Mr. Cooper CEO Mike Rawls to Retire; Chris Marshall to Lead Xome

By Bobby Samwell • Saturday, January 11 10:15 • Permanent Link

Mr. Cooper Group Inc. (NASDAQ: COOP) has announced a leadership transition at Xome, with Chief Executive Officer Mike Rawls planning to retire effective June 30, 2025. Chris Marshall, former Vice Chairman and President at Mr. Cooper, will join Xome to lead its operations. Rawls and Marshall will work together over the coming months to ensure a smooth transition.

Under Rawls' leadership since 2020, Xome has become a powerhouse real estate marketplace with significant growth opportunities as the company moves into 2025. Marshall, who brings decades of experience in financial services, mortgage operations, and technology, will focus on prioritizing market share growth and accelerating new revenue opportunities at Xome.

Marshall's appointment is backed by Jay Bray, Chairman and CEO of Mr. Cooper Group, who expressed confidence in Marshall's ability to drive revenue growth and build partnerships, citing exponential growth and greater financial strength realized during Marshall's time at Mr. Cooper.

In addition to his new role with Xome, Marshall will continue in his role as Chairman for Sagent.

Mr. Cooper Group Inc. 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. The company is the largest home loan servicer in the country, focused on delivering a variety of servicing and lending products, services, and technologies.

Following this announcement, investors and industry analysts will likely be interested in monitoring the financial performance and market position of Xome under Marshall's leadership. Given Marshall's track record in driving revenue growth and building partnerships, stakeholders may anticipate positive developments for Xome's market position and revenue growth in the coming quarters. Following these announcements, the company's shares moved -2.3%, and are now trading at a price of $91.4. Check out the company's full 8-K submission here.

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