Mr. Cooper Group (the company formerly known as Nationstar) revealed this week that it completed its acquisition of IBM’s Seterus mortgage servicing platform in a deal that will add 300,000 new customers to Mr. Cooper’s servicing portfolio.
The deal was originally announced early this year. At the time, Mr. Cooper said that the deal included $24 billion in government-sponsored enterprise mortgages and a subservicing contract for $24 billion.
And according to a filing with the Securities and Exchange Commission, Mr. Cooper finalized the acquisition on Feb. 28, 2019.
“We are excited to welcome more than 300,000 customers and the Seterus
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