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Nationstar Mortgage Holdings' (NSM) CEO Jay Bray on Q1 2018 Results - Earnings Call Transcript

May 03, 2018 1:03 PM ETNationstar Mortgage Holdings (NSM)
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Nationstar Mortgage Holdings (NYSE:NSM) Q1 2018 Results Earnings Conference Call May 3, 2018 9:00 AM ET


Amar Patel - EVP and CFO

Jay Bray - Chairman and CEO


Doug Harter - Credit Suisse

Bose George - KBW

Kevin Barker - Piper Jaffray


Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Nationstar Mortgage Holdings First Quarter 2018 Earnings Call. [Operator Instructions] And as a reminder, this conference is being recorded.

It is now my pleasure to turn the call to Mr. Amar Patel.

Amar Patel

Good morning everyone, and thank you for joining our first quarter 2018 earnings call. Before we get started, I would like to remind you that our quarterly press release and earnings supplement are available from the Shareholder Relations section of our website www.nationstarholdings.com.

In addition, we will make forward-looking statements during today's call that are subject to risk and uncertainties. Factors that may cause actual results to differ materially from expectations are detailed in our SEC filings; including the Form 8-K filed today containing our earnings release and quarterly supplement. Information about any non-GAAP financial measures referenced, including a reconciliation of those measures to GAAP measures can also be found in the earnings release and in the quarterly supplement available on the website.

I'd now like to turn the call over to Nationstar's Chairman and CEO, Jay Bray.

Jay Bray

Thanks Amar, and good morning everyone. Before discussing the quarter, I wanted to provide a brief overview of the company, as well as an update on our previously announced merger with WMIH. Nationstar is one-of-a-kind company with team members and a set of assets that are almost impossible to replicate. We have been the largest non-bank servicer for the past three years running and we are currently the third largest servicer in the

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