Mr. Cooper Mortgage Loans is the largest mortgage lender in the country. It has over one hundred branches in twenty-five states throughout the nation. The company is the leading mortgage lender in the state of Colorado. It has been in business for more than one hundred years and is privately owned by the Cooper family. Mr. Cooper Mortgage Loans offers a variety of loans to home buyers.
- Products/Services Offered
The company offers several products, such as affordable refinance options. Jumbo refinance options, home equity lines of credit, home equity loans, reverse mortgages, and adjustable-rate mortgages. The company also offers several different types of home equity lines of credit, such as no-documentation, zero-documentation, and traditional.
- Financial Leverage
The financial leverage ratio is the ratio of a company’s debt to its annual operating income. A high financial leverage ratio indicates that a company may have trouble paying off its debts and maintaining sufficient capital ratios to maintain operations. In contrast, a low financial leverage ratio suggests that the company can quickly pay off its debts and maintain enough capital ratios to maintain operations. Mr. Cooper Mortgage has a debt-to-operating income ratio of 0.9 times, indicating that it has enough cash flow from operations to cover its short-term obligations while still having enough short-term funds available to invest in growth opportunities and reduce future working capital needs.
- Financial Performance
The company has been ranked as one of the top 100 mortgage companies in the nation by FICO and is among the top 50 in the total volume of loans originated from 2013 to 2017. The company has been ranked as one of the top 100 mortgage companies in Texas by FICO and is among the top 50 in the total volume of loans originated from 2013 to 2017. The company was rated BBB+ with a stable outlook by Standard & Poors. In addition, Mr. Cooper
Mortgage had an overall score of A2 with a stable outlook based on third-quarter earnings released in November 2017, which exceeded analysts’ expectations for revenue growth and nonperforming loan growth.
Mr. Cooper has developed a proprietary underwriting system that encourages employees to think independently and creatively while working within specific guidelines to ensure consistency across the entire organization. The company has set up a system that allows employees to make decisions that benefit both the company and their customers