Mr Cooper : Q2 2022 Earnings Presentation

2Q'22 EARNINGS REVIEW

July 27, 2022

IMPORTANT INFORMATION

This presentation contains summarized information concerning Mr. Cooper Group Inc. ("Mr. Cooper" or the "Company") and the Company's business, operations, financial performance and trends. No representation is made that the information in this presentation is complete. For additional financial, statistical and business related information, as well as information regarding business and segment trends, see the Company's most recent Annual Report on Form 10-K ("Form 10-K") and Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC"), as well other reports filed with the SEC from time to time. Such reports are or will be available in the Investors section of the Company's website (www.mrcoopergroup.com) and the SEC's website (www.sec.gov).

Forward Looking Statements. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding UPB target, servicing projected operating income, estimates for MSR CPR and amortization, and recapture targets and estimates. All statements other than statements of historical or current fact included in this presentation that address activities, events, conditions or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and these statements are not guarantees of future performance.

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Forward-looking statements may include the words "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "strategy," "future," "opportunity," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements, including the severity and duration of the COVID-19 pandemic; the pandemic's impact on the U.S. and the global economies; federal, state, and local government responses to the pandemic; borrower forbearance rates and availability of financing. Certain of these risks are identified and discussed in documents Mr. Cooper has filed or will file from time to time with the SEC. These risk factors will be important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are expressed in good faith, and Mr. Cooper believes there is a reasonable basis for them. However, the events, results or trends identified in these forward-looking statements may not occur or be achieved. Forward-looking statements speak only as of the date they are made, and Mr. Cooper is not under any obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward- looking statement, except as required by law. Readers should carefully review the statements set forth in the reports that Mr. Cooper has filed or will file from time to time with the SEC.

Non-GAAP Measures. This presentation contains certain references to non- GAAP measures. Please refer to the Appendix for more information on non- GAAP measures.

SECOND QUARTER HIGHLIGHTS

FINANCIAL

OPERATIONAL

OTHER

Reported $151 million net income including other mark-to-market of $196 million

Generated ROTCE⁽¹⁾ of 15.6% and operating ROTCE⁽¹⁾ of 1.3%

TBV⁽¹⁾ grew to $54.51 per share, up 5% q/q and 46% y/y

Ended the quarter with TBV/assets⁽¹⁾ at 30.6% and available liquidity of $1.9 billion

Servicing UPB grew to $804 billion, up 1% q/q and 23% y/y

Servicing generated pretax operating income⁽¹⁾ of $30 million

Originations generated pretax operating income⁽¹⁾ of $63 million on funded volume of $7.8 billion

Repurchased 2.3 million common shares for $100 million

Certified as Great Place to Work for the 4th year in a row and recognized by Forbes as a Best Employer for Women

3 |	⁽¹⁾ Please see appendix for reconciliations of non-GAAP items

UNMATCHED SKILLS WITH TROUBLED LOANS DROVE OUR GROWTH

25.0%														$804 bn
													Servicing	900
	60 Day+													Portfolio
	Delinquency														800
20.0%	19.9%
														700
															600
15.0%
															500
															400
10.0%
															300
												5.8%
5.0%															200
														2.7%
															100
0.0%															0
2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2Q'22

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STRONGLY POSITIONED FOR NEXT PHASE OF THE CREDIT CYCLE

Strong risk/compliance culture and leadership

Enhanced capacity through automation and digital self-serve tools

Subservicing incentives

RightPath ServicingSM new business opportunity

Xome auction exchange monetization

Robust capital and liquidity

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