Executive Leadership Shift at Mr. Cooper

Mr. Cooper Group Inc. has announced the appointment of two new senior leaders, as Ranjit Bhattacharjee joins the executive leadership team as EVP and Chief Investment Officer, overseeing capital markets and correspondent lending for the company and reporting to Chairman and CEO Jay Bray. Kevin Barker assumed the role of SVP of Corporate Finance on April 22, 2024, leading the company’s business finance teams and reporting to Mr. Cooper CFO Kurt Johnson.

Servicer experiences continued growth

Ranjit Bhattacharjee

With over 20 years of experience, Bhattacharjee brings a wealth of mortgage industry and capital markets expertise to his new role at Mr. Cooper. He was most recently the EVP and Head of Capital Markets and Correspondent Lending at Wells Fargo Home Lending, where his responsibilities included secondary marketing, strategic quality management, product management, revenue and pricing and correspondent lending. Prior to Wells Fargo, Bhattacharjee held senior leadership positions at Citi Mortgage and Caliber Home Loans.

“Ranjit’s deep knowledge of capital markets and correspondent lending and Kevin’s extensive understanding of the mortgage industry will undoubtedly bring new ideas and insights to Mr. Cooper,” said Bray. “We are excited to welcome these two new leaders to our team as we continue to grow and scale our business.”

Bhattacharjee added, “I have long admired Mr. Cooper’s success in the mortgage industry and the company’s impressive growth over the years. I am thrilled to be joining the executive team in May.”

Kevin Barker

Barker joins the company with nearly 20 years of financial analyst experience covering mortgage and consumer finance. He most recently served as managing director and senior equity research analyst at Piper Sandler covering the mortgage and consumer finance sectors, where he led a team focused on mortgage originators and servicers, card and auto lenders, mREITs and payments companies.

“I am truly excited about the opportunities that lie ahead for Mr. Cooper and deeply honored to join such a successful and well-respected team that I have had the privilege to follow for more than 10 years,” said Barker.

Bolstering the executive team

The additions of Bhattacharjee and Barker is the latest move by the mortgage servicer to strengthen its executive ranks. Earlier this year, Mr. Cooper appointed Mike Weinbach new company President, tapped to lead the company’s operations, including originations, servicing, and technology.

Like Bhattacharjee, Weinbach comes to Mr. Cooper from Wells Fargo, where he served as CEO of Consumer Lending, and as a member of the firm’s Operating Committee, responsible for leading more than 40,000 team members focused on home lending, auto lending, credit cards, merchant services, student lending and personal lending. Previously, he served as CEO of Chase Home Lending at JP Morgan Chase, where he also held leadership roles in consumer banking, business banking, mortgage servicing and auto finance, with oversight of sales, finance, and operations.

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Eric C. Peck

Eric C. Peck has 25-plus years’ experience covering the mortgage industry, most recently serving as Editor-in-Chief for National Mortgage Professional Magazine. He graduated from the New York Institute of Technology, where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books, and has served as Copy Editor for Entrepreneur.com.
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