During the recent earnings call, Mr. Cooper reported a 12% year-over-year growth in tangible book value, now at $71.61 per share. The company successfully closed the Flagstar acquisition, marking a historic increase in servicing revenue and growth of mortgage servicing rights (MSRs). The servicing portfolio increased to $1.56 trillion, significantly enhancing its market position as the largest servicer in the U.S. Overall, 2024 emerged as a transformative year for Mr. Cooper, achieving substantial gains and an impressive funded volume of about $9.3 billion in the fourth quarter.
Mr. Cooper's tangible book value grew 12% year over year to $71.61 per share, illustrating strong financial health and strategic growth in the mortgage industry.
Our portfolio now stands at $1.5 trillion, making us the largest servicer in the U.S. by a significant margin, more than 50% larger than our nearest competitor.
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