Based on the provided data and context, I'll analyze whether COOP is overvalued in 5 concise sentences:
Mr. Cooper Group (COOP) appears fairly valued considering its strong market position in mortgage servicing and origination, with billionaire Lee Cooperman maintaining it as his top holding. The company demonstrated robust growth with its servicing portfolio expanding 32% year-on-year to $1,239 billion, while maintaining healthy operating ROTCE of 16.8%. JMP Securities recently initiated coverage with a $115 price target, suggesting a 16.7% upside potential, citing the stock's current valuation as significantly below its mortgage peers. The company's strategic acquisition of Flagstar's Mortgage Operations and commitment to AI integration through Pyro AI development positions it well for future growth. Despite recent challenges in the mortgage industry, including Ginnie Mae staff departures affecting the broader sector, COOP's strong financial performance and market share gains in both servicing and origination segments suggest the stock is reasonably priced at current levels.