Mr. Cooper Announces Sale of Xome Valuations
August 23 2021 - 5:12PM
Business Wire
Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has
entered into a definitive agreement to sell its Xome Valuations
business to Voxtur Analytics Corp. (“Voxtur”). The sale is expected
to close in the third quarter of 2021, subject to customary
conditions. Consideration for the sale is not material.
“This transaction is another example of how we are rationalizing
and simplifying to focus on our core businesses, where we see
tremendous opportunity for growth,” said Jay Bray, Chairman and CEO
of Mr. Cooper. “We are thankful to the Valuations team for their
contributions to the organization, and we will work closely with
Voxtur to ensure a smooth transition for our team members and
clients.”
About Mr. Cooper Group
Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing,
origination and transaction-based services related principally to
single-family residences throughout the United States with
operations under its primary brands: Mr. Cooper® and Xome®. Mr.
Cooper is one of the largest home loan servicers in the country
focused on delivering a variety of servicing and lending products,
services and technologies. For more information, visit
www.mrcoopergroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210823005648/en/
Investor Contact: Kenneth Posner, SVP Strategic Planning and
Investor Relations (469) 426-3633 Shareholders@mrcooper.com
Media Contact: Christen Reyenga, VP Corporate Communications
MediaRelations@mrcooper.com
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