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Nationstar Mortgage Launches New Product Development Center in India

Nationstar Mortgage Holdings Inc., a leading residential mortgage services provider in the United States with approximately 2.5 million customers, announced the launch of a new state-of-the-art product development center in Chennai, India.

Located in at DLF IT Park, Nationstar’s India Product Development Center will play a key role in the company’s transformation to become the most customer-centric home loan company in the U.S.

“Companies that provide the best customer experience win, and we’re on a journey to create the best customer experience in the mortgage industry,” said Jay Bray, Nationstar President and Chief Executive Officer. “Technology and product development will play a critical role in our mission to keep the dream of homeownership alive. This new center represents our long-term commitment to creating best-in-class products that make the home loan process more rewarding and less worrisome for our customers.”

The new facility was formally inaugurated by Mr. Bray alongside Nationstar Chief Information Officer Sridhar Sharma and Anand Mohanram, head of the India Product Development Center. With the launch of the new center, Nationstar plans to hire approximately 300 software engineers in 2016 and further expand to more than 500 employees in 2017.

“Our team in Chennai will focus on digital and mobile transformation, data analytics and automation of key business functions,” said Anand. “The India Product Development Center will be an open, collaborative environment consistent with Nationstar’s core values of being Champions for our customers, Challengers of convention and Cheerleaders for our team.”

About Nationstar

NSM Services Private Limited, located in Chennai, is a wholly owned subsidiary of Nationstar Mortgage Holdings Inc., which is also the holding company for well-known brands such as Nationstar, Xome, Greenlight Loans and Champion Mortgage. Based in Dallas, Texas, Nationstar Mortgage provides servicing, origination and transaction based services related principally to single family residences throughout the United States. Additional corporate information is available on the Shareholder Relations section of www.nationstarmtg.com.

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