Items Tagged with 'Pacific Union Financial'

ARTICLES

  • Growing pains for Mr. Cooper? Nonbank takes big loss thanks to lower interest rates

    Adds more than 400,000 new servicing customers, but takes MSR-related loss
    Mr. Cooper grew its business significantly in the first few months of the year, closing the acquisitions of Pacific Union Financial and IBM’s Seterus mortgage servicing platform in the first quarter alone. But despite all of that, the nonbank formerly known as Nationstar Mortgage still took a big financial loss in the first quarter, due to lower interest rates.
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  • Here’s how much Mr. Cooper is paying to buy Pacific Union Financial

    SEC filing reveals financial details
    On Tuesday, Mr. Cooper, the nonbank formerly known as Nationstar Mortgage, officially confirmed that the company finalized its acquisition of Pacific Union Financial, a development that HousingWire first reported on Monday. What wasn’t known at the time or disclosed in Mr. Cooper’s announcement about the deal is how much Mr. Cooper is paying to buy Pacific Union, but an SEC filing reveals the financial details of the deal.
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  • Mr. Cooper acquires Pacific Union Financial

    Closes on acquisition first reported by HousingWire in November
    Mr. Cooper, the nonbank formerly known as Nationstar Mortgage, has now finalized its acquisition of Pacific Union Financial, a deal that was first reported by HousingWire in November. At the time, Mr. Cooper said that it planned on closing on the Pacific Union acquisition in “early 2019.” HousingWire can now report that the acquisition has been finalized.
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  • It’s official: Mr. Cooper to acquire Pacific Union Financial

    Plans expansion into wholesale, correspondent lending
    In conjunction with its earnings release on Thursday morning, Mr. Cooper Group announced it would acquire mortgage company Pacific Union Financial. The company announced the acquisition will increase its servicing holdings by about $25 billion, and its originations by $10 billion annually.
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  • Sources: Mr. Cooper to buy Pacific Union Financial

    Company could soon announce plans for move
    Multiple sources confirmed to HousingWire that Nationstar, also known as Mr. Cooper, is buying Pacific Union Financial. Back in July, Pacific Union showed signs of struggling as it unexpectedly closed the doors to its mortgage fulfillment call center, leaving El Paso, Texas, short 699 promised jobs.
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  • Texas-based mortgage call center unexpectedly closes doors

    City of El Paso loses promised 699 jobs
    Pacific Union Financial unexpectedly closed the doors to its mortgage fulfillment call center, leaving El Paso, Texas, short 699 promised jobs. The center had currently been the workplace of 40 employees, one of whom said the company cited "a lot of hard decisions due to the [mortgage] market" when conducting the layoffs.
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  • Ellie Mae partners with Pacific Union, Finicity to speed up mortgage lending process

    Companies integrate with Encompass platform for greater efficiency
    Ellie Mae announced it is partnering with Pacific Union Financial and Finicity to improve its digital mortgage solution and increase efficiency. The two companies will integrate with Encompass, Ellie Mae’s digital solution, allowing Ellie Mae to improve its digital mortgage process.
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  • From HW Magazine

    Pacific Union Financial sees explosive growth

    High-touch digital and visual tools serve Millennials, B2B clients
    With nearly 50 branches across the country, Pacific Union is expanding its footprint in the retail channel in the Northeast, Midwest and Southeast. The wholesale and correspondent channels are also vigorously building their sales teams to solicit and serve more business-to-business partners.
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