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Mr. CooperGroup FOR IMMEDIATE RELEASE MR . COOPER GROUP REPORTS FIRST QUARTER 2021 FINANCIAL RESULTS Reported net income of $ 561 million and $ 5.92 per diluted share , including other mark - to - market of $ 373 million ( 1 ) , equivalent to a ROCE of 83 % • Generated record pretax operating income of $ 363 million , equivalent to a ROTCE of 43.1 % • • Book value per share increased to $ 33.71 and Tangible book value per share increased to $ 31.97 Originations generated pretax income of $ 362 million on record funded volume of $ 25.1 billion . Servicing portfolio grew 3 % quarter - over - quarter to $ 646 billion • Announced sale of Title365 for $ 500 million • Repurchased 4.5 million shares of common stock for $ 148 million in the quarter Quarter - end unrestricted cash was $ 674 million ( ¹ ) Other mark - to - market does not include fair value amortization Dallas , TX ( April 29 , 2021 ) - Mr. Cooper Group Inc. ( NASDAQ : COOP ) ( the “ Company ” ) , which principally operates under the Mr. CooperⓇ and Xome® brands , reported a first quarter net income of $ 561 million or $ 5.92 per diluted share . Net income included $ 373 million in other mark - to - market , which excludes fair value amortization of $ 19 million . Excluding mark - to - market and other items , the Company reported pretax operating income of $ 363 million . Other items were $ 1 million in severance charges related to corporate actions , $ 3 million in transaction costs related to Title365 sale , and $ 4 million of intangible amortization . Chairman and CEO Jay Bray commented , “ This quarter was a clear demonstration of how innovative technology , world - class operational discipline , and a culture of team members working together for customers can produce exceptional results , including record operating performance , record origination fundings , and strong growth in our servicing portfolio . " Chris Marshall , Vice Chairman and CFO added , " Even after investing in MSRs and repurchasing shares , we ended the quarter with a very robust cash position and strengthened capital ratios . The company's balance sheet and liquidity have never been stronger . " 1