More than 300 employees working for mortgage servicer Seterus in Durham, North Carolina, will be out of a job come March. The news, revealed by a local CBS affiliate, comes just days after Mr. Cooper ...

Mr. Cooper Group (the company formerly known as Nationstar) revealed this week that it completed its acquisition of IBM’s Seterus mortgage servicing platform in a deal that will add 300,000 new ...

Mr. Cooper, formerly Nationstar, stated that it would fund the acquisition with financing on the mortgage servicing rights and cash. The Seterus portfolio consists of $24 billion in ...

Loan servicer Seterus, Inc., is closing its Salem call center, giving an estimated 200 employees the option of moving to the company's Beaverton operation if they want to continue working for Seterus.

IBM sold its Seterus mortgage-services business to Mr. Cooper Group, the companies announced Friday. The terms of the deal weren't disclosed, though IBM said Seterus brought in $200 million in annual ...

On December 18, 2020, the CFPB announced a consent order with Seterus, Inc. (Seterus), and its successor-in-interest, Kyanite Services, Inc. (Kyanite), based on findings of mortgage servicing ...

IBM will lay off more than 300 people in Research Triangle Park, according to a notice sent to the state’s Commerce Department. The jobs, which were part of an IBM subsidiary called Seterus, will be ...

IBM said Friday that it has laid off an unspecified number of employees this week at the Beaverton office of its Seterus loan servicing subsidiary. The company is "rebalancing skills and keeping our ...

IBM's mortgage servicing business Seterus has been hit with a proposed class action in Florida accusing it of trying to intimidate homeowners into paying delinquent amounts by making false ultimatums ...