Mr. Cooper Group Inc. announced on January 9, 2025, a leadership transition at its Xome subsidiary, with Mike Rawls, Chief Executive Officer of Xome, planning to retire effective June 30, 2025. Chris Marshall, who previously served as Vice Chairman and President at Mr. Cooper, will step in to lead Xome's operations. Rawls and Marshall will collaborate over the coming months to ensure a smooth transition.
Jay Bray, Chairman and CEO of Mr. Cooper Group, expressed gratitude for Mike Rawls's leadership since 2020, noting his role in developing Xome into a significant real estate marketplace. Marshall brings decades of experience in financial services, mortgage operations, and technology to his new role. His appointment is expected to drive market share growth and accelerate new revenue opportunities for Xome.
Marshall will work closely with Xome's leadership team to capitalize on its innovative real estate platform and existing industry relationships. He will also continue in his role as Chairman for Sagent. This transition aims to sustain Xome's momentum and elevate its market position within the broader Mr. Cooper Group portfolio.
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