Mr.
Cooper
Group
named
former


Wells
Fargo
Home
Lending
executive
Ranjit
Bhattacharjee
and
former

Piper
Sandler
analyst
Kevin
Barker
to
its
leadership
team
on
Tuesday.

Bhattacharjee
will
officially
join
Mr.
Cooper
on
May
6
as
its
executive
vice
president
and
chief
investment
officer.
He
will
be
responsible
for
oversight
of
capital
markets
and

correspondent
lending,
reporting
directly
to
chairman
and
CEO
Jay
Bray.
Barker’s
hiring
for
the
role
of
senior
vice
president
of
corporate
finance
is
effective
immediately.

“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,”
Bray
said
in
a
statement.
“We
are
excited
to
welcome
these
two
new
leaders
to
our
team
as
we
continue
to
grow
and
scale
our
business.”

Bhattacharjee
has
20-plus
years
of
experience
in
mortgage
and
capital
markets.
He
most
recently
served
as
executive
vice
president
and
head
of
capital
markets
and
correspondent
lending
at
Wells
Fargo
Home
Lending.
He
also
previously
worked
in
senior
leadership
roles
at


Citi
Mortgage
and


Caliber
Home
Loans.

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

Barker,
meanwhile,
joins
Mr.
Cooper
with
nearly
two
decades
of
experience
covering
mortgage
and
consumer
finance.
He
was
previously
with
multinational
financial
services
company
Piper
Sandler
as
its
managing
director
and
senior
equity
research
analyst.
Barker
led
a
team
of
analysts
in
the
mortgage
origination
and
servicing
sectors,
among
other
tasks.

“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,”
Barker
said
in
a
statement.

The
executive
leadership
additions
were
announced
a
day
ahead
of
Mr.
Cooper’s
first-quarter
2024
earnings
report.
The
company,
which
is
one
of
the
nation’s
largest
home
loan
servicers,
earned
a

profit
of
$500
million
in
2023.
It
also
acquired

Home
Point
Capital
and

Roosevelt
Management
Co.
while
managing
the
fallout
from
a
cyberattack
late
last
year.

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