Nationstar Mortgage

Industry Mortgage Lending
Founded 1994
Headquarters Dallas, Texas, United States
Number of employees
 6,700 nationally
Website www.nationstarmtg.com

Nationstar Mortgage Holdings Inc. was founded in 1994 and is headquartered in Lewisville, Texas. Controlled by Fortress Investment Group LLC,[1] the company provides residential mortgage loan services in the United States and consists of Nationstar Morgtage and Solutionstar, a business which provides technology and data enhanced solutions to the real estate market and companies engaged in the origination and/or servicing of mortgage loans.[2] Nationstar Mortgage has a servicing portfolio in excess of $385 billion and over 2 million customers,[3] and currently employs over 6,000 full time employees.[4]

History

Formed in 1994 as , Texas in 1997 and changed its name to Centex Credit Corporation. In 2001, Centex Credit Corporation merged into Centex Home Equity Company, LLC (CHECK, Now NSM). In 2006, the name was changed to Nationstar Mortgage LLC after the Initial Stockholder acquired all of its outstanding membership interests.[5]

Acquisitions

In 2013, Nationstar Mortgage purchased Greenlight Financial Services, a California consumer loan originator.[6]

In 2014, Nationstar Mortgage acquired Real Estate Digital, a real estate services company, for $18 million in cash.[7]

Nationstar Mortgage in November 2014 acquired Experience 1, the holding company for Title365 and technology subsidiaries X1 Labs and X1 Xpress.[8]

Nationstar completed acquiring Champion Mortgage from Keycorp (Keybank) March 1, 2007. The acquisition included everything but the loan portfolio, which was sold to HSBC Holdings.

On June 15, 2016 it was announced that Nationstar Mortgage Holdings Inc. had been selected by Seneca Mortgage Servicing LLC ("Seneca") as the subservicer for existing and future acquisitions of mortgage servicing rights held by Seneca.

Customer satisfaction

Nationstar Mortgage LLC does not have a rating with the Better Business Bureau. "This business has no rating because it is in the process of responding to complaint(s) previously closed as unresolved." [9] According to the BBB, Nationstar Mortgage LLC is not accredited with BBB.

References

  1. ↑ "Our Businesses: Select Investments". Fortress.com. Retrieved 8 January 2016.
  2. ↑ http://www.solutionstar.com/about-solutionstar
  3. ↑ http://www.nationstarholdings.com/
  4. ↑ http://finance.yahoo.com/q/pr?s=NSM+Profile
  5. ↑ http://www.nasdaq.com/markets/ipos/company/nationstar-mortgage-holdings-inc-855544-67149#ixzz3JdOunuUe
  6. ↑ Cho, Hanah (3 June 2013). "Nationstar Mortgage completes purchase of California consumer loan originator". The Dallas Morning News. Retrieved 8 January 2013.
  7. ↑ Cho, Hannah (8 May 2014). "Nationstar makes another acquisition". The Dallas Morning News. Retrieved 8 January 2016.
  8. ↑ Swanson, Brena (21 November 2014). "Nationstar buys title company". Housingwire. Retrieved 8 January 2016.
  9. ↑ "Nationstar Mortgage LLC Business Review in Coppell, TX". Dallas Texas BBB.
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