Cyprexx Services, LLC entered into a definitive agreement to acquire Xome Field Services LLC from Mr. Cooper Group Inc..
September 19, 2021
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Cyprexx Services, LLC entered into a definitive agreement to acquire Xome Field Services LLC from Mr. Cooper Group Inc. (NasdaqCM:COOP) on September 20, 2021. The transaction is subject to customary conditions and is expected to close during the fourth quarter of 2021. The transaction does not view a financial impact as significant to Mr. Cooper Group Inc.
Mr. Cooper Group Inc. provides servicing, origination and transaction-based services related to single family residences throughout the United States under the Mr. Cooper and Xome brands. The Company is also a home loan servicer and originator in the country focused on delivering a variety of servicing and lending products, services and technologies. The Company's Servicing segment performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans. The Company's Originations segment originates residential mortgage loans through its direct-to-consumer channel, which provides refinance options for its existing customers, and through its correspondent channel, which purchases or originates loans from mortgage bankers. The Companyâs subsidiaries are Home Point Capital Inc., and Roosevelt Management Company, LLC.