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Mr. CooperGroup FOR IMMEDIATE RELEASE MR . COOPER GROUP REPORTS SECOND QUARTER 2021 NET INCOME OF $ 439 MILLION • Reported total net income of $ 439 million and $ 4.85 per diluted share , equivalent to a ROCE of 56 % • Generated pretax operating income from continuing operations of $ 227 million , equivalent to ROTCE of 23.1 % • Book value per share increased to $ 38.89 and Tangible book value per share increased to $ 37.24 • Originations generated pretax income of $ 207 million on funded volume of $ 22.2 billion • Servicing portfolio grew 4 % quarter - over - quarter to $ 654 billion . Completed sale of Title365 for $ 500 million • Unrestricted cash was $ 1.2 billion as of July 1st , 2021 • Subsequent to quarter - end , announced $ 500 million stock repurchase authorization and agreement to sell Reverse servicing portfolio Dallas , TX ( July 29 , 2021 ) - Mr. Cooper Group Inc. ( NASDAQ : COOP ) ( the “ Company ” ) , which principally operates under the Mr. Cooper® and Xome® brands , reported second quarter net income of $ 439 million or $ 4.85 per diluted share . Net income included a $ 135 million mark - to - market charge , which excludes fair value amortization of $ 45 million . Excluding mark- to - market and other items , the Company reported pretax operating income of $ 227 million . Other items were $ 7 million in severance charges related to corporate actions , $ 485 million in gain on the sale of Title365 , net of transaction costs , $ 16 million in discontinued operations related to the reverse portfolio , and $ 3 million of intangible amortization . Chairman and CEO Jay Bray commented , " Not only did we generate very solid operating returns this quarter , but also we took strategic actions , including the sale of Title365 and Reverse , which rationalize and simplify the business model , strengthen the balance sheet , and prepare us for faster growth . " Chris Marshall , Vice Chairman , President , and CFO added , “ The company's balance sheet has never been stronger , with $ 1.2 billion in cash as of July 1 , 2021 including the proceeds of the sale of Title365 and immediately accessible liquidity of $ 509 million . Additionally , pro forma for the sale of the Reverse portfolio , our capital ratio exceeded our previously disclosed target of 15 % . " 1