Mr. Cooper Group Adds Former Fannie Mae Executive to Board

By Bobby Samwell • Tuesday, December 17 10:17 • Permanent Link

Mr. Cooper Group Inc. (NASDAQ: COOP) has made a significant addition to its board of directors with the appointment of Andrew Bon Salle, effective January 1, 2025. Bon Salle, a former Fannie Mae executive, brings over 30 years of experience in capital markets, risk management, securitization, and mortgage policy leadership within the home lending sector.

During his tenure at Fannie Mae, Bon Salle oversaw capital market functions, managed customer engagement for more than 2,000 clients and partners, directed the performance of a $3.5 trillion credit portfolio, and led the digital products group. His extensive leadership experience and exceptional track record in driving business strategy and transformation make him an invaluable addition to the Mr. Cooper Group board.

Jay Bray, Chairman and CEO of Mr. Cooper Group, expressed his pleasure at welcoming Bon Salle to the board, citing his expertise as a significant asset as the company advances its strategic vision and aims to build an industry-leading homeownership experience for its customers.

Bon Salle also expressed his enthusiasm, stating that he is thrilled to contribute to the ongoing evolution of the homeownership journey at Mr. Cooper Group and to support and mentor the next generation of industry leaders. He recognized Mr. Cooper as a transformative force in the mortgage industry and expressed his honor in helping advance its mission of making the dream of homeownership a reality for all Americans.

Mr. Cooper Group Inc. (NASDAQ: COOP) provides customer-centric servicing, origination, and transaction-based services related principally to single-family residences throughout the United States under its primary brands: Mr. Cooper®, Xome®, and Rushmore Servicing®. As the largest home loan servicer in the country, the company is focused on delivering a variety of servicing and lending products, services, and technologies.

This addition to the board of directors comes as Mr. Cooper Group continues to evolve and strengthen its position in the industry, with Bon Salle's expertise poised to play a pivotal role in the company's trajectory. As a result of these announcements, the company's shares have moved -1.2% on the market, and are now trading at a price of $97.02. If you want to know more, read the company's complete 8-K report here.

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