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How would you rate Mr. Cooper?
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New Jersey
1 review
1 helpful vote
Follow Laura M.
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"MR. Cooper" bought out my loan from another company. I told them I was moving prior to them assuming my loan, they still cant give me a payoff after 4 days-they originally said I could get it Aug 1st, then the 5th, now the 6th, With today's technology, they should be able to have this on day one.

Date of experience: August 4, 2022
New Jersey
1 review
16 helpful votes
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Dishonor Veteran
December 26, 2020

My husband was granted a tax free certificate from our county. When we reached out to Mr. Cooper the sales associate assured us it will be taken care of. After several attempts they did not honor my husband's certificate. We took matter into our own hands and now Mr Cooper put us into a collection agency. He is legally entitled have the taxes taken off the mortgage but but you deny him of this right. Shame on you.

Date of experience: December 26, 2020
Florida
1 review
57 helpful votes
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This company does not care about anything except getting paid. I had an ongoing issues with them and they kept giving me the run around for 4 Months. I asked every question that I could to resolve the issue and I continued to receive the same letter 3 different ways. From one department to the next. I received bad information every time I called. I would not suggest if you are human to use this company. It only works for faceless, heartless, persons or Robots.

Date of experience: February 26, 2020
Massachusetts
1 review
12 helpful votes
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Consumer Fraud
July 30, 2020

Had property damage at my home submitted all of the endorsed Checks and paperwork required and going over 2 months and still haven't received my first draft. Calling customer service and being told it's with corporate waiting for action for two months. When I call over and over again to try to speak to a supervisor I am spun and they out right refuse to give contact information for any one in corporate to log a complaint. I will never use this company again and will tell everyone I know what a nightmare my experience has been. I feel like I'm the victim of consumer fraud!

Date of experience: July 30, 2020
Utah
1 review
40 helpful votes
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Horrible communication
January 16, 2020

They paid a non-resident property tax on my home even though this is my PRIMARY house which they knew. Now My mortgage payment went Way up because my escrow is in the negative. No communication with the customers. This could of been easily resolved if they just would of contacted me to begin with! Horrible customer service and policy's. Not recommend at all!

Date of experience: January 16, 2020
Arizona
1 review
4 helpful votes
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After a week finally received a call back from Victor and he wanted to know what the problems were. I told him I wanted closing costs fees and the interest rate to be lower that day! He proceeded to get agitated on phone and arguing over things. So I told him just pull our loan application. We would take our business else where. He said well you will be sorry for this. Terrible customer service, would not refinance with these people, very rude! We found better service elsewhere and better service and interest rate! Happy Now! AZ

Date of experience: June 1, 2021
Missouri
1 review
12 helpful votes
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A Nightmare
June 8, 2022

This place is a nightmare come true. Customer service (more specifically, lack thereof) is a joke. Getting a human (as opposed to a bot or automated prompts) is next to impossible unless you want to spend several hours of your life on hold. When you do get a person, good luck getting any info. Two people will tell two different things. You'll get more satisfaction watching paint dry than you will from this (expletives deleted) second rate mortgage company.

Date of experience: June 8, 2022
Michigan
1 review
7 helpful votes
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My first experience with this company 3 years ago was a nightmare. No one would get back with you hard to close underwriting was a chore to deal with. So I was very apprehensive of doing this again. But they put out an advertisement saying quick and easy and it's nothing but a lie. In the process of looking at another lending institution quicken loans loan Depot somebody's got to be much better to deal with.

Date of experience: December 4, 2021
Ohio
1 review
8 helpful votes
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When Mr. Cooper... what a lame name!... got me insurance for the house, they put the value at over 3 times what I owed, and way over TWO times what it is worth. The lady for that division, in Georgia, could not explain why they would do that, and it took me several calls just to finally get her. Of course now I have to fight my way through American Security Insurance to get their story. Multiple calls there too... just so far! We should have a class action suit against all of them.

Date of experience: October 3, 2019
Texas
1 review
4 helpful votes
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Refinance
September 22, 2020

This is absolutely the most unprofessional company. They call, email ect. Wanting to refinance your home
That they already have the note on. They will not return calls. They will access your credit without a completed loan app. Then see you have a almost 800 credit score and tell you They can't count one income due to the fact that person is self employed. This is pure and simply Discrimination at its finest. And this was not even a have to refinance. My opinion is to find a reputable and Decent company that values your business. We talk about keeping the small businesses up and going in America
But I guess Mr. Cooper and his company does not agree with this.

Date of experience: September 22, 2020
California
1 review
6 helpful votes
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Not Impressed So Far
August 15, 2023

My mortgage was sold to Mr. Cooper a few months ago. Trying to talk to a live person is non existent. How can a company operate with just an automated system? My homeowners insurance expired recently. Mr. Cooper said they sent a letter notifying me that it was happening. Guess what. No letter was ever received. I called the "Customer Service" number and was told "he" (meaning the virtual voice) could only respond to simple inquiries. Finally and I have no idea how it happened but I got to an option that involved insurance. A link was sent so I could send photos of my insurance declaration where it will be reviewed. Would I ever consider Mr. Cooper to finance another mortgage? No. Never. WHAT A JOKE!

Date of experience: August 15, 2023
Maryland
1 review
43 helpful votes
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SCAM
September 9, 2020

This company is a complete scam. They got caught steeling money in the past. They are still the same company, doing business as "Mr. Cooper". Please investigate before trusting a company with, what is most of ours largest investment. Our fight has just begun, because we will get the money they have stolen. Be WARNED, you will be the next victim. The lawsuits and reviews are all out there. Unfortunately, we have no say who our loans get sold to. But, new buyers and those looking to refinance you do have a choice.

Date of experience: September 9, 2020
Louisiana
1 review
17 helpful votes
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Fees for payoff!
December 7, 2020

When you sell your home, you are charged a fee each time the title company or lender requests the payoff. Depending on how long your buyers loan takes to be approved, you could end up paying several hundred dollars. The lender and title company stated that they have never dealt with a mortgage company like this! It literally makes me sick!

Date of experience: December 7, 2020
Virginia
1 review
19 helpful votes
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My mortgage was bought by Mr. Cooper a year ago. They did not handle the escrow account correctly and the city charged $500 plus in late fees, penalty and interest. Mr. Cooper refuses to pay for these. In addition they erroneous calculated my reassessment with double the tax rate resulting in an increase of $560 a month. This took months to correct and many phone calls and emails. I've owned a home for over 30 years, these are the worst people to deal with.

Date of experience: December 3, 2021
New York
1 review
32 helpful votes
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Very Frustrating
January 30, 2020

They bought my mortgage from another company and it's been nothing but issues since. I tried to set up their bi-weekly program for months and they could not get it sorted. I finally found the executives emails and contacted them directly and that was the only way I had resolution. The "customer care" woman told me to not contact the executives again. Totally disorganized and really shady at times.

Date of experience: January 30, 2020
Florida
1 review
68 helpful votes
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Money hungry.
April 7, 2020

Since Corona has hit, most of us have fallen on a bit of hard times. I applied for the forbearance plan. Got approved but it's a utter SCAM and design to hurt you. They are making you pay in FULL the moment its done after 3 months, instead of adding it on to the end of your cycle like other companies. Well if I'm out of work cause of this how can i pay in full after? This company doesn't care and they make it very clear

Date of experience: April 7, 2020
Texas
1 review
10 helpful votes
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So Disgusting
July 28, 2022

I just had the most crazy "Fight" with this little boy Nathan who worked as a Mr. Cooper representative. When I stated this whole thing was "Ugly" he asked if I had "looked in a mirror lately"... Then told me he could talk to anyone anyway he wanted to. I asked for his supervisor, he refused.
What a gross company. The only reason they have business is they buy loans, and force people to deal with this trash. I would NEVER recommend using this company if you have any say in the matter.

Date of experience: July 28, 2022
Washington
1 review
6 helpful votes
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They deposited all of my principal payment into escrow account causing a past due of one month for the principal. Called 3 times and every time it is not corrected by the date they promise. Very frustrating and un- professional. If you have a choice, Do not use this company.

Date of experience: August 30, 2022
Kansas
1 review
6 helpful votes
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Terrible Service!
March 5, 2021

My mortgage sold to Mr. Cooper in April 2017 and just learned 30 days ago that my mortgage payment has not been turned into any of the credit reporting agencies this entire time! Never missed a payment. Was told it would be resolved and it hasn't been. Now I call back in today and the, "escalation department", says it will be turned in at the end of March! Great service, not! Asked for a written verification of mortgage 30 days ago to make sure they are going to report it correctly and got nothing! Stay away or refinance away from them, total joke.

Date of experience: March 5, 2021
Michigan
1 review
6 helpful votes
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For the past several years I have been making extra payments toward principal every month, anywhere from $300 to $600 in order to pay off loan since we will retire soon. Last month I paid an additional $900 toward the principal and for the SECOND time, it was applied to the escrow account instead, even though we don't owe anything in escrow. We have had 2 other homes/mortgage companies in the past and never had to deal with this level of incompetence. I can't wait to pay Mr. Cooper off and get them out of my life.

Date of experience: August 10, 2022

Overview

Mr. Cooper has a rating of 1.3 stars from 440 reviews, indicating that most customers are generally dissatisfied with their purchases. Mr. Cooper ranks 236th among Mortgages sites.

service
173
value
156
shipping
15
returns
15
quality
153
+17