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Jay Bray

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Mr. Cooper Group buys IBM’s Seterus mortgage servicing platform 

Jan 03, 2019By

Mr. Cooper Group purchased IBM’s Seterus mortgage servicing platform in a deal announced Thursday, which includes $24 billion in GSE mortgages and a subservicing contract for $24 billion. Mr. Cooper Group Chairman and CEO Jay Bray said the deal “is consistent with our outlook for profitability targets and portfolio growth.”

3d rendering of a row of luxury townhouses along a street

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