Fusion Research
Research analyst, oil & gas, tech, mid-cap

Nationstar Mortgage: Plenty Of Room To Grow

Nationstar Mortgage Holdings (NYSE:NSM) is a ''high touch'' mortgage servicer and one of the largest non-bank residential loan servicers in the U.S with a pro forma servicing portfolio of around $435 billion. It offers mortgage servicing, origination and real estate services to financial institutions and customers. The company services more than 645,000 residential loans providing administrative functions. It offers the services on loans held by banks, government organizations, private investment funds and other owners of mortgage loans and securities. It generates revenue based primarily on the unpaid principal amount or unpaid principal balance, or UPB, of loans serviced.

In March 2012, Nationstar offered an IPO, where it managed to sell 16.6 million shares at $14 each raising around...

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