Mr. Cooper Group Inc. has named Shawn Stone executive vice president and chief revenue officer, as well as promoted Jay Jones to executive vice president, leading the company’s mortgage servicing business.
In his role, Stone will lead the Mr. Cooper originations business and focus on the company’s accelerated growth strategy.
He joins Mr. Cooper from Renovate America, where he served as the company’s CEO and a member of its board of directors. Previously, Stone was CEO and executive founder of Global Mortgage Capital, where he started a nationwide independent mortgage banking business that included multiple mortgage origination, servicing and financing companies. Prior to that, he was an executive leader at Mr. Cooper, where he worked for 18 years serving in leadership roles in originations, servicing, capital markets, finance and as founder and president of Xome.
Jones joined Mr. Cooper in July 2019, most recently serving as senior vice president of servicing. He has more than 25 years of experience in the mortgage industry and has held various key leadership roles. Before joining Mr. Cooper, Jones served as executive vice president and chief strategy officer for Celink and as executive vice president at CIT Bank, where he led the residential servicing operations division.
As members of the executive leadership team, Stone and Jones both report to Chris Marshall, vice chairman, president and chief financial officer of Mr. Cooper Group.