Jay Bray: The Path to Building a $1 trillion Mortgage Servicing Rights Business
On today’s episode, HW Media CEO Clayton Collins sits down with the CEO of Mr. Cooper Group, Jay Bray. Jay brings more than 25 years of experience to the table, including his time at Mr. Cooper as well as with both Arthur Anderson and Bank of America.
Today, he and Clayton reflect on mortgage servicing rights and the two major acquisitions Mr. Cooper has announced so far in 2023: HomePoint Capital and Roosevelt Management Company. They get into why the Roosevelt deal, specifically, might be a game changer for the servicing space, and the current trends they’re seeing that are worth watching as independent mortgage banks and depository lending institutions are retaining and selling MSRs.
Related to this episode:
- Connect with Jay on LinkedIn
- Mr. Cooper Group
- Mr. Cooper moves closer to $1 trillion MSR portfolio target
- Mr. Cooper boosts Q2 profits to $142M as servicing business grows
- Mr. Cooper extends deadline to acquire Home Point Capital’s outstanding shares
- HousingWire Annual
- HousingWire on YouTube
The Housing News podcast explores the most important topics happening in mortgage, real estate and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Clayton Collins and produced by the HW Media team.