Entering text into the input field will update the search result below

Nationstar's (NSM) CEO Jay Bray on Q4 2017 Results - Earnings Call Transcript

Mar. 01, 2018 12:21 PM ETNationstar Mortgage Holdings (NSM)
SA Transcripts profile picture
SA Transcripts

Nationstar Mortgage Holdings Inc. (NYSE:NSM) Q4 2017 Earnings Conference Call March 1, 2018 9:00 AM ET


Megan Portacci - IR

Amar Patel - EVP and CFO

Jay Bray - President and CEO


Josh Bolton - Credit Suisse

Bose George - KBW

Henry Coffey - Wedbush Securities


Good day, ladies and gentlemen, and welcome to the Nationstar Mortgage Holdings Incorporated Q4 2017 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions]

I would now like to introduce your host for this conference call, Ms. Megan Portacci. You may begin, ma'am.

Megan Portacci

Good morning everyone, and thank you for joining our fourth quarter and full-year 2017 earnings call. Before we get started, I would like to remind you that our quarterly press release and presentation are available in the Investor Information section of www.nationstarholdings.com. Also please take a few moments to read the disclaimers on the first two slides of the presentation.

I will now turn the call over to our Chairman and CEO, Jay Bray.

Jay Bray

Thank you, Megan, and thank you all for joining us today. 2017 was a very strong year for Nationstar. We welcomed over one million new Servicing customers, launched new origination channels, and expanded our third-party client base Xome. We are also extremely excited about the recently announced merger with WMIH.

Just to recap, the deal provides liquidity to shareholders electing cash, while maintaining upside for those shareholders electing stock. The cash selection provides near-term cash liquidity at $18 per share. Shareholders who elect stock benefit from an increase in ownership of 14%, and accretion to cash EPS of approximately 20% through the use of the net operating loss carried forward of WMIH.

Recommended For You


To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.