The company, formerly Nationstar, was founded in 1994 and is headquartered in Coppell, Texas. Nationstar is the nation’s largest originator and servicer of residential mortgages and was named one of the top 10 mortgage lenders in the United States by Forbes Magazine in 2009. David N. Cooper and his father, Sidney, founded the company, who began their banking careers at PNC Bank.
- Business Strategy
Mr. Cooper’s business strategy is to gain market share by offering quality products and services at reasonable prices. The company’s goal is to build long-term relationships with its customers. When deciding on a loan for a client, Mr. Cooper considers many factors such as the client’s assets, income, and credit history; their ability to repay; the clients’ plans for their property; whether they can handle an escrow account that will be used to pay property taxes and homeowners insurance premiums; future financial needs of the client; and whether or not this loan will help increase overall property values in the neighborhood where it is located.
Mr. Cooper believes that it is essential to give back to the community by providing affordable housing and assisting with low-income housing. Mr. Cooper has offered financial assistance to Habitat for Humanity, provided grants to Habitat for Humanity, helped raise money for other nonprofit organizations, and donated time and money to charities throughout the Dallas area.
Mr. Cooper’s management philosophy is that a company should be run with integrity and honesty in all aspects of its business operations. The company does not engage in deceptive practices or misrepresent facts about its products or services; does not engage in unfair or deceptive business practices; does not engage in fraudulent behavior; does not commit acts of fraud, and does not engage in illegal activities such as bribery or embezzlement. Mr. Cooper is committed to providing high-quality products, services, and support at competitive prices; responding quickly to customers’ needs; remaining competitive in the marketplace while meeting their customer’s
The company’s business strategy is to be a leader in the mortgage industry by offering high-quality and reasonably priced products and services. The company has been able to gain market share by providing quality products and services at reasonable prices, which has helped it grow into one of the top 10 mortgage lenders in the United States.
— Mr. Cooper Mortgage (@MrCooper) June 10, 2022