Market Overview

Nationstar Hires Former WeWork Executive to Lead Product and Digital Transformation


Nationstar Mortgage Holdings Inc. (NYSE:NSM) ("Nationstar"), the parent
company for the Mr. Cooper® brand, today announced that Francis Lobo has
joined the company as Executive Vice President, Chief Business & Product
Officer and President of Cooper Labs. Lobo will oversee the
organization's digital strategy and product development.

"Our team is committed to developing and offering new products and
solutions that are more focused on the customer than ever before.
Francis brings a wealth of experience to our team, and I am excited to
have him on board to lead our product and digital transformation just as
he has done at other innovative companies," said Jay Bray, Chairman and
CEO of Nationstar. "Our goal is to redefine the homeownership journey by
creating a technology-led experience that puts customers first and
provides them a better understanding of their home as an asset for their
overall financial well-being."

In this new role, Lobo will also be responsible for the execution of the
organization's vision to introduce a digitally-driven customer focused
experience, including the launch of new products such as the recently
announced Mr.
Cooper with Home Intelligence
mobile app. Mr. Cooper with Home
Intelligence provides homeowners with solutions to help them achieve
their financial goals – from optimizing their debt, to realizing monthly
savings opportunities and paying off their home sooner. New products,
like the Mr. Cooper with Home Intelligence app, developed out of Lobo's
team will be designed to not only positively impact the homeownership
experience but also to drive value for the business by increasing
customer recapture and new customer acquisitions.

"This is an exciting time to join the Nationstar and Mr. Cooper team,
and I'm thrilled to take on this role and play my part in moving the
company forward with its customer-centric approach," said Lobo. "We have
a real opportunity to bring positive change to the industry and bring
meaningful value to everyone who owns or wants to own a home. I look
forward to leading the company's development of innovative,
industry-first technologies and offering beneficial tools to our
customers and homeowners across the U.S."

Prior to joining the company, Lobo was the Chief Revenue Officer for
WeWork where he managed revenue, sales, performance marketing and data
for the organization. Before taking on the Chief Revenue Officer role,
he managed digital, technology and services for WeWork. Prior to that,
Lobo was the CEO of United Online Inc., a leading provider of
consumer-internet products and services, including brands like NetZero,
Juno, Classmates and MyPoints. His experience also includes nearly a
decade at AOL where he held a number of different executive roles
including President of AOL Services.

About Nationstar Mortgage Holdings Inc.

Based in Dallas, Texas, Nationstar provides quality servicing,
origination and transaction based services related principally to
single-family residences throughout the United States. With experience
spanning more than 20 years, Nationstar is one of the largest servicers
in the country. Additional corporate information is available in the
Investor Information section of

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