• April 16, 2021

Mr. Cooper Group Appoints New Chief Risk and Compliance Officer - Odessa American: Business

e-Edition Subscribe

Mr. Cooper Group Appoints New Chief Risk and Compliance Officer

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, April 7, 2021 8:00 am

DALLAS--(BUSINESS WIRE)--Apr 7, 2021--

Mr. Cooper Group Inc. (NASDAQ: COOP) today announced that Kurt Johnson, who has been with the company for five years and most recently served as the company’s Chief Credit Officer, will now also lead risk and compliance for the organization as Executive Vice President and Chief Risk and Compliance Officer. With more than 20 years of experience in the mortgage industry, Johnson has led critical work for the company in setting risk related policy and governance. Most recently, he led the charge within the company and the industry on the mortgage relief options included in the CARES Act, working with government agencies to advocate for homeowners and ensure Mr. Cooper customers had solutions during the pandemic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005328/en/

Kurt Johnson, Executive Vice President and Chief Risk and Compliance Officer (Photo: Business Wire)

In his expanded role, Johnson replaces Steve Covington, who has been with the company for nearly six years and recently served as Chief Risk and Compliance Officer, as he transitions into retirement in June. Johnson and Covington will work together to ensure a smooth transition over the coming months.

“Kurt is one of the most credible risk and policy experts in our industry, and I am confident he will continue to build upon the relationships the team has established with regulators and government officials in his expanded role,” said Jay Bray, Chairman and CEO of Mr. Cooper Group. “I would like to thank Steve for his leadership in building a best-in-class risk and compliance organization, which is a pillar strength for Mr. Cooper, and wish him the best in his well-deserved retirement.”

Prior to joining Mr. Cooper Group, Johnson spent six years as Executive Vice President at OneWest Bank. Earlier in his career, Johnson helped develop a streamline modification program that served as the template for the Home Affordable Modification Program (HAMP). Johnson holds a bachelor’s degree in economics from Occidental College and a master’s degree in business administration from Cornell University.

“At Mr. Cooper Group, risk management is an ongoing focus for the company’s leadership, and that includes investing in world-class infrastructure, meeting regulatory and customer expectations, and making sound business decisions to ensure we remain a source of strength for the housing market in all environments,” said Johnson.

About Mr. Cooper Group

Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210407005328/en/

CONTACT: Shareholder Inquiries:

Kenneth Posner, SVP Strategic Planning and Investor Relations

Shareholders@mrcooper.comMedia Inquiries:

Christen Reyenga, VP Corporate Communications

MediaRelations@mrcooper.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES FINANCE

SOURCE: Mr. Cooper Group Inc.

Copyright Business Wire 2021.

PUB: 04/07/2021 09:00 AM/DISC: 04/07/2021 09:00 AM

http://www.businesswire.com/news/home/20210407005328/en

© 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Partly Cloudy
60°
Humidity: 63%
Winds: ENE at 18mph
Feels Like: 57°

Your Extended Forecast

Today

weather
High 60°/Low 42°
Partly cloudy. Lows overnight in the low 40s.

Tomorrow

weather
High 53°/Low 41°
Showers possible in the afternoon. Highs in the low 50s and lows in the low 40s.

sunday

weather
High 60°/Low 41°
Mostly cloudy. Highs in the low 60s and lows in the low 40s.

monday

weather
High 68°/Low 44°
Times of sun and clouds. Highs in the upper 60s and lows in the mid 40s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.