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Mr. Cooper Reviews

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About Mr. Cooper

Mr. Cooper is a nonbank mortgage lender and the primary brand of Nationstar Mortgage LLC (NMLS #2119). The company offers conventional and government-backed loans for home purchases and refinancing. It publishes daily rate information online and provides tools to help borrowers estimate affordability, monthly payments and potential refinance savings. Mr. Cooper operates nationwide and is licensed in all 50 states, Washington, D.C., and several U.S. territories, including Guam, Puerto Rico and the U.S. Virgin Islands. The lender primarily delivers a digital-first experience, with support available online and by phone.

Visit www.mrcooper.com
Pros
  • Online pre-qualification tool takes minutes
  • Online loan tracking
  • On-time closing guarantee
  • Pays local moving costs in some areas
Cons
  • No physical branch locations
  • No USDA loans

Mr. Cooper Reviews

Over 10k reviews since 2012

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    How do I know I can trust these reviews about Mr. Cooper?
    • 4,967,499 reviews on ConsumerAffairs are verified.
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    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 13 Reviews 1580 - 1730
    Verified purchase
    PricePunctuality & Speed

    Reviewed Sept. 10, 2020

    Nationstar bought my mortgage and Nationstar became Mr. Cooper. They gave me some options and I picked the right one for me. It was straightforward. I had to submit documents and then pay down the closing cost and as soon as I submitted the documents to them, they got to work right away. It was fast.

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    Verified purchase
    PriceStaffBillingLoan Process

    Reviewed Sept. 9, 2020

    My mom is on a fixed income and it was getting to be a strain, so we refinanced the loan. Mr. Cooper was very helpful. Anything my mom or I didn't understand, they would explain it. They set up times when they were coming and if something was going on, the lady made sure that everything worked out to benefit us. They set it up so that it's on auto pay and my mom starts her payments next month. She doesn't have to worry writing out a check every month and the refinancing dropped her payments, so she has more money for her. That helped her.

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    Verified purchase
    StaffRates

    Reviewed Sept. 9, 2020

    My mortgage got transferred to Mr. Cooper, and then I refinanced at a lower rate and I saved myself some money each month. However, instead of having one person through the whole process, I talked to three different people, and that was confusing. If I had any question, I wasn't sure who to contact. First, I spoke to a Kyle, and then they moved it to some other lady. The third person I talked to explained that the second person left. She was helpful.

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    Verified purchase
    StaffRates

    Reviewed Sept. 8, 2020

    Our mortgage company shopped around and got Mr. Cooper for us. We liked the drop in rate going on so we wanted to refinance. The interest rates went down quite a bit. We've always had no problem with them. The situation was right and everything was smooth and fine. The overall refinancing part to save money was what it was all about. Their rep was excellent. She was one of the nicest ladies we've ever dealt with. Everything was great.

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    Verified purchase
    Loan ProcessRates

    Reviewed Sept. 7, 2020

    Currently, I have a home loan with Mr. Cooper. I wanted to refinance because of the lower interest rate. Going with Mr. Cooper was easy and convenient. They talked me through the whole thing.

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    Verified purchase
    StaffLoan ProcessRates

    Reviewed Sept. 6, 2020

    Chase transferred my loan to Mr. Cooper and they would not release me from them. Rates had dropped so I wanted to refinance. Mr. Cooper's reps were okay. However, towards the end of it, they pissed me off so bad. I asked the man if the rates will drop before my closing and will I get that lower rate. He said yes. However, they did drop almost two weeks before closing, and he said he was sorry, but I was locked in. They would not even think about it. I am gonna refinance but it would be with somebody else.

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    Mr. Cooper
    Response from Mr. Cooper

    Hi Donald,

    I'm very sorry about your experience with us and apologize for any frustration this matter has caused. Due to the impacts of the pandemic and historically low mortgage rates, we are experiencing extremely high call and loan application volumes. We fully embrace our core value of being a Champion for our Customers and are continuously working to aggressively address capacity challenges and constraints.

    I can ask one of our Mortgage Professionals to contact you to discuss your concerns. Please give us a call at 888.509.2432, we are available M-F, 8 am to 5 pm CST if you would like to discuss this matter further.

    Thanks,

    LaQuinte' Proby
    Community Manager

    888.509.2432

    Verified purchase
    Customer ServiceStaffBillingLoan ProcessRates

    Reviewed Sept. 5, 2020

    Our original home loan was bought by Nationstar at the time, and then they transferred the name to Mr. Cooper. They've been a part of most of our mortgage life. Paying attention to the rates and fluctuations and trying to figure out if refinancing is something that would benefit us, we called to inquire about expediting our then mortgage at a higher payment rate. My wife dealt with Brandon throughout most of the experience and it was very good. He gave us some other options that we considered and decided to take. He gave us three or four various timeframes, interest rates, and payment amounts and it helped us explore some options.

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    Customer ServiceOnline & AppStaffLoan ProcessTransparency

    Reviewed Sept. 4, 2020

    Mr. Cooper reviews your loan and will let you know if refinancing is a good option for your loan. They don’t just have you submit an application they assign someone to help you through the application process and give updates throughout the process. Not only do they have it on the website but also call to inform status what is required and give an estimate as to closing. They value each customer and show it with their communication and how they work with you.

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    Verified purchase
    Punctuality & SpeedBillingRates

    Reviewed Sept. 3, 2020

    My wife and I are both retired and we're on a fixed income. The interest rate had gone down to our advantage and Mr. Cooper had contacted us to see if we wanted to take advantage of a chance to finance at a lower interest rate, and we took it. It was exactly what we needed to hear. We were looking at ways of cutting our monthly outgo, and this fits the bill. I also feel very comfortable with them because they laid it all upfront. They explained everything to me and my wife, and they answered any question that we had promptly. I couldn't ask for any better. Everything's been great and if my wife's happy, I'm happy.

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    Customer ServicePunctuality & SpeedStaff

    Reviewed Sept. 2, 2020

    I just refinanced my mortgage with Mr. Cooper. It was such an easy, streamlined process. Gary ** and John ** were so helpful. They got back to me promptly and answered my questions thoroughly. This is the easiest refinance I’ve ever done. I will use Mr. Cooper for my mortgage needs again.

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    Verified purchase
    Customer ServiceStaffBillingRates

    Reviewed Sept. 2, 2020

    Mr. Cooper sent us an email and we ended up refinancing with them. I spoke to their rep about three times. The first time I spoke to him, he laid everything out and didn't leave anything out. I now have a lower interest rate and lower payment. Mr. Cooper is a good company to go with. They're easy to work with.

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    Punctuality & SpeedLoan Process

    Reviewed Sept. 1, 2020

    Run as fast as you can to another lender! They have had many class-action lawsuits for their dirty tactics. Lost my farm after 20 yrs. They bought my previous loan. I had NO problems until they took over within less than 5 yrs.

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    Mr. Cooper
    Response from Mr. Cooper

    Good afternoon Laura,

    It's disheartening to read that your experience with Mr.Cooper was not positive. This is not the impression we want to leave you with. When you have a moment please follow up with me directly, so I can help address all your concerns.

    Respectfully,

    LaQuinte' Proby
    Community Manager

    888-509-2432

    Customer ServiceOnline & AppStaffEase of UseRates

    Reviewed Aug. 31, 2020

    I have been overall very happy with Mr. Cooper. The customer service is always been helpful and the online website is very user friendly and helpful for whatever you're looking for. The interest rates are comparable to other banks.

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    Verified purchase
    StaffLoan ProcessRatesHonesty & Transparency

    Reviewed Aug. 30, 2020

    I first did a loan with Ladera Lending, and the loan was sold to Mr. Cooper. I tried to refinance a conventional loan, but I wasn't able to because I'm self-employed and I needed another six months or so. I wanted to take advantage of the interest rate that is low. So, we did a streamline through Mr. Cooper. It seemed easier to just do it through the company I already had a loan with. The online system that Mr. Cooper was pretty good. I was really happy about the online system that Mr. Cooper has for me to have gone in and look and see where things were at. Uploading the documents was an easy task. It was very simplified. I wasn't happy with my representative though. He misled me a little bit to try to get my business, which kind of bothered me, and I had a discussion with him about that.

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    Verified purchase
    Staff

    Reviewed Aug. 29, 2020

    Mr. Cooper's application process was really nice and easy. Their rep explained everything to me very well. Everything was perfect. My experience was short and easy.

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    Verified purchase
    Customer ServiceCoveragePricePunctuality & SpeedStaffRates

    Reviewed Aug. 28, 2020

    They sent me an offer to refinance and with the possibility of not having to go through the appraisal process, so I inquired. They were very helpful. They always responded quickly to my questions. They did an electronic appraisal and I loved it. Everything went better than expected, except the rates that they quoted me whenever we started the process was a quarter point lower than it was when we finished the process. I wish it would've stayed the same because there were a few dynamics out in the financial world that caused that to happen and then we're still in the middle of the COVID crisis. The interest rates were still falling. So I don't understand why it went up. Other than that, the guy who initially initiated the process and the lady who handled all the maneuvers in the entire process through underwriting were both excellent.

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    Verified purchase
    Punctuality & SpeedBilling

    Reviewed Aug. 27, 2020

    I got lower payment when I refinanced. It was a fast and easy experience.

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    Customer ServicePunctuality & SpeedRefunds & PayoutsBillingResolutionTimelinessHonesty & Transparency

    Reviewed Aug. 26, 2020

    I am a customer of USAA. Nationstar (A.K.A. Mr. Cooper) is the mortgage company USAA has chosen to go through. Mid August I received a delinquent tax notice. I checked my USAA account and the proper amount of money had been taken out of my account for the previous months. I spoke with a receptionist who forwarded me over the phone to the "Escalation Team". The person I spoke with went by the name of Monique. Upon speaking with Monique (part of the escalation team), I was assured that this matter would receive proper attention.

    I was told that she (Monique) would be calling me back on the 17th of August, which did not happen. I went on to my county website to pay my taxes using my credit card on the 17th of August. I have the invoice. I was contacted on the 18th of August by Monique who claims she was supposed to call me on the 18th not the 17th. After a brief discussion I was told that she would get a hold of the tax team and: 1) Ensure that my escrow money not be accessed to pay anything. 2) See about getting me a refund for the $1450.00 in taxes I paid.

    The next day, 19 August 2020 I received notice that my property taxes had been paid from my escrow account ($700.00). I e-mailed Monique--'usaaescalation.team@homeusaa.com' Attn Monique. I have received no response. I was supposed to get a phone call from her today (25 August 2020). I called at 8:30 A.M. and spoke with Zach who said Monique was in and that she had scheduled a call with me for 10 A.M. At 10:30 I reached out to Nationstar to find out what was going on. After 5 minutes of being on hold I asked what was taking so long.

    The receptionist stated she was trying to get a hold of Monique or a manager. 5 Minutes later I was told that Monique was not in today. After pointing out the alternate form of a truth, I was told that I was mistaken and that I was never told that Monique was at work. I was also told that all of the managers were busy and could not be reached. I was later told that the tax team had sent a message stating my taxes had been paid out of my escrow account.

    It is with disgust that I e-mail you the terrible customer service provided to me by your company Nationstar (A.K.A. Mr. Cooper). Being lied to having funds taken out of my escrow account and not sent to pay my property taxes are characteristics that I would assign as a Ponzi scheme. Monique who is part of the Escalation Team is in fact a big problem.

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    Mr. Cooper
    Response from Mr. Cooper
    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.
    Kalie Ezenwa
    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

    Verified purchase
    Customer ServicePunctuality & SpeedStaff

    Reviewed Aug. 26, 2020

    The rep that I dealt with was very knowledgeable. He was always calm no matter how many crazy questions I had. The process was very, very fast. I liked how I could log in and see where it was at, sign my documents electronically right away, and keep the process moving. The guidance was thorough and I always felt like I was being led in the right direction. Because at the time of the signing, I had some additional questions and they wanted a check from me, and I was told I'd be getting a check. When I called Chris, he said he talked to the VP and I should sign it then they would take care of it all for me. I never mistrusted him and that was the relationship he built. It's a good time knowing that my retirement date will be close to my mortgage payoff date and we saved a bunch of money.

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    Customer ServicePunctuality & SpeedRefunds & PayoutsStaffBillingLoan ProcessResolution

    Reviewed Aug. 25, 2020

    We were moved to Mr. Cooper from another loan servicing company and given no say in the matter. We were wrongly advised on how to set up our bi monthly payments by a Mr. Cooper employee resulting in numerous late fees. Mr. Cooper refuses to reimburse us for those late fees despite it being their mistake and set up under their guidance. In addition, Mr. Cooper 'lost' a payment and I had to call and send Mr. Cooper proof that the auto payment left my bank account and was never reimbursed in order to correct the issue. Horrible customer experience.

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    Mr. Cooper
    Response from Mr. Cooper
    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.
    Kalie Ezenwa
    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

    Verified purchase
    StaffBilling

    Reviewed Aug. 25, 2020

    They were very professional. The application process was easy. I understood what was offered to me as well as other offerings. I got a lower monthly payment and one month free. They listen and help. They make sure you understand. It was wonderful for them to have the closing facilitator come to my home.

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    Verified purchase
    PricePunctuality & Speed

    Reviewed Aug. 24, 2020

    I wanted to pay a little bit less so I refinanced and the process was so quick with Mr. Cooper. It was cheaper and there was not too much complication. They did what I wanted. Everything was fine.

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    Verified purchase
    Customer ServiceCoverageTechPricePunctuality & SpeedStaffBillingRates

    Reviewed Aug. 23, 2020

    We were initially with Greentree and we were told that they will try to keep us. With that factor, I was good. But the next thing I know I'm with another mortgage company that I've never heard of. They came up with new ideas and said that my rent was gonna increase because of escrow. I asked what I would do for the interest. They said nothing and that they were just increasing it. I was out. I'm sick and tired of that kind of thing that happens. When you autopay, you're paying good money. It's not being halted, stopped, or delayed. Now, your contract is sold and you asked what you did wrong and you didn't do anything. It was the company.

    Mr. Cooper wouldn't be selling our contract. I was a little leery at first as I didn't understand how things were going to go. It took some paperwork and some of this stuff I didn't understand like the clarity of the verbiage. And then the waiting process took a little bit longer than I thought. But once it started, it started to roll pretty easily. Also, the phone numbers of trying to contact people weren't as easy to get ahold of. I had to wait for maybe 45 minutes for someone to answer the call. The waiting will make you wanna hang up the phone. But when they did answer, they talked to me and they were very polite, congenial, and professional. It made me feel good to wait that long.

    I'm at B level now. I would have gone to A if they would've dropped it tremendously on the mortgage premium and gave me more options to pay off the house. There's an old adage, "If you pay one payment, it'll knock seven years off your mortgage." No, it doesn't. They used to tell you that back in the day. You make one payment and seven years has gone off the cost of your house. If they've made that dream come true, then a lot of people would be paying that mortgage off.

    With the mortgage stuff, you'd be getting that interest back then they'll throw it on somebody else. They'll say, "This is A1 rating." Why? Because they take care of people. They may lose on the interest a little bit. They are not gonna lose a lot compared to National Lloyd's of London insurance company. They will poke your eyes out, take your underwear and pants and put socks that has holes in your shoes on you because they get to walk in. That's how bad they are. And they're super rich.

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    Verified purchase
    StaffLoan ProcessRates

    Reviewed Aug. 22, 2020

    I was looking to see if we could get a better rate. We refinanced and Mr. Cooper took over the loan. Everybody that we dealt with was awesome. One of them was Michael and he was great. Everybody was very professional and they explained everything. They were very efficient and I didn't have to send everything 16 times. They closed quicker than we expected. This was the best experience I've had. We got a little bit of a lower rate and we were able to save a few dollars. By doing this, they'll try to pay the same amount to get the loan paid off a little faster.

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    Customer ServicePricePunctuality & SpeedStaffLoan ProcessCommunication

    Reviewed Aug. 21, 2020

    This is the worst company I've ever dealt with in my life. If you have other options, use them. I applied for a home equity loan and waited 3 and a half months and still not finished with no end in sight. My loan processor was rude, childish, problematic, unprofessional, uncommunicative and insulting. She waited a month for job verification which shouldn't take more than 24 hours, 72 hours at the most, she never notified me. I waited weeks for responses from emails and voicemails and when she finally contacted me it was about something else.

    She never once answered any of my questions, not 1 of them, ever. She made me supply the same documents to her twice, she didn't know the basics of my loan and situation, I mean the very basics. I tried to call her manager to complain about her. I called 10 times over a 3 week period and left a voicemail every time and never once did her manager acknowledge me or return my call. So I called her supervisor several times, never once did she return my call. Avoid Mr. Cooper at all cost. Every day was hell trying to deal with them.

    Thanks for your vote!
    Mr. Cooper
    Response from Mr. Cooper
    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.
    Kalie Ezenwa
    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

    Verified purchase
    Customer ServicePunctuality & Speed

    Reviewed Aug. 21, 2020

    Ann ** was wonderful to work with. She responded quickly and professionally to all issues and questions we had. She made the whole process seem easy and was in constant communication if there were any changes or additional items were needed. She offered assistance in making sure we understood the process and answered all questions.

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    Verified purchase
    PriceBillingLoan Process

    Reviewed Aug. 21, 2020

    I signed through somebody and Mr. Cooper took over my loan. When my escrow went up I looked to refinance. The people at Mr. Cooper were fine. With my refinance, I definitely appreciate the cheaper payment.

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    Verified purchase
    Staff

    Reviewed Aug. 20, 2020

    Mr. Cooper held my mortgage before when they were still Nationstar. I felt pretty confident with my mortgage application with them. The process was fairly easy. The gal that we worked with told me exactly what we needed to do and when we needed to get certain paperwork in. They were all very courteous and on the spot. The promise said was kept. Everything went really smoothly. We really didn't have to go out of our way. They had a gal that showed up, a notary public, signed all the paperwork at the closing right here in our dining room table, and it was great. Everything was successfully done. I'm very satisfied because I saved nearly $400.

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    Verified purchase
    Customer ServiceSales & MarketingPunctuality & SpeedLoan ProcessRatesHonesty & Transparency

    Reviewed Aug. 19, 2020

    We originally had our loan with Paramount Bank. Once we signed the papers and bought the house, they transferred our loan to Mr. Cooper. Mr. Cooper is a terrible company. They basically scammed us out of our escrow money. They kept telling me every time I would call that the old escrow balance was being transferred to the new account and that the money was coming. But because of COVID, it was taking longer and to call back. They were telling me to wait past the point where I would say, "No, I don't wanna refinance," to trap me in. Come to find out that the customer service people lied to us over and over again. They told us we are supposed to get our previous escrow balance into the new escrow balance. That wasn't the case. They used it all on closing and they did not tell us that. For two months, I called week after week and got nothing but lies and be treated like **.

    We closed on July 1st and I didn't get an answer until last week. The interest rate is fine but I'm not necessarily satisfied with the terms because of the fact that they lie to people to get them to get past that date to where they can't go back and say they don't want to refinance. Now my escrow account is negative on top of me not getting my old escrow account. Now my credit one is negative because of their lies. I'm super unhappy with Mr. Cooper. If I could get my mortgage loan switched over to somebody that's not them right at this moment, I would. I am in the process of doing that because of how they treated me.

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    Mr. Cooper
    Response from Mr. Cooper
    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.
    Kalie Ezenwa
    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

    Verified purchase
    StaffEase of Use

    Reviewed Aug. 18, 2020

    The whole process was stress free and very easy to navigate. The employees at Mr. Cooper who worked on my refinance were all professional and attentive. They kept me informed every step of the way and made sure I was satisfied with final outcome. This company will always be the first choice for all my mortgage needs.

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    Verified purchase
    Customer ServiceStaffRates

    Reviewed Aug. 18, 2020

    I wanted to see if I could lower my rate. I knew of Mr. Cooper through the finance company that did my mortgage. I refinanced with Mr. Cooper and their customer service was responsive. Their guidance was perfect. It was great.

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    Verified purchase
    StaffLoan Process

    Reviewed Aug. 16, 2020

    I must commend Mr.Cooper Organization for having outstanding Employees, especially Scott **. He is the most efficient Expert in his Field I have come across in my Life. He kept me informed of the Process of getting the Loan approved every step of the way, he made it easy for me..

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    Verified purchase
    Punctuality & SpeedOnline & AppStaffBilling

    Reviewed Aug. 16, 2020

    My mortgage was sold to Cooper and it was incredible with their rep during the refinancing. The application was easy. They already had 90% of my information because I was a current holder. It made the process smooth and the transition was easy. I didn't have to do a whole lot. Also, their website is perfect. I'm a software developer and the layout is good and it works. It's really easy to schedule payments. And there has been a reduction in my mortgage, big time. I like Mr. Cooper best. I hope they don't sell my mortgage.

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    Verified purchase
    Customer ServiceSales & MarketingOnline & AppRefunds & PayoutsBillingLoan ProcessRates

    Reviewed Aug. 15, 2020

    I had gotten an offer from Midwest to refinance because I had been refinanced for long enough and they told me I was able to qualify for refinance for the lower interest rate. I was about ready to call them because they were friends of my sons, which was how I got it to begin with. When the guy from Mr. Cooper called me and said that since they already owned my loan, it would be much easier for them to do it. There would be less documentation and they just have to do it. That sounded too easy and it really was super easy, especially when I consider that I was working out of town in a place where phone service blows and my Wi-Fi is horrible.

    Everything has been wonderful with Mr. Cooper from the moment that they took over the loan from Midwest Mortgage. The app has made it super convenient for me to get messages and pay my bill, and I have not had a problem. I'm excited about the outcome with Mr. Cooper. I just saved enough money on my monthly payment that this month, I am buying a new dishwasher.

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    Verified purchase
    Customer ServicePriceStaffBillingRatesHonesty & Transparency

    Reviewed Aug. 14, 2020

    Received a great rate however, I spoke/dealt with several people who lacked communication with me. No return calls/emails once I agreed to refinance. Mr. Cooper has great customer service reps but when it comes to the refinance team, they need to do a better job. I ended up paying a mortgage payment for the month that I didn’t need to all because my questions/calls/vm went unanswered. That was over 2k I could have kept in my pocket. Also, it was explained to me that if I refinanced with them I wouldn’t need any closing cost. That was a lie. I had to come to the table with $1500 that I was not expecting.

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    Verified purchase
    Punctuality & SpeedStaff

    Reviewed Aug. 14, 2020

    Everything went fine with our refinance with Mr. Cooper. It was quick and painless. The rep also answered questions and made it doable.

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    Verified purchase
    Customer ServiceRates

    Reviewed Aug. 14, 2020

    When I originally bought the house, my lender transferred it to Mr. Cooper and I was already using them so I just did a streamline through them. It took a month or less from start to finish and it was easy to handle everything through email. My rate went down when I refinanced and the mortgage is lower as well. Everything's just fine. It's all buttoned up.

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    Verified purchase
    Punctuality & SpeedStaffLoan Process

    Reviewed Aug. 13, 2020

    Refi with Mr Cooper was easy and relatively stress free. Questions were answered promptly. The loan officer was knowledgeable and kept me informed during the process. The notary they choose was very helpful and made the closing process easygoing. The final disclosure was provided early with an estimated amount to bring to closing. This was concerning and I would recommend they tighten up this process. I was taken by surprise at the several hundreds dollar increase.

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    Verified purchase
    Customer ServicePunctuality & SpeedStaffBillingLoan Process

    Reviewed Aug. 13, 2020

    I checked out other mortgage companies and it seemed easy with Mr. Cooper with their tracking and everything they had, which was why I stuck with them. I went to Jonathan, the home advisor, and he was good. He showed concern to get to know me and talk to me, and showed me things such as how the tracker works. He was a pleasure to work with. He said mine was one of the fastest he has ever had that went through because I uploaded everything so quickly and got everything done. He turned me over to the loan officer but he also told me that if I had any other questions or concerns, he would check back with me after it's over and that he was always available for me. I had his direct number. I went over to Mirka and she seemed a little rushed but we got everything through. Then it was done. It took four weeks.

    The website was not up-to-date though when I uploaded some things. It said that I still needed to upload something. I called Mirka and she said that they were looking for another form. She sent me the information and I uploaded one again. It seemed like it was not my uploading but it might be that you have to wait until somebody looks at it and checks it off. That seemed a little slow but everything else was perfect. Sometimes, I don't think people know that you can include and not include what you want and what you don't want for refinances such as paying off bills. I always thought you had to do everything and that was not necessarily the case. The reps were very talkative as far as explaining that I could do it whichever way I wanted and if I wanna include extra money. Those were all laid out so that was good.

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    Customer ServicePunctuality & SpeedStaff

    Reviewed Aug. 13, 2020

    Mr. Cooper bought my mortgage. Their rep, Sam, was phenomenal. Any questions I had were answered immediately. There was no delay in response to emails and phone calls. What really stood out was his knowledge on everything and how quickly he responded back to any question I had. Mr. Cooper's guidance was very to the point and easy to follow.

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    Customer Service

    Reviewed Aug. 12, 2020

    I had my mortgage with Mr. Cooper. Refinancing with them was very easy. I did it through phone and online to sign the documents. It was no big deal. They've got great customer service. I had a good experience.

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    Customer ServiceCoverageTechPunctuality & SpeedMaintenanceStaffBillingLoan ProcessTransparency

    Reviewed Aug. 12, 2020

    We signed our mortgage and our mortgage company refinanced it with Mr. Cooper. We didn’t have a choice then but we just refinanced and that was by choice. We have our first new payment on the 1st of September and everything has been smooth. The people we worked with were great. The rep has kept us up to date every step of the way on what was going on. We never felt out of the loop. Other than that initial hiccup, everything with Mr. Cooper has been great too. Everything is fairly easy.

    We got screwed the first time because Mr. Cooper's person wasn't trained. We almost lost our house because of it. We did the initial loan for the house when we first bought it. Then, we got a letter in the mail saying that the original lender had sold our loan. They called us to do the paperwork and when we talked to the lady, she told us we didn't have any payments for three months, which was not correct.

    We saved the money but a month and a half later, we got a call wanting to know why we hadn't made any payments. I was understandably livid because a home ownership is very important. We've done everything on time and done everything that we could to make sure everything was as it should be. I was so mad and I went off on the person. We're now all of sudden two months behind on our mortgage and we are not that kind of people. I had specifically asked her when the next payment was due. I wrote everything down because I'm very meticulous like that. Their disclaimer said they record these phone calls for training purposes. I told them to review it and they did. They came back and all they could say was sorry. There was nothing they could do to fix it. They knew exactly what happened when they reviewed the tape. But everything since then has been perfect.

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    Punctuality & SpeedStaff

    Reviewed Aug. 11, 2020

    Had to refine mortgage, great job by everyone. Took no time at all. Great job and everyone was very patient and kept in touch to let me know each step, as we waited for the end result. I would do this again, with this company. This is my second time.

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    Punctuality & SpeedRates

    Reviewed Aug. 11, 2020

    Worked with Jess ** to pull the refinance together. This was my second time working with him to refi the house to take advantage of the lower interest rates and both times were good experiences. Getting a mortgage isn't anyone's idea of a fun time but Jess and Mr Cooper made the process simple and fast. The terms were clearly explained, nothing hidden, and the paperwork came through on time and as expected. Have recommended both the person and the company to others.

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    Customer ServiceSales & MarketingOnline & AppStaffBilling

    Reviewed Aug. 11, 2020

    One of the members of Mr. Cooper called when it was during the COVID thing, and I was quarantined for a while. He was asking if I had any questions about refinancing. He told me the options I had with the VA benefits. So, I decided to take advantage of that since I was already part of Mr. Cooper. The rep was really professional, knowledgeable, courteous of everything too, and was able to answer most of our questions. If he didn't know, he'd look it up and that made it really easy.

    The guidance I got was really good with like any questions I had, they answered them really well and made the process easy to understand. 'Cause I don't know a lot about real estate stuff. They were good at explaining this stuff to where I could understand it. I also love the app because everything is stored on there. That's really useful for paying our bills. So I really recommend it. Mr. Cooper has excellent, professional individuals who know what they're doing.

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    PricePunctuality & SpeedLoan ProcessRates

    Reviewed Aug. 10, 2020

    From the initial contact to Mr. Cooper to the closing, the loan process was quick and easy. The web "Loan Application Tracker" feature made the process very efficient. The interest rate I received with credits toward my cost for doing the loan made my loan extremely competitive. Thank you Mr. Cooper!

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    Staff

    Reviewed Aug. 10, 2020

    This the second time I have refi with Cooper. Both times has been a pleasant/ professional experience. Look forward to a long relationship. Mr. Cooper contacted me both times to advise me I was eligible. I would recommend Cooper to all my friends family and anyone looking for a seamless process.

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    Customer ServiceStaffRates

    Reviewed Aug. 10, 2020

    I've been with Mr. Cooper for years. I found them through a refi from 15 years ago. I refinanced with them for the lower interest rate. Customer service was great. Lou was my rep and he was very professional. He was on top of it all. My experience was great.

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    Customer ServiceStaffRates

    Reviewed Aug. 10, 2020

    I bought the house that I refinanced a year ago and Mr. Cooper was my mortgage holder already. I got a communication indicating I was eligible for a lower rate. The rep made everything understandable and the time frame was perfect. It was just as they explained. It wasn’t too long nor too short. Everything went perfectly.

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    Customer ServiceStaffBillingLoan ProcessRates

    Reviewed Aug. 9, 2020

    Thank you Mr. Cooper for lowering our payment by $400 per month, lowering our interest rate and saving us more than $45,000 on the life of our loan. We appreciate our loan coordinators (Jody ** and Rosio **) for their excellent customer service and responsiveness! They answered all questions timely and completely. Everything went as they described and we have saved a LOT of money with Mr. Cooper! YAY!!!

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    Customer ServiceBillingCommunication

    Reviewed Aug. 9, 2020

    We’ve refinanced with you before so it’s really a comparison. If this was our first time, we say there were no issues. This time there was less communication, there were long periods of time where we didn’t know what was going on it where we were in the process. And once it was done there was no communication about whether we should stop our current automatic payments. We figured it out but more communication would have been nice.

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    Punctuality & SpeedStaff

    Reviewed Aug. 9, 2020

    My experience with Mr. Cooper was amazing. They took their time to work me through the refinance process from beginning to end and I do not have words to describe their professional service. I highly recommend Mr. Cooper to anyone looking to purchase or refinance their home.

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    Customer ServicePunctuality & SpeedRefunds & PayoutsStaffBilling

    Reviewed Aug. 9, 2020

    I mailed my July payment to Mr. Cooper via certified mail and signature confirmation. They received it July 3rd and signed for it. Then, they simply lost the check. This was a cashier's check from the bank. They didn’t bother to tell me they lost it. I had to find out the hard way a month later when my account shows 30 days late while I’m trying to refinance. On top of this disgusting negligence and incompetency, they won’t do much as apologize or try to correct their mistake, it’s simply my problem. They do not care at all.

    I am out of pocket $196.06 for THEIR mistake. And you guessed it, now they don’t answer the phone or return calls. They owe me $196.06 and a written apology. I WILL not stop posting about this terrible company until they take responsibility for their actions and fix their problems. Monday morning I have a meeting with the local media who have agreed to air the story. Maybe that will embarrass them enough to take responsibility.

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    Mr. Cooper
    Response from Mr. Cooper
    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.
    Kalie Ezenwa
    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

    Verified purchase
    Billing

    Reviewed Aug. 9, 2020

    The refinancing process at Mr. Cooper was easy. It took about 30 days from start to finish. They were easy to get a hold of and I have a lower mortgage payment here in a few weeks.

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    Customer ServiceTechPunctuality & SpeedStaffTransparency

    Reviewed Aug. 9, 2020

    The people I worked with at Mr. Cooper were good in terms of the professionalism of getting the refinance through. The only portion that I'm unsatisfied about is the escrow money. I'm very disappointed with Mr. Cooper. I didn't wanna refinance but I had to because I needed the escrow money and they were supposed to give it to me. But I'm still waiting for it. My wife and I have a refrigerator that's gone kaput and when all these started, I said to everyone I talked to who was associated with Mr. Cooper that the only reason why I’m refinancing was because I needed to get a fridge. So, they knew upfront. I even called one time and asked if there was a way that they could expedite this. They said that they had no control over the escrow and that doesn’t make sense to me.

    We still will be using the escrow money to buy a new refrigerator. So, in order to not borrow from family, uncles and aunts and cousins, we went on a refinance while we wait for it. If we weren’t wasting money because of spoiled food and going through the inconvenience of dealing with our refrigerator, we probably would be saying wonderful things even more so about Mr. Cooper.

    My wife doesn’t like the transparency. We don't know what's going on in the other end. They don't keep up with us and that's the problem. We don't know the amount of money and what's being discussed. We're not in on decisions as far as the escrow, how that's being done and when it's going to come. For example, we live in the state of Georgia and when you refinance, we all know that nothing’s efficient till a lawyer comes to the house. In any case, she’s very professional and nice. Then one of the rules and regulations that we had was that if we were able to give the lawyer a blank check with our routing number and account number, the money could be wired to us instead of a check sent in to us in the mail. So, we did on July 24th.

    I called Mr. Cooper and I mentioned the story about the blank check, the routing number and the account number. Every person I talked to looked at the remarks, put me on hold and came back and said that the remarks doesn’t say anything about anything being wired. More than likely our check will be coming through Federal Express. So, it’s like they say one thing but do another or they do one thing and they tell us about it differently. There’s no consistency with the professionalism that we started out with.

    After the lawyer came and we signed all those pages, we expected that things would start to move. I expected to wake up August 1st and I’ll look at my account, and the money would be there. It is August 13 and still nothing and we don't know if it’s going to the account or is it gonna come through the mail. I would still recommend Mr. Cooper but with an explanation that we were dissatisfied. Mr. Cooper should have more transparency to get in touch with their customers and if they say one thing, that should be the way it is throughout the whole deal.

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    Customer ServiceStaff

    Reviewed Aug. 8, 2020

    I happy with Mr. Cooper. Never had any issues with them. I had Mr cooper for years. They helped me with getting my new house and they do great help like communication and responding thru email and phone and text.

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    Punctuality & SpeedLoan ProcessRates

    Reviewed Aug. 8, 2020

    The process was very fast and easy. The rate for 30yr fixed was great. Saved us over $100.00+a month. We could not pull out any money due to it being a VA loan. The persons we dealt with, David **, loan processor and others associated with processing the loan were great.

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    Customer ServiceRates

    Reviewed Aug. 8, 2020

    I have refinance twice with Mr. Cooper and I have to say they always have the best customer service. They make the process so easy and always have competitive rates. They were able to handle both my refinance in a timely manner.

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    Verified purchase
    Staff

    Reviewed Aug. 8, 2020

    Always a pleasure to deal with you guys. Very attentive and knowledgeable. Second time in 2 years that we have refinanced and it always goes so smoothly. Thank you for the great job. I will definitely recommend you to anyone wishing to buy a home or refinancing.

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    StaffBillingLoan Process

    Reviewed Aug. 8, 2020

    Mr. Cooper bought my loan. Their reps are all very nice. Since the refinancing, I have a lower payment.

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    StaffRates

    Reviewed Aug. 8, 2020

    Mr. Cooper took over our mortgage when we bought our house. We just decided to stick with the same company. Everybody was very helpful and things went pretty smooth. It went a lot better than we anticipated. We were after the lower interest rates, and we were able to get it. I'm glad Mr. Cooper is our mortgage company.

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    Punctuality & SpeedStaffLoan ProcessRates

    Reviewed Aug. 7, 2020

    Mr. Cooper was who our loan was sold through. I worked with a very helpful rep. He was very quick, very thorough and helpful. Since the refinance, I got lower interest rates. My experience was great and I would recommend Mr. Cooper to others.

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    BillingLoan Process

    Reviewed Aug. 6, 2020

    Everything with Mr. Cooper went wonderfully. It was simple partly because it was a military IRRRL loan. Their consultants were good. We missed one payment. It was worked in the loan. It's when the loan was approved with 30 days to make the payment.

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    Customer ServicePunctuality & SpeedStaffLoan Process

    Reviewed Aug. 6, 2020

    After about three months of us with our previous lender, our account was transferred to Mr. Cooper. We got the paperwork that our loan had been sent. We'll be working with someone else with our loan now. Everyone that I've spoken to has always been kind and very patient. I'm new to all these whole house stuff. They answered all of my questions and they responded very quickly when I left voice mails. They answer emails as well. My experience was great with them.

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    Customer ServicePunctuality & SpeedRefunds & PayoutsStaffBillingLoan ProcessRates

    Reviewed Aug. 5, 2020

    This is the first home we've ever purchased and when we went through the mortgage process, our loan ended up with Mr. Cooper. There was a gentleman named Lance and he was phenomenal. He reached out and he said he was part of a special team. He called on a Saturday and left a message. I listened right away. He identified himself as working for Mr. Cooper and wanted to know if I was interested in refinancing. He might be able to save me some money and said to give him a call back. When I called him back, he said that he was looking at all the payments that we've made on time and that he thinks he could get me down into the high 3's. I said that was great and he called me back three days later. He said they could get me down to 3.2. I was so excited.

    Lance was knowledgeable and I trusted him from the moment I spoke with him. He built rapport very quickly with me. Him and Liz made this the easiest process I've ever gone through and it was a great experience. I had to bring less than my mortgage payment to closing because we went through a reclosing. I did not have to pay my mortgage in August and now when I go to pay my mortgage in September, it is about $350 less. The experience was fast, uncomplicated and easy. Mr. Cooper did all the hard work for me.

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    StaffLoan ProcessRates

    Reviewed Aug. 4, 2020

    Everything was very good with Mr. Cooper and everybody that I talked to was very helpful. The rep was very good. I'm extremely happy with the interest rate and the loan process went very smoothly. It went much better than any of my other mortgage processes. It was an awesome experience with Mr. Cooper and I'm glad with my financial aid.

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    StaffRates

    Reviewed Aug. 4, 2020

    I was transferred from Nationstar to Mr. Cooper. I refinanced because of the lower rates and I needed some cashout. Initially, Mr. Cooper wasn't able to beat some lower numbers I got from Credit Union 1. But once I was able to show that the rates they were offering were legitimate, they jumped right in and not only matched them but beat them. They provided guidance that was understandable. It was fine. I'm satisfied.

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    Customer ServicePricePunctuality & SpeedStaffLoan Process

    Reviewed Aug. 3, 2020

    Mr. Cooper was awesome. They were very responsive, quick with questions and answers, and the whole thing went well. I already knew what I wanted so it was pretty easy. I already had a loan with them, so I just called to refinance to get a cheaper one. It'd be easier with them than going through another one and doing all this stuff over again.

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    StaffRates

    Reviewed Aug. 3, 2020

    Our experience with Mr. Cooper could not have been better. Every person I worked with was excellent too. I was very satisfied with their rates and terms as well.

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    Customer ServiceStaffBillingLoan Process

    Reviewed Aug. 2, 2020

    Mr. Cooper bought my loan from National Mortgage and after that, we did a refinance with them too. It happened right here when this COVID stuff hit. We were trying to get our payment down. The manager, Kevin, was awesome and I didn’t have any problems at all. He was very professional and nice on the phone. He did a good job. Working with Mr. Cooper was positive. They tried to help us out as much as they could. We just got that lower payment and so that helped us out a lot as far as bills during this crisis.

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    Customer ServiceStaffBillingRates

    Reviewed Aug. 2, 2020

    I got something in the mail and I made the phone call to get some information on refinancing the old mortgage. It sounded like something I wanted to do. Everybody was nice and informative at Mr. Cooper. I'm making my mortgage payment tomorrow and it's saving me some money. I got a lower interest rate. I haven't had any issues thus far. It was a good experience overall.

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    StaffBillingLoan Process

    Reviewed Aug. 1, 2020

    I'm happy with Mr. Cooper. With COVID, the process was a little tougher because the title company had to come out to the house, but it wasn't a big deal. It took like about a month or so. Since refinancing, my payment's lower. I worked with a loan officer named Regina who was amazing. She was on-point, very organized, very detailed and very communicative. She made the refinance experience a really celebratory one. There was no stress.

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    Customer ServicePriceStaffLoan ProcessRates

    Reviewed July 31, 2020

    Mr. Cooper has been a phenomenal mortgage lender. We paid our mortgage on time for an entire year. And because we did that, we were allowed to refinance our house to a much more affordable rate. Everything with Mr. Cooper has been awesome. We went through Supreme Lending and got approved. Then once it was final, Mr. Cooper picked up the loan as per the mortgage industry. I worked with Brad and Jeremy. They've got excellent customer service. I got zero issues with Mr. Cooper all the way around. We got reduction by 20% of our mortgage, which allows us to reacclimate that money into our children. We saved $400 in this refinance.

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    Customer ServiceStaffLoan Process

    Reviewed July 31, 2020

    The people we bought the house from got the loan from Mr. Cooper. So, we were with Nationstar. Mr. Cooper was doing some program and they asked, "Would you like to refinance?" I did. And I'm at peace. Their reps were quite helpful and they were always there when I called. They answered all my questions.

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    Customer ServiceCoveragePunctuality & SpeedStaffBillingRates

    Reviewed July 30, 2020

    I kept getting these emails and correspondents through the mail saying that interest rates are an all-time low. So I tried it. The rep from Mr. Cooper was wonderful. He was very respectful and informative. If I called, he called back really quickly if he wasn't able to take the call at that moment. Once this whole process started, even though he was busy, he called me. It was difficult to get ahold of my insurance company. He had reached out with them. The insurance company contacted me saying that they didn't receive a payment and he personally got ahold of them and said, "Hey, if you need to get ahold of me, I'll go ahead and take your calls even if I'm busy at that moment to get this squared away."

    Refinancing my old mortgage have been able to save quite a bit of money. I dropped from a 4.67 to a 2.773. I didn't have to really do anything because it was all handled by my rep minus answering a few emails and submitting a little bit of information. It was all an easy process. John made it really easy for us. Mr. Cooper made it so simplistic that it was the easiest. This was my third time and the easiest by far that I've ever been through.

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    Contract & TermsStaffRates

    Reviewed July 30, 2020

    I had an existing account with Mr. Cooper. I refinanced with them because the rates were going down. Their people are knowledgeable and courteous. They were pretty open and they gave me some options with some incentives. And because I was refinancing with them, things are a lot easier. I got a lower interest rate. The thing, however, is we exchanged documents back and forth and I thought because I had an account, those documents would still be up at the website. But they weren't. An example would be the lending disclosure agreement. I had to sign off on that. But when I went back to look at it again, it was gone.

    Also, because the disbursement date was after the closing date, there was a difference in the final numbers. I asked a number of times if I could get that document. Eventually, it got mailed to me. But they didn’t indicate that I was gonna get that through US Postal mail. On the whole, my experience with Mr. Cooper worked out fine.

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    Customer ServiceBillingRates

    Reviewed July 28, 2020

    I was with another mortgage company prior and they were bought out by Mr. Cooper. I ended up refi-ing last year with them. When I refi-ed again this year, they did really good by me. Even when they did my refinance the first time, they were really good to work with. When the interest rates dropped out, I called and the guy reworked it and did awesome by me. They literally shaved four years off my mortgage without even having to have my payment go up. The only thing is the guy who came and did the closing on my house this last time was like a meathead. He wasn’t very pleasant to be around. My little dog came downstairs and he started freaking out.

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    CoverageStaffRates

    Reviewed July 27, 2020

    The application and underwriting process with Mr. Cooper was easy and smooth. It took a couple of weeks and their rep was incredible. Also, I'm overly satisfied with the rates and terms.

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    Punctuality & SpeedRatesTransparency

    Reviewed July 26, 2020

    Working with previous lenders was a paint. I have 800+ credit and it seemed that they always needed 1 more thing from me. I was tired of this type of poor service and wanted something better. A friend recommended Mr. Cooper to me. It couldn't have been easier! I uploaded my documents, and checked the website for updates. It wasn't long before a notary scheduled a signing at my house and we signed papers right at our kitchen table. I am very happy with the rate and great service!

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    StaffRates

    Reviewed July 26, 2020

    I did a refinancing for a lower interest rate. Everybody at Mr. Cooper that I worked with was really great. They were friendly and they made the process really seamless.

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    StaffLoan Process

    Reviewed July 25, 2020

    I had a loan with somebody else and Mr. Cooper bought it, so I ended up with them. The reps were very helpful and professional. The process took a month and everything was smooth. I recommended them to a couple of my friends too.

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    Rates

    Reviewed July 24, 2020

    Mr. Cooper offered me a good rate so I went through the refinance process with them. The process wasn't that long and it was really easy. They didn't require a lot of paperwork and the lady came right out to the house and we signed the closing docs. It was smooth.

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    Rawlings increased rating by 2 stars.
    Customer ServicePunctuality & SpeedRefunds & PayoutsStaffEase of Use
    After a positive interaction with Mr. Cooper, Rawlings increased their star rating on Feb. 18, 2023.

    Updated review: Feb. 18, 2023

    This issue was resolved.

    Original Review: July 23, 2020

    Mr. Cooper has good app with lots of tools to use and user friendly. However, disappointed with research & customer care departments. I sold my house on June 3rd 2020, it's now July 23rd and I'm still waiting for them to send me back refund for escrow and other amount they miscalculated. They usually say you would get a refund after 21 days. Gave them all information but still no action yet. I have received emails with no name signatures. You can't track who you are communicating to. I'm actually surprised they use name signatures on this review site in addition to Mr. Cooper.

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    Mr. Cooper
    Response from Mr. Cooper
    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.
    Kalie Ezenwa
    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

    Verified purchase
    Loan Process

    Reviewed July 23, 2020

    We were switched to Mr. Cooper and we've pretty much been with them since we got our home loan. I've been paying Mr. Cooper for about a year now and working with them was easy. The experience was very good.

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    PricePunctuality & SpeedStaffLoan ProcessRates

    Reviewed July 23, 2020

    I'm still in the process of doing one of my refinances, but the other one went cool. The interest rate was good with that first refinance. Then once I knew these rates were gonna go down, I had to seize the moment. It helped me out far as the pricing each month so it was an easy deal. The process took about 30 days after we did all the actual computing of the numbers. It was very quick but this second one is taking too long. Mr. Cooper wasn’t using my escrow to pay the taxes and I didn't know that so then by the time we found it out, I was in the process of refinancing. Now, they have to clear that up and then we can finish the loan. They need to hurry up ‘cause it's their fault. But the professional I worked with was a good man. He went above and beyond and did his thing.

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    Customer ServiceRatesFollow-Through

    Reviewed July 22, 2020

    I already had Mr. Cooper as my mortgage holder then they kept sending me things and telling me they could lower my interest rate so I refinanced with them. The process was seamless. The customer service stood out with the way they eliminated a lot of unnecessary stuff. It wasn't a big ordeal, like going to a mortgage broker and trying the hassle of getting the deal and getting your documents together. They made it easy, did what they said they were gonna do, and they were on time. They were impeccable and got back to me when they said they would. It was a great experience.

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    Customer Service

    Reviewed July 21, 2020

    The experience was better than expected. The only thing I would suggest is more frequent communication initiated by the company on the phone until the final paperwork is completed. Not everyone has a computer to use in these trying times.

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    Customer ServicePricePunctuality & SpeedLoan Process

    Reviewed July 21, 2020

    I had my loan from a local company in Arizona and Mr. Cooper bought it. I've been dealing with them since this COVID and with the call volume at this time, they still did their best to keep up with time and dates. I was surprised by the time frame, from the time they gave me the quote to the closing. I didn't believe it. It happened that fast. I was happy with the service.

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    Loan ProcessTransparency

    Reviewed July 20, 2020

    Refinanced Home Loan. I was disappointed the way my refinance was handle by the person was managing the process (Ms **). I was not informed on was need to expedite the process and get closed and funded. I had to contact the person constantly to know status. The Title Company was not very transparent with their fees.

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    Customer ServicePunctuality & SpeedStaffLoan Process

    Reviewed July 20, 2020

    I sincerely do appreciate the assistance received from Gary **, Mortgage Professional and Sunee **, Loan Processor/Closing Coordinator of Mr. Cooper in refinancing my home. Both Mr. ** & Ms. ** were very knowledgeable, responsive, & professional throughout the entire process. They worked diligently to keep me in the loop as items progressed and were prompt to respond to any/all questions. Prior to working w/ Mr. ** and Ms. **, I was contemplating moving my mortgage loan from Mr. Cooper. However, as a result of the excellent service received from them I am a continued loyal customer. Not only do I recommend Mr. Cooper, I strongly recommend Mr. ** & Ms. ** in meeting your mortgage needs.

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    Customer ServicePunctuality & SpeedStaffLoan ProcessRates

    Reviewed July 20, 2020

    Mr. Cooper purchased my loan from the original place that I started my loan process. We never had any problems with them so we went through a refinance with them. We saw a better interest rate option and decided to go ahead and do that. One thing I had an issue with was it took them a minute to get the title company the information that was needed for me to be able to have the notary come and have the documents signed. The notary was scheduled for noon and they weren't able to show up at noon because she didn't have the documents out for us to sign.

    Also, one of the people that we dealt with was very poor with her communication skills. I like to know what's going on each and every single day as the loan progresses. I know it's ever-changing and it's not a once a week change thing, it can be daily. I felt like her communication lacked to the point where I ended up having to reach out to her supervisor. He contacted me immediately and pretty much took care of any of my concerns and made sure that I knew what was going on. I had warned him ahead of time that I was very involved and I like to know what's going on at all times. He was right there to help curb my frustrations and my fears.

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    Customer ServicePunctuality & SpeedBillingLoan ProcessRates

    Reviewed July 19, 2020

    About a month after we closed when we bought our new house, our loan was bought out or switched to Mr. Cooper. Then, a year later, we worked with them to refi. The process was about five weeks from start to finish. Everything was handled via email and it was very smooth. Pretty much everything they told us was exactly how it ended, so I was very pleased, and I'm happy with the rates as well as the monthly payment. I would highly recommend them to anyone looking to refi.

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    Customer ServiceStaffBillingRatesTransparency

    Reviewed July 18, 2020

    I worked with Valerie and she was such a good contact. She’d call me if there was any updates or expectation or to let me know what they were working on or what they needed if I did need to do something. I have a manufactured home so I can't get a great interest rate as good as I could if I had a regular home. But I was able to lower my interest rate and help out on my payments. I was also able to save money for retirement.

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    Customer ServiceCoverageSales & MarketingPriceOnline & AppRefunds & PayoutsStaffLoan ProcessRatesTransparency

    Reviewed July 17, 2020

    We've had a mortgage with them for three years. Their site and app are great, and everything has been fine. Given the positive experience, we opted to refi with them. They didn't offer the lowest rate, but matched the lowest we could find. Since applying, communication has been awful. I constantly have to ask for updates and everyone seems highly annoyed at my doing so. Then yesterday, when asking for an update on the appraisal which was turned in Tuesday, they told me the underwriting turnaround is 60-70 days, and that I'm lucky because other companies are taking up to 4 months. I emailed both the other lenders we got quotes from, they both have normal turnaround right now, closing in about 3 weeks.

    Their website has a whole COVID FAQ and nowhere does it mention this, nor did the loan officer mention it. Now I'm in a huge jam because I needed this to process in a very reasonable 5 weeks (3 weeks from now), and I already paid for and had my appraisal. Really frustrating. The loan officer team's whole approach is "sorry we had to be the messenger of this"... yeah dude, someone else at your company should have told me this weeks ago. Huge bait and switch.

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    Punctuality & SpeedStaffLoan Process

    Reviewed July 17, 2020

    Our loan was with Mr. Cooper then we decided to do a refinance with them as well. It went great. My interaction with their rep was quick, easy and professional.

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    StaffBillingRates

    Reviewed July 16, 2020

    Mr. Cooper is my primary mortgage company and I wanted to do a refinance to lower the payment. Their reps were good and we finished the process in about a month. I’m satisfied with the rates and terms that I got and things worked out well.

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    Punctuality & SpeedStaffLoan Process

    Reviewed July 16, 2020

    Everything was pretty efficient and pretty quick. The loan processor stayed in touch with every detail right up to the last day. It was all pretty good, straightforward process. It was nice to be able to actually talk to the loan officer who was gonna do the loan instead of from multiple channels and not being talked to the person who says yes or no on it. But Mr. Cooper needs to get their name out there more because I didn't even know they existed until the mortgage was sold. It's a pretty good company to work with.

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    TechStaffBillingLoan ProcessRates

    Reviewed July 15, 2020

    My loan is VA. So I was just trying to shop for a lower interest rate to lower my monthly payments. I was already with Mr. Cooper so I went with them for the refinance. Everybody was cool and dealing with them was very professional. They were very well-spoken and informative about what they were talking about. Everything went smoothly. The lady that came out and did it was very professional and informative. It took about 45 days and it was easy. I saved some money from it.

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    Customer ServiceCoveragePunctuality & SpeedRefunds & PayoutsStaffBillingCommunication

    Reviewed July 14, 2020

    I spoke with a service representative to verify best way to pay while switching homeowners insurance companies. Since a bulk check was sent to my previous insurance, no stop-payment could be issued, so my options were to pay or let Mr. Cooper know the amount to pay out of my escrow. I paid. Then I received a letter showing that Mr. Cooper also paid bringing my escrow to a negative balance. When I contacted them, they said I would receive a refund from the insurance companies and would need to send the check to Mr. Cooper. I received one from the previous company, but not the new one that received double payment, so contacted my insurance agent after 6 weeks. They contacted new insurance company who never received Mr. Cooper's payment, then contacted Mr. Cooper who after 1 hour on the phone said they would put in a stop payment.

    My bill arrived 1 month later with a negative escrow still, so I tried to call Mr. Cooper. Their automated system couldn't get me to a representative in insurance nor escrow after entering my account number + verifying my information 4-5 times. I had to hang up and choose a different option so that I could wait on hold 10 minutes to speak with a representative who could then transfer me to someone in insurance and in escrow. Finally, after another hour, they were able to process (hopefully) a stop-payment on their check sent to new insurance company and maybe I will receive credit instead of having to pay extra into escrow. They said thay had no record of the previous request for stop payment, yet didn't question my stop-payment request. Horrible waste of time due to their lack of communication and completing what they said they would do!!!

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    Mr. Cooper
    Response from Mr. Cooper

    Elisabeth -

    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.

    LaQuinte' Proby

    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

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    Customer ServiceStaff

    Reviewed July 14, 2020

    Great Company to work with!!!! And very easy. Everyone we worked with was friendly, knowledgeable and committed to us. The follow up on all the details on the refinance was outstanding. The follow up after closing was also above and beyond any other companies we have dealt with over the years.

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    PriceRates

    Reviewed July 14, 2020

    Refinancing with Mr. Cooper was cheaper and they had a lower monthly price. They kept saying that I could lower my interest rate and the process was good. They did it in a timely manner. Everybody could start out with them.

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    Customer ServicePriceStaffLoan ProcessTransparency

    Reviewed July 14, 2020

    They were professional, informative and they followed up. We were able to cut years off the loan. But at the very end, they really weren't keeping me up to date and the closing costs changed very last minute. In the last few days, they told us that we were gonna close. I asked them when would that be but I wouldn't hear anything from them. So the communication could have been a little bit better. But they were really busy, which I understand.

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    BillingRates

    Reviewed July 13, 2020

    I was already with Mr. Cooper and when I decided to refinance, they already set up everything for me, so I didn't have to look for somebody else. The whole process took about 10 days. I was able to lower my monthly payment and interest rate.

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    Customer ServiceStaff

    Reviewed July 12, 2020

    The people that helped me with refinancing my house were very helpful and knowledgeable. They answered all my questions. If I had to leave a message they always returned my phone calls in a timely matter. I would highly recommend Mr. Cooper to anyone buying a home.

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    StaffLoan ProcessRates

    Reviewed July 12, 2020

    I bought my house and then my loan was sold to Mr. Cooper. I just maintained it and refinanced with them. I saw that the rates were going down and I was reaching out to see what their rates were. They told me what it was and then I agreed to it. They were very professional and extremely informative. They never failed to answer any questions at all. They explained every step of the way what to do next. The rate that I got has significantly lowered my monthly mortgage.

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    Customer ServiceTechMaintenanceStaffLoan Process

    Reviewed July 12, 2020

    They dropped my percentage down and it was like 1.1%. They were on top of everything. They let me know exactly what I needed to provide. Every stage was very smooth and very seamless. It was a lot easier than the original time I got the loan. I called them and they took care of everything. Even with all the COVID-19 stuff, they were able to arrange to have a notary come out to my house to do all the paperwork. The whole experience was very easy. Mr. Cooper is a great financing company, in general. I had my garage burn down a month after I bought the house and they've been very understanding. I live in the state of Washington so while they replaced roofing and windows, it's not a very easy task when every other day it’s raining. It's almost a year since my garage burnt down and I still haven’t finished doing the repairs because of rain. But they haven't been pushy or demanding. They just say they understand and to let them know once it’s done.

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    StaffLoan Process

    Reviewed July 11, 2020

    Our experience was exceptional. First person I dealt with was Dante **. Very personable. Very professional. Gave me options without forcing anything on me. Then Kelly ** was the loan processing officer. Again answered all my questions in a timely manner. Very professional. Process was easy to deal with online. Self explanatory. A job well done!

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    Customer ServicePunctuality & SpeedStaffBilling

    Reviewed July 11, 2020

    When we bought the house, we got Mr. Cooper. Then, they called about doing a refinance and at the time, we wanted to do it anyways. The rep we worked with was really helpful and she pretty much answered any question that we had. She moved the process along pretty quickly, so I was happy with her. Now, we are experiencing lower payments which is really nice.

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    Staff

    Reviewed July 10, 2020

    Mr. Cooper's reps were very professional and knowledgeable. The whole process took about a month and things worked out exactly the way I'd hoped.

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    PricePunctuality & SpeedStaffRates

    Reviewed July 10, 2020

    I was with Mr. Cooper then I refinanced with them. I received some e-mail notifications regarding rates and everything. I looked into it directly with them. Initially, I had a guy who told me he wasn’t able to give me a very good rate so I didn’t think it was gonna happen. I had a question and he transferred me to someone. He said it was one of their specialists. The last person handled it and answered every question super quickly. He quoted me a rate and we were moving forward. He got me the rate that I was actually expecting to get. It was a big difference between one person with the other. Either the initial person I spoke with was not too motivated or didn’t really know what he was doing. The refinance took approximately a month.

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    Customer ServiceStaffRates

    Reviewed July 9, 2020

    It's a good time to refinance. Mr. Cooper called me about doing one with them and since they were already my mortgage company, I agreed. They offered a lower rate and saved me a little over $300 a month. Their service was great and everything was pretty seamless via email, which I liked. They were professional, too. If I had a question, they were able to answer it and I don't recall any point where I felt dissatisfied.

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    Customer ServiceStaffEase of Use

    Reviewed July 8, 2020

    Mr. Cooper reached out to me about doing a refinance and since I've not had a bad experience with them, I continued. The agent I was talking to was in California and he was very good. When I reached out to him, he responded almost instantly and was willing to stay on the phone with me. I have no idea how mortgages work but they were able to explain everything to me. The process was seamless and I didn't have to send in any paperwork. I could do everything online, upload my documents, and the site was very easy to use.

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    StaffLoan ProcessRates

    Reviewed July 8, 2020

    We like the lower rates of Mr. Cooper and that we're saving money. This is our third loan with them and their rep was very professional. We went from the 30-year to a 15-year loan. Everything was fine and we'd recommend Mr. Cooper. They're easy to deal with and they have good financing rates.

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    Customer ServiceStaffTimeliness

    Reviewed July 7, 2020

    My experience with Mr. Cooper is very good. I was with another mortgage company. They switched me over to Mr. Cooper. But after I got switched over to Mr. Cooper, it seemed like their customer service is much better than the previous mortgage company that I had. So, ever since then, I've been with them for about two years now and it's just been great. They sent an email saying that I could save a little money if I refinance. So, I said okay. The refinance went quicker than I thought. Within a month, my refinance was done. I saved about $50 more a month. It was good. The reps were also very helpful. Any time I needed a question answered, I'd call and they would respond right away. I had a really good experience with all the representatives I had to deal with.

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    StaffBillingRates

    Reviewed July 6, 2020

    I owned three houses before and I went through different type of lenders but it was really difficult to get through to them. But Mr. Cooper was pretty simple. They are really easy to work with. My wife was talking to a lady and she was really helpful. She gave us different options, like if we wanna get money out, or if we wanted to do a 30-year or a 15-year. She explained all the options really well and that was what I wanna hear. She helped us a lot even to lower our interest rate. At the time, we needed to lower our mortgage as much as possible. So she gave us a guidance that a 30-year option will be better because our payment would be lower. I was really, really satisfied with Mr. Cooper. You get two months without paying the mortgage when you refinance and that's a lot of help. Not only that, it lowered our payment, which definitely we needed.

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    StaffLoan ProcessRates

    Reviewed July 6, 2020

    My original loan got sold to Mr. Cooper and every time I've had to talk to them, they've been very good. So, I decided to refinance and try to stay with them. I wanted to do it for a lower interest rate and everything went smoothly. My experience with Mr. Cooper's rep was great and the whole process took about a month to complete. I want to continue being a customer.

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    Customer ServiceCoveragePricePunctuality & SpeedRefunds & PayoutsStaff

    Reviewed July 5, 2020

    This company is a consumer's nightmare. First they overcharged my escrow account with made up estimates for my American Modern Insurance policy and failed to pay American Modern on time thus having my homeowners policy canceled. I called the insurance department and they said the premium had been paid but after checking with American Modern again it had not been paid. I had to pay over $1300 to reinstate the policy even though Mr. Cooper had the money in escrow! The American Modern agent said “ Cooper” always pays on the last possible day and in my case it was 18 days late. It then took several weeks to get my money back. I wrote the Mr. Cooper but never got a response. Very disreputable company! I just pray that they pay my property taxes on time.... They have lost my trust.

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    Mr. Cooper
    Response from Mr. Cooper
    I appreciate you informing us of your experience. It is my goal to make every attempt to resolve your concerns to the best of my ability. I will follow up privately with a resolution to your concerns.
    Kalie Ezenwa
    Community Manager

    You are welcome to call our escalations line at 888-509-2432. Since it's a small team, we are here Monday - Friday from 8 am - 5 pm CST. If there's something I can assist you with, I'm happy to help - you can email me at Social.Media@Mrcooper.com. Thanks!

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    StaffRates

    Reviewed July 5, 2020

    They reached out to me and they had a better rate available. The gentlemen that helped me out was super helpful. He was awesome. The process took about two weeks but that was because I was in and out of town. But they sent somebody right to my house, signed the documents and it was really smooth. They worked on my terms. When I was available, they were willing to talk versus when they were available. Their rates were excellent too. The lowest that it could have been.

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    Customer ServicePunctuality & SpeedStaffLoan ProcessRates

    Reviewed July 5, 2020

    Everything was good with Mr. Cooper except it took our loan officer a couple of days to call us back sometimes. It was hard to get ahold of them from the very beginning but once I got ahold of somebody, it went pretty quick. The refinance was completed in three or four weeks. I was looking to lower my interest rate and I'm really satisfied with the outcome.

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    Customer ServicePunctuality & SpeedStaffBillingRatesFollow-Through

    Reviewed July 4, 2020

    I refi-ed with a local broker and it was sold Mr. Cooper. About eight months later, my mortgage rates have dropped down very low and somebody from the organization called me and let me know that there were some lower rates available. I looked into it and it was financially advantageous. So I proceeded to refi with them. Refinancing with them was very easy and straightforward. They did awesome. Andrew was my mortgage broker and he did a great job following through, really well-informed the whole step of the way. Then Johnny was the processor. He was also thorough, prompt and very easy to work with. I had a good experience. I was fully informed and no surprises along the way. The lower interest rates reduced my monthly payment and it's gonna reduce my overall payments for the mortgage. So it’s financially beneficial to me with a lower interest rate.

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    Customer ServicePunctuality & SpeedStaffRates

    Reviewed July 4, 2020

    I was in a bad situation. Mr. Cooper took me on. I refinanced and I'm good to go. My situation got really better. I appreciate what they do. It was an excellent experience with their rep. I highly recommend them. The interest rate is lower than I can get anywhere else. They're also there every time I call, so I can't ask for more than that. Everything was done quickly and professionally, and I appreciate it. I've been with several mortgage companies in my life on several properties and Mr. Cooper is awesome. I can't say anything negative about them.

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    Customer ServiceStaffBilling

    Reviewed July 3, 2020

    We started our mortgage with someone else and then we got a letter saying that our new people are Mr. Cooper. We’ve been with them for a year and they've been great. They answered any questions I had. It's really cool to make my payment on my app. I just swipe and it’s paid. Then we decided to refinance after a year and everything went smoothly. It was very easy.

    They were very good at the customer service and the communication. If I had any concerns or questions, there was no hesitation to answer them. They knew what they were talking about. Michael was the gentleman that took care of us at first and once he did his job then we had Brittney. She was very good too. So very joyful, very kind and friendly people.

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    Punctuality & SpeedRates

    Reviewed July 3, 2020

    Everything went very well with Mr. Cooper. The person that handled my refi was awesome. She handled everything, and quickly. She told me exactly what she needed from me and everything worked out smoothly. My twin sister is currently going through a refi, which she started at the same time I did and it’s been over a month. I've closed already and she's still processing her stuff. To me, it had to do with the lady that handled my case. I got lucky and she did a really phenomenal job. I got a good rate too. I was very happy with my experience.

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    Staff

    Reviewed July 2, 2020

    Everything went great with Mr. Cooper. I like that I didn't really have to provide documents. Plus the way they did, it was like I really didn’t have to do too much. Doing it electronically, it was amazing and so simple. I've been putting refinancing off for a long time and I was not just sure. I had a bad experience when I first bought my home, dealing with real estate people. Then I felt it was that time, so once I got into it they were very professional, upfront and I really appreciate that.

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    Punctuality & SpeedStaff

    Reviewed June 30, 2020

    They were helpful through the entire process. Not any problems. They kept me informed through the process letting us know if we need to do anything or if we need to furnish anything. We closed early and saved us some time and money. Thanks for the great help.

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    Sales & MarketingFollow-Through

    Reviewed June 30, 2020

    Our house refinance process went very smooth. Everything was as advertised from the beginning. When we needed to speak with someone we could actually reach the person we were working with the entire time. It was very easy. Our account manager was a pleasure to work with as well.

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    Customer ServiceStaff

    Reviewed June 29, 2020

    Excellent - it could not have been better. All communications and follow up were great. Mr. Cooper personnel are exceptional! - Thanks.... I would and will recommend Mr. Cooper to my friends and family for their financing needs....

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    StaffBillingLoan ProcessRates

    Reviewed June 29, 2020

    The refinance process with Mr. Cooper was simple, easy and stress free! The Loan Officer that I spoke with was knowledgeable and assisted me all the way through the process. My rate was lowered and my monthly payment, I could not be happier!

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    Staff

    Reviewed June 29, 2020

    I was very pleased with the ease in which my refi was done. The agents were a pleasure to work with. My only complaint is the survey Mr Cooper sends out. It's ridiculously long and time consuming. If they shortened the survey, I'm sure they would have more positive reviews. Thank you.

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    Reviewed June 27, 2020

    The only issue we had was at closing with Inspire closing company. They messed up on several documents. That held up the disbursement of funds for a week. We noticed the discrepancy at closing and told the closer at the time.

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    Punctuality & SpeedStaffLoan Process

    Reviewed June 27, 2020

    We first got our mortgage through Bank of America, and then they sold our mortgage to Mr. Cooper. Then we just decided to refinance with the same company so they could streamline the refinancing process. Everything went well. I didn't have to pull up so many documents and it was all handled online. Then the notary came to our door. It was a quick two-week process and then the loan was closed. The rep that I worked with was good too. He was timely, organized and didn’t drop the ball on anything.

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    Customer ServiceStaffRates

    Reviewed June 26, 2020

    Mr. Cooper contacted me to inform me a lower rate was available. They completed the refi in a timely manner and saved me money. The guidance and customer service I received along the way was second to none. Five stars!

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    Staff

    Reviewed June 26, 2020

    My experience with Mr. Cooper went very well. There were no hiccups, they answered all my questions and I didn't have any problems at all. The rep was good to work with too. However, I like to have a document with everybody's signature on it, my own copy. But I don't have that.

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    Customer ServiceLoan ProcessRatesFollow-Through

    Reviewed June 25, 2020

    Home loan refinance. I was very happy with Catherine who assisted me with completing the initial paperwork to apply for the loan. However, once that paperwork was completed, Catherine was no longer available to address concerns referring me to Eugene. Eugene (a loan processor) made a number of errors in submitting paperwork I provide, his following through was generally poor, he was disorganized and had to be reminded of details associated with my loan. I believe if I had not been very persistent, my loan process would have taken even longer than it did. To be fair, I am unsure if the lower rates resulted in a slew of loan requests which overwhelmed your institution, together with the environment created in COVID-19 exasperating the situation, or if the challenges I faced were the result of poor customer service. However, this was not the worst experience I have had.

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    Customer ServicePunctuality & SpeedLoan ProcessRates

    Reviewed June 25, 2020

    I was with Chase Bank, and my loan was transferred to Mr. Cooper back in December. Then from this spring, I was just hearing about lower interest rates so, I decided to look into the current lender. I had been with Mr. Cooper for three months. I went ahead and looked into it, and they had great rates. I gave them a call, so I refinanced. I had no difficulty at all. It was so fast. It happened before my eyes. They were very seamless. I couldn't even believe how easy it was.

    They were on top of it constantly. From the moment that I contacted somebody, and that one person contacted me, then the mortgage originator. They were always in contact with me. If I ever had any questions, I would just do it through email. It was just faster that way, and then I worked during the work day from home. They were always quick on their responses.

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    Customer ServiceTechPunctuality & SpeedStaffBillingRatesTransparency

    Reviewed June 24, 2020

    The first call that I had answered just randomly, the guy got everything done on the phone with me pretty quickly. He asked a couple of simple questions and he was able to give us a general amount for the new interest rate and for our new monthly payment. And then, he sent us an email to DocuSign everything while we were on the phone with him, which was done. All that was fine. But afterwards, it was a little vague because we got the DocuSign, and then the Mr. Cooper portal updated with a closing date and other stuff, but I never got a phone call that said when it would close.

    The weird things about the process were the closing appointment was not discussed and that we weren't specifically told we needed an amount for the cashier's check. I got a phone call from the mobile notary that Mr. Cooper had contracted and the mobile notary went over the whole closing process more with me than Mr. Cooper did, which I thought was a little weird, and so did the rep. Also, the mobile notary called and said, "I'll be here at this time. Make sure you have a check." At that point, I had to ask him what was going on. And he said, "Well, I've been assigned to do this for you guys from Mr. Cooper. No one's called you guys yet?" And I said, "No" so he explained what he would come here to do.

    Mr. Cooper should improve the monitoring of their email because it seems like it's not within the turnaround time that they advise on the email or their voicemail. If you go into the portal, you just click the name of the person that was assigned to you and it gives you a name and an email. I emailed him multiple times asking for a callback just to confirm that what the notary told me was correct but we didn't get a call back until my husband called his supervisor, because the voicemail said to call a certain person if we haven't heard back within 24 hours.

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    StaffBillingLoan ProcessRates

    Reviewed June 14, 2020

    We already had a home loan with Mr. Cooper and decided this was the right time to refinance to lower our interest rate and monthly payment. The process was very smooth and every person we corresponded with was very professional and was able to answer all our questions and help guide us through the documents needed and how to transfer the info via the computer. Very patient!! We appreciate all their help and we would definitely recommend Mr. Cooper to others. Thanks.

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    Customer Service

    Reviewed June 14, 2020

    Refinance. Everything was great, everything went smooth, no issues. Closed faster than expected. Uploading the forms was easier than trying to get them to someone. Every process had someone call and check up on me and how smooth the process was going. I liked that.

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    Punctuality & SpeedStaffLoan ProcessRates

    Reviewed June 13, 2020

    I have been a Mr. Cooper customer for two years now. Service has always been good and quick. For this loan, Mr. Cooper reached out to me stating interest rates were lower and if I wanted to refinance. I have never had that occur before. Everyone I have dealt with has been friendly, helpful, and courteous. I would recommend Mr. Cooper to everyone.

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    Customer ServicePunctuality & SpeedStaffRates

    Reviewed June 13, 2020

    We wanted to refinance because the interest rate was several points lower than what we had, but we didn't want to go through a huge hassle to refinance. The customer service representatives we worked with made it clear and straightforward. They divided up tasks, so we never felt overwhelmed with things to do. The representatives were patient and helpful throughout the process and quick to reply to my emails when I had questions.

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    Customer ServiceStaff

    Reviewed June 13, 2020

    I was treated so well by all the representatives at Mr. Cooper. They had my home mortgage already but I did a re-finance and it was clear, smooth and very easy to follow as it proceeded through the process. I liked being able to check on the progress online as well as having a direct phone number and email to call for each person who assisting me during the application and closing.

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    StaffBilling

    Reviewed June 11, 2020

    We had refinanced with Countrywide at one time, then Nationstar took over, and Mr. Cooper went from there. We decided to refinance because we wanted to put the payment down and the process with Mr. Cooper was very simple. It didn't take three weeks to complete and everything went smoothly. They also gave us good guidance and refinancing with them allowed us to save a couple hundred dollars a month.

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    Customer ServiceOnline & AppStaffBillingLoan ProcessRatesFollow-Through

    Reviewed June 10, 2020

    Mr. Cooper bought our mortgage about on our third month of having the house. It seemed to work out well. The system was easy to go online and make the payments and everything went through in a timely manner. Everything was crystal clear when I looked for any information on the website. I got a call recently to do a streamline refi. The rep was very friendly, very informative and helpful. If we had any questions, he knew the answer almost right off the top of his head. When he said he would give us a call tomorrow, he followed through and he did what he said he was gonna do. He contacted me after it went through and told me that this was the ideal scenario for refinancing our loan. It was finalized in 11 days. I was very happy with it. We dropped our interest rate by 1.5% and dropped our payment by about $250 a month.

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    Customer ServicePriceStaffBillingRates

    Reviewed June 10, 2020

    I wanted to stick with Mr. Cooper when I refinanced because of the ease of doing business and because their price is right. I didn't know what the process was for refinancing, what went to it, how it went and what documents and things that were needed but the two people that I worked with were very helpful. They were very easy to talk to, easy to understand, and easy to ask questions to. They didn't make me feel dumb when I asked questions about certain things and they were very good about answering my questions and helping me. Both of them told me that they were dealing with COVID and trying to make the process as smooth as possible with the situation and not having to have me come in to sign any documents in person. They were on top of everything. Mr. Cooper is easy to contact when I have questions about my mortgage payment or things like that. They've also been open in communication with me.

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    Customer ServiceCoveragePunctuality & SpeedMaintenanceStaffBillingRates

    Reviewed June 9, 2020

    Everybody that I spoke with was very courteous. They were very diligent and they did fast follow-up. The process itself didn’t take long at all. I closed it seemed like within a couple of weeks. So it was pretty quick. The guy that I was speaking with during the underwriting process told me everything I would need and I submitted everything early that day. I had a decision within a couple of days. It was a matter of me setting up the appraisal but it was a pretty smooth transition.

    The guidance was mainly going over with me what the rates were and about the buydown. The young lady that I spoke with initially was pretty good with explaining to me what I could get or what I could buydown to get lower rate. She was very diligent in that manner. I know a little bit about mortgages and I was in real estate for a few years. But anything that I did not understand, I’d ask her to explain it to me and break it down, which she did. We sat down and I wrote down all the numbers and I asked her to repeat to me what the numbers were. She took her time and broke everything down. It was clear enough for me to understand.

    The main benefit with refinancing is not having the mortgage due for that first month, especially with what’s going on right now. When you refinance, they give you at least the first month. You don’t have to pay the first payment. So that’s been helpful. But also, knowing that my mortgage now is gonna be lower. I commented to the person I spoke with from the underwriting and the initial person that took my information, that this was the fastest process. I’ve refinanced before and this time was seamless. It was so quick and easy. It was the best experience I had thus far with doing a refinance.

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    PricePunctuality & SpeedStaff

    Reviewed June 8, 2020

    I was shopping around and I Googled about refinancing. I was getting quotes, so I figured I'd also reach out to my current servicer, Mr. Cooper, then I was able to connect with a representative fairly quickly. He was very knowledgeable and made it pretty seamless for me. I had already done a lot of my homework online and I went through different options with him. He gave me the pros and cons of each option that I was considering and he was very patient as I kept asking more and more detailed questions. Then we narrowed it down to what works best for me and refinancing with them got me savings.

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    Loan ProcessRates

    Reviewed June 8, 2020

    After we purchased the house, the loan got bought and we ended up with Mr. Cooper and we refinanced because the rates were better. They made it easy to refinance with them. Everything was great. They were very communal. Everything happened the way they said it was gonna happen. There were no surprises.

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    Punctuality & SpeedRates

    Reviewed June 7, 2020

    Our mortgage was sold to Mr. Cooper and we went with them to refinance. We got a better interest rate from them and the process was easy. From start to finish, it took three weeks and was really quick.

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    Customer ServicePriceRefunds & PayoutsStaffBillingRates

    Reviewed June 7, 2020

    Mr. Cooper was fantastic. I got a letter saying that my escrow amount was going up so I called them and asked why because I was paying extra. The guy said, “You know, our rate is cheaper now than it was when you refinanced before.” I asked how much cheaper and asked if I have to pay the appraisal thing and he said, “No. Your appraisal is still up-to-date. You can go ahead and refinance.” So I refinanced.

    They do that little pie chart thing and it tells you how much you’re paying for the interest and the principal. And then it tells you how much you’re paying for the escrow account. The way they refinanced me, I was paying more to the principal and less to my interest. So, I was like, “Wow. The way they refinanced me, now I’m paying more in.” So it was a better idea all the way around. I pay 400 more to my principal so that I could pay it down. It made me happy. And after I refinanced I have that one month free. My one month free was the total amount of what my debt was. So I refinanced, wiped out all my debt and I’m debt-free, except for the mortgage. I was happy because then my mortgage payment dropped down like $200.

    When I paid off the mortgage, I was looking at it. Like this month is gone and I had $2,100 left. And I have rental property so in my fun account I have $5,000 and I had $2,100 left in my operating account. Then I got to thinking about it. Girl, I’m gonna tell you, I was just spending whatever I wanted. I was just being wasteful because how can anybody have that much money left off at the end of the month? So, once I paid the debts for next month, just imagine, next month, the only bill I got is just the mortgage payment. I’m just gonna stay out the stores.

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    Customer ServiceCoveragePunctuality & SpeedStaffBillingRates

    Reviewed June 6, 2020

    Mr. Cooper gave me good choices. The underwriting process took two weeks. I'm still waiting on some situation about the details about the escrow payments for the insurance, but everything was smooth. And the people working there were very nice. Every time I called, they called me back and gave me the information I needed. They explained the process very well. Since refinancing I have a better rate. It is always good to pay less especially in these times, and you should take advantage of the better rate. And also, my credit helps a lot with this one. I will recommend Mr. Cooper.

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    Mr. Cooper Company Information

    Company Name:
    Mr. Cooper
    Company Type:
    Public
    Address:
    8950 Cypress Waters Blvd
    City:
    Dallas
    State/Province:
    TX
    Postal Code:
    75019
    Country:
    United States
    Website:
    www.mrcooper.com