Mr. Cooper Group Inc. reported its first quarter 2025 financial results on April 23, 2025, with an income before income tax expense of $95 million and a net income of $88 million. The company achieved a pretax operating income of $255 million, excluding mark-to-market and other adjustments. Chairman and CEO Jay Bray noted this as another strong quarter, highlighting the platform's ability to deliver consistent and predictable results.
The Servicing segment continued its robust performance, recording a pretax operating income of $332 million. The servicing portfolio expanded to $1,514 billion in UPB by quarter-end. The Originations segment also contributed positively, with a pretax operating income of $53 million, driven by efforts to help customers access liquidity through cash-out refinances and second liens.
The company maintained an operating Return on Tangible Common Equity (ROTCE) of 16.8%. Management confirmed that an integration team has been formed and is actively working with Rocket Companies on post-close planning for the pending merger. These results underscore Mr. Cooper's operational excellence as it prepares for the transformative combination with Rocket.
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