Coppell-based Mr. Cooper Group Inc. announced that Xome CEO Mike Rawls plans to retire effective June 30, and that Chris Marshall, former vice chairman and president at Mr. Cooper, will join Lewisville-based Xome to lead its operations.
The company said that Rawls and Marshall will work together over the coming months to ensure a smooth transition.
“Since taking on the role of CEO in 2020, Mike has skillfully led Xome to become the powerhouse real estate marketplace it is today, with tremendous opportunity for growth as we move into 2025. We are sincerely grateful for Mike’s thoughtful leadership and innovative spirit over his 25 years with the Mr. Cooper Group team, and we wish him all the best,” Jay Bray, chairman and CEO of Mr. Cooper Group, said in a statement.
The largest home loan servicer in the country, Mr. Cooper focuses on delivering a variety of servicing and lending products, services, and technologies.
Positioning the company ‘for continued success’
Marshall brings with him decades of experience in financial services, mortgage operations and technology, most recently serving as vice chairman and president of Mr. Cooper. He will work closely with Xome’s leadership team to prioritize market share growth and accelerate new revenue opportunities, the company said.
“With Mike’s upcoming retirement, we are pleased to have Chris Marshall step in to lead Xome as we position the company for continued success. Chris is an industry expert when it comes to driving revenue growth and building partnerships. In his time at Mr. Cooper, our team realized exponential growth and greater financial strength, and I am confident that Xome will unlock new avenues for growth and bolster its market position under Chris’ leadership,” Bray said.
“The Xome team has built an innovative, state-of-the-art real estate platform and fostered strong relationships with leading industry players, and I am looking forward to helping the team sustain this momentum as Xome continues to elevate its market position,” Marshall said.
In addition to his new role with Xome, Marshall will continue in his role as chairman for Sagent, the company said.
Mr. Cooper Group said it provides customer-centric servicing, origination and transaction-based services principally related to single-family homes throughout the United States with operations under its primary brands: Mr. Cooper, Xome, and Rushmore Servicing.
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