Mr. Cooper Group Announces Two Executive Appointments
July 22 2021 - 9:00AM
Business Wire
Executive Team Expanded to Drive Portfolio
Growth and Customer Experience Enhancements
Mr. Cooper Group Inc. (NASDAQ: COOP) announced today two
additions to the executive leadership team as the company focuses
on becoming the largest home loan company in the country, with a
customer-centric culture and best-in-class digital tools.
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the full release here:
https://www.businesswire.com/news/home/20210722005341/en/
Shawn Stone, Executive Vice President and
Chief Revenue Officer (Photo: Business Wire)
Shawn Stone was named Executive Vice President and Chief Revenue
Officer and will focus on the company’s accelerated growth
strategy, exploring new delivery channels and finding more ways to
leverage Mr. Cooper’s technologies to deliver experiences that
delight customers. In his role, Stone will also lead the Mr. Cooper
Originations business.
“Shawn is joining our team at a pivotal moment as we position
Mr. Cooper to become the largest home loan company in our industry,
and I am excited for his vision and strategic leadership to ensure
we capitalize on our strengths and find more opportunities in the
market,” said Jay Bray, Chairman and CEO of Mr. Cooper Group. “I am
pleased to welcome Shawn back to Mr. Cooper Group and believe he is
a natural fit into our incredible culture.”
Stone joins Mr. Cooper from Renovate America where he served as
the company’s Chief Executive Officer and a member of its Board of
Directors. Previously, Stone was Chief Executive Officer and
executive founder of Global Mortgage Capital where he started a
nationwide independent mortgage banking business that included
multiple mortgage origination, servicing and financing companies.
Prior to that, Stone was an executive leader at Mr. Cooper, where
he worked for 18 years serving in leadership roles in originations,
servicing, capital markets, finance and as founder and President of
Xome.
Additionally, Jay Jones was promoted to Executive Vice
President, leading the company’s industry leading Servicing
business. Jones joined Mr. Cooper in July 2019, most recently
serving as Senior Vice President of Servicing. He has more than 25
years of experience in the mortgage industry and has held various
key leadership roles, strategically guiding mortgage servicers
through the ever-changing industry landscape. Before joining Mr.
Cooper, Jones served as Executive Vice President and Chief Strategy
Officer for Celink and as Executive Vice President at CIT Bank,
where he led the Residential Servicing Operations Division.
“I am thrilled for Jay’s promotion and greatly value his
perspective as part of our leadership team. Jay is a staunch
advocate of keeping the dream of homeownership alive for our
customers, and his leadership and expertise will be key as we
continue to focus on growing the portfolio while delivering greater
value and a better experience for customers,” said Bray.
As members of the executive leadership team, Stone and Jones
both report to Chris Marshall, Vice Chairman, President and Chief
Financial Officer of Mr. Cooper Group.
“Mr. Cooper remains focused on transforming the mortgage
experience, and Shawn and Jay have the operational strength and
challenger mindset to rally our team behind this mission,” said
Marshall. “We are grateful to have them on the team as we move
forward with our plans to accelerate profitable growth while
delighting our customers.”
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. Xome provides technology and data
enhanced solutions to homebuyers, home sellers, real estate agents
and mortgage companies.
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version on businesswire.com: https://www.businesswire.com/news/home/20210722005341/en/
Shareholder Inquiries: Kenneth Posner, SVP Strategic Planning
and Investor Relations Shareholders@mrcooper.com
Media Inquiries: Christen Reyenga, VP Corporate Communications
MediaRelations@mrcooper.com
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