Mr. Cooper Group Appoints New Chief Risk and Compliance Officer
07 April 2021 - 3:00PM
Business Wire
Mr. Cooper Group Inc. (NASDAQ: COOP) today announced that Kurt
Johnson, who has been with the company for five years and most
recently served as the company’s Chief Credit Officer, will now
also lead risk and compliance for the organization as Executive
Vice President and Chief Risk and Compliance Officer. With more
than 20 years of experience in the mortgage industry, Johnson has
led critical work for the company in setting risk related policy
and governance. Most recently, he led the charge within the company
and the industry on the mortgage relief options included in the
CARES Act, working with government agencies to advocate for
homeowners and ensure Mr. Cooper customers had solutions during the
pandemic.
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Kurt Johnson, Executive Vice President
and Chief Risk and Compliance Officer (Photo: Business Wire)
In his expanded role, Johnson replaces Steve Covington, who has
been with the company for nearly six years and recently served as
Chief Risk and Compliance Officer, as he transitions into
retirement in June. Johnson and Covington will work together to
ensure a smooth transition over the coming months.
“Kurt is one of the most credible risk and policy experts in our
industry, and I am confident he will continue to build upon the
relationships the team has established with regulators and
government officials in his expanded role,” said Jay Bray, Chairman
and CEO of Mr. Cooper Group. “I would like to thank Steve for his
leadership in building a best-in-class risk and compliance
organization, which is a pillar strength for Mr. Cooper, and wish
him the best in his well-deserved retirement.”
Prior to joining Mr. Cooper Group, Johnson spent six years as
Executive Vice President at OneWest Bank. Earlier in his career,
Johnson helped develop a streamline modification program that
served as the template for the Home Affordable Modification Program
(HAMP). Johnson holds a bachelor’s degree in economics from
Occidental College and a master’s degree in business administration
from Cornell University.
“At Mr. Cooper Group, risk management is an ongoing focus for
the company’s leadership, and that includes investing in
world-class infrastructure, meeting regulatory and customer
expectations, and making sound business decisions to ensure we
remain a source of strength for the housing market in all
environments,” said Johnson.
About Mr. Cooper Group Mr. Cooper Group Inc. (NASDAQ:
COOP) provides quality servicing, origination and transaction-based
services related principally to single-family residences throughout
the United States with operations under its primary brands: Mr.
Cooper® and Xome®. Mr. Cooper is one of the largest home loan
servicers in the country focused on delivering a variety of
servicing and lending products, services and technologies. Xome
provides technology and data enhanced solutions to homebuyers, home
sellers, real estate agents and mortgage companies.
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Shareholder Inquiries: Kenneth Posner, SVP Strategic Planning
and Investor Relations Shareholders@mrcooper.com
Media Inquiries: Christen Reyenga, VP Corporate Communications
MediaRelations@mrcooper.com
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