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Meet Mr. Cooper’s New Mobile App

Ever wished that you could have information about your home, neighborhood, and mortgage right at your fingertips? We thought you might! Mr. Cooper is proud to announce Mr. Cooper with Home Intelligence, our new mobile app that harnesses the power of artificial intelligence to enhance the experience of homeownership with tools that can help homeowners (like you) optimize their finances. It will be available for Mr. Cooper customers this summer and is the newest part of our mission to reimagine the dream of homeownership, as well as part of our plan to transform the home loan industry altogether. You’ll be able to use it to visualize your home finances, get directly in touch with a Mr. Cooper mortgage professional, and much more — the possibilities are very exciting!

What is the Mr. Cooper with Home Intelligence mobile app, and how can it help you get back on track?

 

What can you do with the Mr. Cooper with Home Intelligence mobile app? Well, you will have valuable insight into your largest asset – your home. But the best part is, it doesn’t just help you manage your mortgage but your broader financial well-being. You can:

  • Determine your home’s estimated worth, see neighborhood trends, and view the current state of your estimated equity.
  • Get personalized ideas for debt consolidation, such as a cash-out refinance, personal loan, or second mortgage – and see the pros and cons of each option.*
  • Learn about ways to save money and manage debt without in-depth research.
  • See how paying extra toward your home loan each month can help speed up your ultimate goal of home ownership.
  • Access Mr. Cooper mortgage professionals, who can answer questions or help you get started with a service.

Wanna see how it works?

Why the Mr. Cooper with Home Intelligence app is so powerful:

The Mr. Cooper with Home Intelligence mobile solution helps homeowners like you optimize their debt and reduce monthly debt payments. Consumer debt is at an all-time high — almost $4 trillion —but the housing market is healthy and more consumers than ever have equity in their homes. Here’s what our CEO, Jay Bray, had to say:

“U.S. consumer debt continues to climb to new heights, and financial pressures are weighing heavy on millions of Americans. Mr. Cooper is excited to offer an industry-first digital solution that puts the home, rather than the loan, at the center and helps homeowners better understand how to use their home as an asset to strengthen their personal balance sheets. The new Mr. Cooper with Home Intelligence app is more than just a new mobile experience; it is a game changer for homeowners looking to get out of high-cost debt. In just a few minutes, the app may be able to show homeowners possible solutions to help them achieve their financial goals – from optimizing their debt, to realizing monthly savings opportunities, to paying off their home sooner.”

How the Mr. Cooper with Home Intelligence app can help struggling Americans:

Our recent survey of 1,000 homeowners confirmed that the burden of credit card debt is putting a strain on many American households:

  • A third of respondents reported having a restless night due to debt, while 45% said they were at least somewhat concerned about debt.
  • What’s more, many homeowners are struggling to keep up with monthly payments as they continue to acquire debt thanks to interest.

But, there is hope! 44% of respondents have more than $100,000 in home equity, and many homeowners have the ability to use that equity to optimize debt — including higher-interest credit card debt. The Mr. Cooper with Home Intelligence app can help identify payment reduction opportunities to enable customers improve their monthly cash flow or otherwise help them manage their debts.

Mr. Cooper with Home Intelligence will be available to all Mr. Cooper customers starting this summer, with plans to launch beyond our customer base in the near future. To learn more about the Mr. Cooper with Home Intelligence mobile app, visit mrcooper.com/homeintelligence and sign up for our email newsletter to stay in the know.

Keep an eye out for the Mr. Cooper with Home Intelligence app and read more about it on Forbes.

 

** A debt consolidation refinance increases your mortgage debt, reduces equity, and extends the term on shorter-term debt and secures such debt with your home. The relative benefits you receive from debt consolidation will vary depending on your individual circumstances. You should consider that a debt consolidation loan may increase the total number of monthly payments and the total amount paid over the term of the loan. To enjoy the benefits of a debt consolidation loan, you should not carry new credit card or other high interest rate debt.