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Last $17.90 USD
Change Today +0.01 / 0.06%
Volume 1.3M
NSM On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

8950 Cypress Waters Boulevard

Coppell, TX 75019

United States

Phone: 469-549-2000

Fax:

Nationstar Mortgage Holdings Inc. provides servicing, origination, and transaction based services to single-family residences in the United States. Segments The company operates in three segments: Servicing, Originations, and Solutionstar. Servicing This segment operates as a residential mortgage servicer in the United States. The company conducts operations through its Nationstar Mortgage and Champion Mortgage brands. As of December 31, 2014, the company service 2.3 million customers. Servicing primarily involves loan administration, payment processing, mortgage escrow account administration, collection of insurance premiums, response to homeowner inquiries, loss mitigation solutions, including loan modifications and supervision of foreclosures and property dispositions on behalf of the owners of the loans. These activities generate reliable and recurring revenues and cash flows. Revenues primarily consist of servicing fees which are generally expressed as basis points of the outstanding unpaid principal balance and ancillary revenues (late fees, modification fees, incentive fees). Mortgage Servicing Rights (MSRs) - Fair Value consists of rights the company owns and records as assets to service traditional residential mortgage loans for others either as a result of a purchase transaction or from the sale and securitization of loans it originates. The company has elected to mark this portfolio to fair value each quarter. Subservicing consists of forward residential mortgage loans the company services on behalf of others who are MSR or mortgage owners. MSRs - Lower of cost or market consists of rights to service reverse residential mortgage loans, principally reverse mortgages, owned by the Federal National Mortgage Association, Government National Mortgage Association and private investors. The servicing portfolio consists of both credit sensitive MSRs, primarily acquired through bulk acquisitions, and interest rate sensitive MSRs, principally consisting of MSRs acquired via flow transactions or transferred from the company’s origination activities. For each loan it services, the company utilizes a customer-centric model designed to increase borrower repayment performance with a view towards home ownership preservation and to decrease borrower delinquencies and defaults on mortgage portfolios. Originations This segment primarily originates conventional residential mortgage loans through both the Greenlight Financial Services and Nationstar brands. The company licensed and qualified to originate in all 50 states and the District of Columbia. The company primarily markets mortgage products to existing servicing customers and customers of homebuilders, as well as participate in the correspondent market. It utilizes warehouse facilities to fund originated loans. To both mitigate credit risk and minimize the capital required it sells loans within approximately 30 days of funding while retaining the associated mortgage servicing rights. Solutionstar This segment focuses on the provision of enhanced technology and data solutions to homebuyers, home sellers, real estate agents and companies, which engage in the origination and/or servicing of mortgage loans. It intends to continue to transform the home buying experience through the deployment of multiple new technologies and the delivery of quality residential real estate services. This transformation would require smart investments in technologies and services to make the home purchase experience simpler, accessible and transparent for all market participants. Real Estate Exchange: The company would utilize the power of technology, data analytics and the Internet to deliver technologies and services that facilitate the exchange of homes. HomeSearch.com, the company’s real estate market portal, seeks to increase transparency in the home buying process, reduce fraud risk and provide better execution as evidenced by higher sales price and lower average days to sell compared to traditional sales. Real Estate Services: The company’s Real Estate Services business consists of the Solutionstar and Veripro branded residential services, which principally include title and escrow, collateral valuation and asset management services. This division is focused on the creation and delivery of services utilized in the home buying process. It focuses on refinance and default related transactions for both third parties and with respect to its servicing portfolio. The company owns Title 365.The company engages in the development of purchase title related services. History Nationstar Mortgage Holdings Inc. was founded in 1994.

 

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NSM

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Valuation NSM Industry Range
Price/Earnings 10.8x
Price/Sales 1.1x
Price/Book 1.0x
Price/Cash Flow 13.2x
TEV/Sales NM Not Meaningful
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