Mike Weinbach to Become President at Mr. Cooper Group

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Dallas-based Mr. Cooper Group Inc. (NASDAQ: COOP) has named Mike Weinbach as its next president, effective Feb. 1. He will succeed Chris Marshall, who also serves as vice chairman and who plans to retire at the end of the year.

Weinbach is CEO of consumer lending for Wells Fargo and is a member of the firm’s operating committee. Previously, he served as CEO of Chase Home Lending at JP Morgan Chase.

“I am delighted to welcome Mike to Mr. Cooper Group,” said Chairman and CEO Jay Bray. “His extensive background in consumer lending and financial services as well as his people-first approach will be a great fit for our team as he helps lead the company forward on the next phase of our journey.”