Profile: Nationstar Mortgage Holdings Inc (NSM.N)
24 Jan 2017
Nationstar Mortgage Holdings Inc., incorporated on May 9, 2011, provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States. The Company also operate an integrated residential loan origination platform that is primarily focused on customer retention. Its Xome subsidiary offers an array of complementary services related to the purchase and disposition of residential real estate.
The Company provides residential mortgage services in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands. Servicing primarily involves loan administration, payment processing, mortgage escrow account administration, collection of insurance premiums, response to homeowner inquiries, loss mitigation solutions, including loan modifications and supervision of foreclosures and property dispositions on behalf of the owners of the loans. Its servicing portfolio can be segregated as components, including mortgage servicing rights (MSRs)-Fair Value, subservicing and MSRs-lower of cost or market (LOCOM). MSRs-Fair Value consists of rights that the Company owns and records as assets to service traditional residential mortgage loans for others either as a result of a purchase transaction or from the sale and securitization of loans it originates. Subservicing consists of forward residential mortgage loans it services on behalf of others who are MSR or mortgage owners. MSRs-LOCOM consists of rights to service reverse residential mortgage loans, owned by Federal National Mortgage Association (Fannie Mae), Government National Mortgage Association (Ginnie Mae) and private investors.
The Company originates residential mortgage loans through both the Greenlight Financial Services (Greenlight) and Nationstar Mortgage brands. The Company primarily markets mortgage products to existing servicing customers and customers of homebuilders, as well as participate in the correspondent market.
Xome is a residential real estate services and technology company created to perfect the residential real estate transaction experience for consumers and real estate professionals (including brokers and agents) through service offerings. Xome consists of approximately three business units, including Xome Exchange, a platform that manages and sells residential properties; Xome Services, which connects the major touch points of the real estate transactions process by providing title, valuation, settlement and closing services to consumer and financial institutions, and Xome Technology and Support, which provides connectivity for the entire residential real estate market through technology development, data analytics and customer relationship management tools. Xome Exchange services include traditional non-distressed sales, real estate owned (REO) auctions, short sales and foreclosure trustee sales. Xome Services includes Title365 branded offerings. Xome Technology contains a set of businesses, including Real Estate Digital (multiple listing service (MLS) data and broker tools), Quantarium (data analytics), GoPaperless (e-signature platform), Xome Signings (notary services), Cerulean (digital marketing) and Xome Labs (product/technology development incubation lab).
Nationstar Mortgage Holdings Inc
8950 Cypress Waters Boulevard
COPPELL TX 75019