Nationstar Mortgage Looks to Sell Company
Nationstar Mortgage, is exploring the sale of its company according to recent reports. The company specializes in reverse mortgage servicing but has undergone a recent facelift.
"The company recently went through a major rebrand of its consumer-facing operations, which became known as Mr. Cooper earlier this year, and has long held a position as a reverse mortgage servicer," according to Reverse Mortgage Daily.
"It has a majority owned by Fortress Investment Group (NYSE: FIG), which is being acquired by SoftBank. Fortress, StreetInsider.com reported based on the information from Bloomberg, is working with advisers on a prospective sale of Nationstar, and is currently inviting bids from investors."
If you visit the company's webpage, you will be able to see the new brand as well as offers of consolidating high interest debt into a fixed low-interest loan. The platform is well-designed for prospecting buyers to build upon.
To learn more about Nationstar Mortgage and its exploration of sale, click on the image above.