Mr. Cooper Group Appoints Mike Weinbach as President
10 January 2024 - 8:00AM
Business Wire
Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the
appointment of Mike Weinbach as President, effective February 1,
2024, with responsibility for leading the Company’s operations,
including Originations, Servicing and Technology.
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Mike Weinbach, President (Photo: Business
Wire)
With more than 25 years' experience in the financial services
industry, Weinbach has a track record of senior leadership roles
across consumer and mortgage banking. Most recently, he served as
CEO of Consumer Lending for Wells Fargo and as a member of the
firm's Operating Committee, responsible for leading more than
40,000 team members focused on Home Lending, Auto Lending, Credit
Cards, Merchant Services, Student Lending and Personal Lending.
Previously, he served as CEO of Chase Home Lending at JP Morgan
Chase, where he also held leadership roles in Consumer Banking,
Business Banking, Mortgage Servicing and Auto Finance, with
oversight of sales, finance and operations.
“I am delighted to welcome Mike to Mr. Cooper Group. His
extensive background in consumer lending and financial services as
well as his people-first approach will be a great fit for our team
as he helps lead the company forward on the next phase of our
journey,” said Jay Bray, Chairman and CEO of Mr. Cooper Group.
Weinbach said, “I have long admired Mr. Cooper’s impressive
record of growth and profitability as well as their commitment to
the customer experience, and I am thrilled to hit the ground
running with this fantastic team.”
Chris Marshall, who currently serves as Vice Chairman and
President, will remain with Mr. Cooper Group to assist with the
transition and oversee fundraising for the Company’s MSR fund. As
previously disclosed, Chris will retire at the end of 2024.
About Mr. Cooper Group
Mr. Cooper Group Inc. (NASDAQ: COOP) provides customer-centric
servicing, origination and transaction-based services related
principally to single-family residences throughout the United
States with operations under its primary brands: Mr. Cooper® and
Xome®. Mr. Cooper is one of the largest home loan servicers in the
country focused on delivering a variety of servicing and lending
products, services and technologies.
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version on businesswire.com: https://www.businesswire.com/news/home/20240109408504/en/
Media Inquiries: Christen Reyenga, VP Corporate
Communications MediaRelations@mrcooper.com
Investor Inquiries: Kenneth Posner, SVP Strategic
Planning and Investor Relations Shareholders@mrcooper.com
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