Ranjit Bhattacharjee

Executive Vice President & Chief Investment Officer, Mr Cooper

Search every verified Ranjit Bhattacharjee interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ranjit Bhattacharjee, Executive Vice President and Chief Investment Officer at Mr. Cooper, has been associated with the company's commentary on the housing market and mortgage rates. In September 2024, Mr. Cooper Group CEO Jay Bray stated that if mortgage rates continue to fall, the company expects to see a significant increase in refinancing activity, noting that the company had its largest lock day in a year on the Friday and Saturday prior to the interview. Bray also said that 20% of the company's portfolio has a rate higher than 6%, and that a further 50 basis-point drop in rates would be needed to "really move the needle" on refinancing. He added that the company has been investing in its platform and adding capacity in preparation for a potential drop in rates. In September 2022, Bray discussed the company's business model, describing it as "balanced" between origination and servicing. He stated that rising rates increase the value of the company's servicing assets and that Mr. Cooper was the third-largest servicer and largest non-bank servicer in the country, with a servicing portfolio of $710 billion at the time. Bray projected 15% growth in the portfolio for that year and noted that the company could help existing customers through cash-out refinances, even in a higher-rate environment.