Skip to main content

Mr. Cooper Group Appoints Chief Risk And Compliance Officer

Navi Persaud
Apr 08, 2021
Mr. Cooper Group Logo

Photo of Kurt Johnson.Mr. Cooper Group Inc. named Kurt Johnson, who has been with the company for five years and most recently served as the company’s chief credit officer, will now also lead risk and compliance for the organization as executive vice resident and chief risk and compliance officer.

Johnson has more than 20 years of experience in the mortgage industry and has led critical work for the company in setting risk-related policy and governance, according to a press release. Most recently, he led the charge within the company and the industry on the mortgage relief options included in the CARES Act, working with government agencies to advocate for homeowners and ensure Mr. Cooper customers had solutions during the pandemic.

In his expanded role, Johnson replaces Steve Covington, who has been with the company for nearly six years and recently served as chief risk and compliance officer, as he transitions into retirement in June.

“Kurt is one of the most credible risk and policy experts in our industry, and I am confident he will continue to build upon the relationships the team has established with regulators and government officials in his expanded role,” said Jay Bray, chairman and CEO of Mr. Cooper Group. “I would like to thank Steve for his leadership in building a best-in-class risk and compliance organization, which is a pillar strength for Mr. Cooper, and wish him the best in his well-deserved retirement.”

Prior to joining Mr. Cooper Group, Johnson spent six years as executive vice president at OneWest Bank. Earlier in his career, Johnson helped develop a streamline modification program that served as the template for the Home Affordable Modification Program (HAMP).

“At Mr. Cooper Group, risk management is an ongoing focus for the company’s leadership, and that includes investing in world-class infrastructure, meeting regulatory and customer expectations, and making sound business decisions to ensure we remain a source of strength for the housing market in all environments,” said Johnson.

Published
Apr 08, 2021
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022
Ohio Couple Sues Mr. Cooper Unit Over Loan Modification Denial

Seek class action status over denial of COVID-19

Industry News
Dec 01, 2022
Ready Life Changing The Homebuying Narrative

CEO says that the credit score system is an out-of-date barrier to people of color

Industry News
Nov 30, 2022
Title Business Takes Center Stage

Business turning into a hot topic with proposed changes

Industry News
Nov 30, 2022
Equifax Confirms Credit Report Hike

Costs could go up as much as 400% in some cases, according to NCRA.

Industry News
Nov 29, 2022
‘Massive’ Increase In Credit Report Cost Coming In 2023

NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.

Industry News
Nov 28, 2022