Saturday, 25 June 2022 | The Latest Buzz for the Appraisal Industry

Mr. Cooper Finalizes Reverse Mortgage Servicing Portfolio Sale

Mr. Cooper Group Inc. has completed the sale of its reverse mortgage servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management LLC and its affiliates.

“We’re pleased to complete this sale, which allows us to continue on our path of rationalizing and simplifying the business model, in order to focus on the attractive growth opportunities in our core mortgage servicing and originations segments,” says Jay Bray, chairman and CEO of Mr.

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