Mr. Cooper Group Inc. announced the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the Company?s operations, including Originations, Servicing and Technology. With more than 25 years' experience in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking. Most recently, he served as CEO of Consumer Lending for Wells Fargo and as a member of the firm's Operating Committee, responsible for leading more than 40,000 team members focused on Home Lending, Auto Lending, Credit Cards, Merchant Services, Student Lending and Personal Lending.

Previously, he served as CEO of Chase Home Lending at JP Morgan Chase, where he also held leadership roles in Consumer Banking, Business Banking, Mortgage Servicing and Auto Finance, with oversight of sales, finance and operations. Chris Marshall, who currently serves as Vice Chairman and President, will remain with Mr. Cooper Group to assist with the transition and oversee fundraising for the Company?s MSR fund. As previously disclosed, Chris will retire at the end of 2024.