Mr. Cooper Group Inc. announced Thursday it has signed definitive agreements to purchase IBM’s (NYSE: IBM) Seretus mortgage platform and other related assets.
Additionally, the Coppell-based firm (Nasdaq: COOP) plans to acquire servicing rights underlying $24 billion in government-sponsored enterprise mortgages and will sign a subservicing contract for another $24 billion in mortgages.
“We are excited to welcome more than 300,000 customers and the Seterus team to the Mr. Cooper Group family.…
