Mr. Cooper Group Inc. announced its second quarter 2025 financial results on July 23, 2025, reporting an income before income tax expense of $277 million and a net income of $198 million. The company's pretax operating income, excluding mark-to-market and other adjustments, reached $269 million. Chairman and CEO Jay Bray emphasized consistent, recurring, and predictable performance, along with higher returns.
The Servicing segment continued to demonstrate excellence, recording a pretax operating income of $332 million. The servicing portfolio stood at $1,509 billion in UPB by quarter-end, serving 6.4 million customers. The Originations segment also showed strong execution, earning a pretax operating income of $64 million, with funded volume increasing 14% quarter-over-quarter to $9.443 billion UPB.
President Mike Weinbach highlighted the team's continued excellence in servicing and originations, attributing success to robust operations and technology driving efficiencies. Management noted that the company is gaining momentum as it moves closer to joining forces with Rocket Companies, underscoring the strategic importance of the pending merger.
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