Mr. Cooper Group, a Texas-based mortgage services provider, has announced that it has entered into a definitive agreement to acquire fellow mortgage services provider Home Point Capital for a total of $324 million in cash. The acquisition is expected to bring a number of benefits to Mr. Cooper Group and its customers, as well as providing an improved platform for the company to offer growth opportunities.

The deal is expected to bring numerous benefits to customers of both companies. Mr. Cooper Group will be able to expand their services by offering customers the ability to pursue all aspects of mortgage servicing, including origination and servicing, while Home Point Capital will be able to take advantage of Mr. Cooper Group’s strong retail, wholesale, and correspondent channels. Additionally, Home Point Capital’s technology platform provides tools that give customers more control and visibility into their mortgage interests. This cutting-edge technology is expected to help Mr. Cooper Group to better serve their customers throughout the loan servicing process.

The most important elements of the announcement include:
• Mr. Cooper Group acquires Home Point Capital for $324 million
• Provides ability to offer customers full range of mortgage services
• Gives customers more control and visibility into their mortgage interests
• Combination of Home Point Capital’s technology platform with Mr. Cooper Group’s retail, wholesale, & correspondent channels is expected to offer growth opportunities

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