In a deal for $324 million in cash, the acquisition of Home Point’s $84 billion servicing portfolio is expected to contribute to Mr. Cooper’s return on equity, with estimated 10% accretion to operating earnings within the first year.
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ServiceMac to Begin Servicing Homepoint’s Loans
New partnership will allow Homepoint to channel its resources towards its origination channels, product offerings, and enhancement of the broker-partner experience.
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