed the company's name to Centex Credit Corporation. In 2001, Centex Credit Corporation merged into Centex Home Equity Company, and operated as a subprime mortgage originator and service provider for Centex until 2005.
In 2005, Centex Homes decided to quit all 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. go public in March 2012 with an initial public offering on the New York Stock Exchange (NSM).
As of June 30, 2017, Nationstar employs approximately 7,000 people and is one of the largest mortgage services in the United States with a service portfolio of around $ 500 billion and over 3 million subscribers.
In August 2017, Nationstar was renamed as Mr. Cooper.
Maps Nationstar Mortgage
Acquisitions
In 2013, Nationstar Mortgage purchased Greenlight Financial Services, a consumer lending initiator for California.
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 parent company for Title365 and a subsidiary of X1 Labs and X1 Xpress technology.
Nationstar finished acquiring Champion Mortgage from Keycorp (Keybank) March 1, 2007. The acquisition covers everything except the loan portfolio, which is sold to HSBC Holdings.
On June 15, 2016 it was announced that Nationstar Mortgage Holdings Inc. has been selected by Seneca Mortgage Servicing LLC ("Seneca") as a subservicer for the acquisition of existing and future mortgage rights owned by Seneca.
FICO
In February 2015, Nationstar was acknowledged by President Barack Obama to make his FICO Score available for free to its customers by the end of 2015. Nationstar Partners with FICO, a "company analytical and analytical decision management company" that "breakthrough use of Big Data and algorithms the math to predict consumer behavior has changed the whole industry. "
References
Source of the article : Wikipedia
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