Mr. Cooper Group Inc. (COOP) CEO Jay Bray on Q1 2020 Results - Earnings Call Transcript

Mr. Cooper Group Inc. (NASDAQ:COOP) Q1 2020 Earnings Conference Call April 30, 2020 9:00 AM ET

Company Participants

Ken Posner - Senior Vice President of Strategic Planning and Investor Relations
Jay Bray - Chairman and CEO
Chris Marshall - Vice Chairman and CFO

Conference Call Participants

Doug Harter - Credit Suisse
Bose George - KBW
Kevin Barker - Piper Sandler
Mark Hammond - Bank of America
Henry Coffey - Wedbush
Giuliano Bologna - BTIG

Ken Posner

Good morning and welcome to Mr. Cooper Group's First Quarter Earnings Call. My name is Ken Posner, and I'm Senior Vice President of Strategic Planning and Investor Relations. With me today is Jay Bray, Chairman and CEO; and Chris Marshall, Vice Chairman and CFO.

As a quick reminder, this call is being recorded and you can find the slides on our Investor Relations webpage at investors.mrcoopergroup.com. Additionally, during the call we may refer to non-GAAP measures, which are reconciled to GAAP results in the appendix to the slide deck.

Also, we may make forward-looking statements, which you should understand could be affected by risk factors that we've identified in our 10-K and other SEC filings. We are not undertaking any commitment to update these statements if conditions change.

I'll now turn the call over to Jay.

Jay Bray

Thanks, Ken and good morning everyone, and welcome to our call. Turning to slide six. Before we take you through the quarter, let me start by saying our thoughts are with the people and their families who've been impacted by the virus and the economic slowdown. We were also mindful of the heroic work being performed by the nation's healthcare workers.

I'd also like to give a big shout out of appreciation to all our teammates at Mr. Cooper. I'm so proud of how you've all risen to