Mr. Cooper president departing – replacement named
Mike Weinbach (pictured), former CEO of Chase Home Lending, is the new president of Mr. Cooper Group.
Weinbach will assume the position on February 1 succeeding Chris Marshall, who will retire at the end of 2024. Marshall, vice chairman and president for the past five years, will stay with Mr. Cooper to assist with the transition and oversee fundraising for the group’s MSR fund.
In his new role, Weinbach will be responsible for the company’s operations, including originations, servicing and technology. Weinbach’s credentials include over 16 years with Chase Home Lending and nearly three years with Wells Fargo as CEO of consumer lending.
“I am delighted to welcome Mike to Mr. Cooper Group. His extensive background in consumer lending and financial services, as well as his people-first approach, will be a great fit for our team as he helps lead the company forward on the next phase of our journey,” Jay Bray, chairman and CEO of Mr. Cooper Group, said in a media release.
“I have long admired Mr. Cooper’s impressive record of growth and profitability as well as their commitment to the customer experience, and I am thrilled to hit the ground running with this fantastic team,” Weinbach said.
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