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    <link:label id="lab_us-gaap_ScenarioUnspecifiedDomain_28B6BE613AAE83EBA5869311FE502412_terseLabel_en-US" xlink:label="lab_us-gaap_ScenarioUnspecifiedDomain_28B6BE613AAE83EBA5869311FE502412" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</link:label>
    <link:label id="lab_us-gaap_ScenarioUnspecifiedDomain_28B6BE613AAE83EBA5869311FE502412_label_en-US" xlink:label="lab_us-gaap_ScenarioUnspecifiedDomain_28B6BE613AAE83EBA5869311FE502412" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario, Unspecified [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="loc_us-gaap_ScenarioUnspecifiedDomain_28B6BE613AAE83EBA5869311FE502412" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PredecessorMember_DF75D102564027FCFAFD9311FE50B08B_terseLabel_en-US" xlink:label="lab_us-gaap_PredecessorMember_DF75D102564027FCFAFD9311FE50B08B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Predecessor</link:label>
    <link:label id="lab_us-gaap_PredecessorMember_DF75D102564027FCFAFD9311FE50B08B_label_en-US" xlink:label="lab_us-gaap_PredecessorMember_DF75D102564027FCFAFD9311FE50B08B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Predecessor [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PredecessorMember" xlink:label="loc_us-gaap_PredecessorMember_DF75D102564027FCFAFD9311FE50B08B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_AECD70B40B6534BB2CC79311FE507DC8_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_AECD70B40B6534BB2CC79311FE507DC8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</link:label>
    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_AECD70B40B6534BB2CC79311FE507DC8_label_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_AECD70B40B6534BB2CC79311FE507DC8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_AECD70B40B6534BB2CC79311FE507DC8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_AECD70B40B6534BB2CC79311FE507DC8" xlink:to="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_AECD70B40B6534BB2CC79311FE507DC8" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward_08833DDD5C756FAAB5729311FE5196D4_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward_08833DDD5C756FAAB5729311FE5196D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Net, Reconciliation to Cash Flow [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward_08833DDD5C756FAAB5729311FE5196D4_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward_08833DDD5C756FAAB5729311FE5196D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Net, Reconciliation to Cash Flow [Roll Forward]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward_08833DDD5C756FAAB5729311FE5196D4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward_08833DDD5C756FAAB5729311FE5196D4" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleNetReconciliationToCashFlowRollForward_08833DDD5C756FAAB5729311FE5196D4" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleAmount_A6AEEB132F7CFBBC41DA9311FE519A37_periodStartLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleAmount_A6AEEB132F7CFBBC41DA9311FE519A37" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance - beginning of period</link:label>
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleAmount_A6AEEB132F7CFBBC41DA9311FE519A37_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleAmount_A6AEEB132F7CFBBC41DA9311FE519A37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LoansReceivableHeldForSaleAmount" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleAmount_A6AEEB132F7CFBBC41DA9311FE519A37" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleAmount_A6AEEB132F7CFBBC41DA9311FE519A37" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleAmount_A6AEEB132F7CFBBC41DA9311FE519A37" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale_0C5139271CE0CCCE08E59311FE516301_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale_0C5139271CE0CCCE08E59311FE516301" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans originated and purchased, net of fees</link:label>
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale_0C5139271CE0CCCE08E59311FE516301_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale_0C5139271CE0CCCE08E59311FE516301" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Reconciliation to Cash Flow, Additions to Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale_0C5139271CE0CCCE08E59311FE516301" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale_0C5139271CE0CCCE08E59311FE516301" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale_0C5139271CE0CCCE08E59311FE516301" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale_15F85EAB14ED0CD325D89311FE519B5B_negatedLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale_15F85EAB14ED0CD325D89311FE519B5B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loans sold</link:label>
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale_15F85EAB14ED0CD325D89311FE519B5B_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale_15F85EAB14ED0CD325D89311FE519B5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Reconciliation to Cash Flow, Deductions from Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale_15F85EAB14ED0CD325D89311FE519B5B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale_15F85EAB14ED0CD325D89311FE519B5B" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale_15F85EAB14ED0CD325D89311FE519B5B" xlink:type="arc" />
    <link:label id="lab_coop_RepurchaseofGinnieMaeReceivables_5237336081D55032FA379311FE523FB0_terseLabel_en-US" xlink:label="lab_coop_RepurchaseofGinnieMaeReceivables_5237336081D55032FA379311FE523FB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of loans out of Ginnie Mae securitizations</link:label>
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    <link:label id="lab_coop_RepurchaseofGinnieMaeReceivables_5237336081D55032FA379311FE523FB0_documentation_en-US" xlink:label="lab_coop_RepurchaseofGinnieMaeReceivables_5237336081D55032FA379311FE523FB0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchase of Ginnie Mae Receivables</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_RepurchaseofGinnieMaeReceivables" xlink:label="loc_coop_RepurchaseofGinnieMaeReceivables_5237336081D55032FA379311FE523FB0" xlink:type="locator" />
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    <link:label id="lab_coop_ClaimsMadetoThirdParties_272DF3A30AD28665B7BC9311FE52F642_negatedTerseLabel_en-US" xlink:label="lab_coop_ClaimsMadetoThirdParties_272DF3A30AD28665B7BC9311FE52F642" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfer of mortgage loans held for sale to advances/accounts receivable, net related to claims</link:label>
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    <link:loc xlink:href="coop-20190331.xsd#coop_ClaimsMadetoThirdParties" xlink:label="loc_coop_ClaimsMadetoThirdParties_272DF3A30AD28665B7BC9311FE52F642" xlink:type="locator" />
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    <link:label id="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets_788094BDD07DAD7EA55A9311FE52F66F_terseLabel_en-US" xlink:label="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets_788094BDD07DAD7EA55A9311FE52F66F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net transfer of mortgage loans held for sale from REO in other assets</link:label>
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    <link:label id="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets_788094BDD07DAD7EA55A9311FE52F66F_documentation_en-US" xlink:label="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets_788094BDD07DAD7EA55A9311FE52F66F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Reconciliation to Cash Flow, Transfer from Held-for-sale to Held For Investment or Other Assets</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets" xlink:label="loc_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowTransferfromHeldforsaletoHeldForInvestmentorOtherAssets_788094BDD07DAD7EA55A9311FE52F66F" xlink:type="locator" />
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    <link:label id="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue_929373FDE621388AC0699311FE523DA5_verboseLabel_en-US" xlink:label="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue_929373FDE621388AC0699311FE523DA5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Changes in fair value</link:label>
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    <link:loc xlink:href="coop-20190331.xsd#coop_LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue" xlink:label="loc_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowChangesinFairValue_929373FDE621388AC0699311FE523DA5" xlink:type="locator" />
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    <link:label id="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowOther_2225D78D11E7BA97F8FC9311FE53F69C_terseLabel_en-US" xlink:label="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowOther_2225D78D11E7BA97F8FC9311FE53F69C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other purchase-related activities</link:label>
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    <link:label id="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowOther_2225D78D11E7BA97F8FC9311FE53F69C_documentation_en-US" xlink:label="lab_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowOther_2225D78D11E7BA97F8FC9311FE53F69C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Reconciliation to Cash Flow, Other</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_LoansReceivableHeldforsaleReconciliationtoCashFlowOther" xlink:label="loc_coop_LoansReceivableHeldforsaleReconciliationtoCashFlowOther_2225D78D11E7BA97F8FC9311FE53F69C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_37C2ACBA1EB68D049C6998F772649E96_netLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_37C2ACBA1EB68D049C6998F772649E96" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Net income (loss) attributable to non-controlling interests</link:label>
    <link:label id="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_37C2ACBA1EB68D049C6998F772649E96_label_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_37C2ACBA1EB68D049C6998F772649E96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income (Loss) Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_37C2ACBA1EB68D049C6998F772649E96" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_386B97F74FA2DD93F2CE98F772655103_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_386B97F74FA2DD93F2CE98F772655103" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax (benefit) expense</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_386B97F74FA2DD93F2CE98F772655103_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_386B97F74FA2DD93F2CE98F772655103" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_386B97F74FA2DD93F2CE98F772655103" xlink:type="locator" />
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    <link:label id="lab_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093_negatedTerseLabel_en-US" xlink:label="lab_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Gain) loss from subsidiaries</link:label>
    <link:label id="lab_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093_label_en-US" xlink:label="lab_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intercompany Gains (Losses)</link:label>
    <link:label id="lab_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093_documentation_en-US" xlink:label="lab_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intercompany Gains (Losses)</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_IntercompanyGainsLosses" xlink:label="loc_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093" xlink:to="lab_coop_IntercompanyGainsLosses_7B6AB6A100D0F9134CEC98F772658093" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_3EE1378A799125474CE598F772657351_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_3EE1378A799125474CE598F772657351" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net gain on mortgage loans held for sale</link:label>
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_3EE1378A799125474CE598F772657351_label_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_3EE1378A799125474CE598F772657351" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sales of Loans, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainLossOnSalesOfLoansNet" xlink:label="loc_us-gaap_GainLossOnSalesOfLoansNet_3EE1378A799125474CE598F772657351" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSalesOfLoansNet_3EE1378A799125474CE598F772657351" xlink:to="lab_us-gaap_GainLossOnSalesOfLoansNet_3EE1378A799125474CE598F772657351" xlink:type="arc" />
    <link:label id="lab_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430_negatedTerseLabel_en-US" xlink:label="lab_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest income on reverse mortgage loan</link:label>
    <link:label id="lab_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430_label_en-US" xlink:label="lab_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income, Reverse Mortgages</link:label>
    <link:label id="lab_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430_documentation_en-US" xlink:label="lab_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Income, Reverse Mortgages</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_InterestIncomeReverseMortgages" xlink:label="loc_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430" xlink:to="lab_coop_InterestIncomeReverseMortgages_303C1C7638FF857BCD1F98F77265B430" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets1_1285766A757BF678250998F77265EBDB_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets1_1285766A757BF678250998F77265EBDB" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Gain) loss on sale of assets</link:label>
    <link:label id="lab_us-gaap_GainLossOnDispositionOfAssets1_1285766A757BF678250998F77265EBDB_label_en-US" xlink:label="lab_us-gaap_GainLossOnDispositionOfAssets1_1285766A757BF678250998F77265EBDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets1" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_1285766A757BF678250998F77265EBDB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnDispositionOfAssets1_1285766A757BF678250998F77265EBDB" xlink:to="lab_us-gaap_GainLossOnDispositionOfAssets1_1285766A757BF678250998F77265EBDB" xlink:type="arc" />
    <link:label id="lab_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3_terseLabel_en-US" xlink:label="lab_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for servicing reserves</link:label>
    <link:label id="lab_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3_label_en-US" xlink:label="lab_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for Reserves on Advance and Other Receivables</link:label>
    <link:label id="lab_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3_documentation_en-US" xlink:label="lab_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for Reserves on Advance and Other Receivables</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ProvisionforReservesonAdvanceandOtherReceivables" xlink:label="loc_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3" xlink:to="lab_coop_ProvisionforReservesonAdvanceandOtherReceivables_D576EA4FADD2590BFFA998F772666BF3" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_29270229EE01BFB536F198F772661AEC_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_29270229EE01BFB536F198F772661AEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value changes and amortization/accretion of mortgage servicing rights/liabilities</link:label>
    <link:label id="lab_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_29270229EE01BFB536F198F772661AEC_label_en-US" xlink:label="lab_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_29270229EE01BFB536F198F772661AEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights (MSR) Impairment (Recovery)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MortgageServicingRightsMSRImpairmentRecovery" xlink:label="loc_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_29270229EE01BFB536F198F772661AEC" xlink:type="locator" />
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    <link:label id="lab_coop_FairValueChangesInExcessFinancingSpread_017D19D7183508032E6198F77266DBC5_negatedLabel_en-US" xlink:label="lab_coop_FairValueChangesInExcessFinancingSpread_017D19D7183508032E6198F77266DBC5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Fair value changes in excess spread financing</link:label>
    <link:label id="lab_coop_FairValueChangesInExcessFinancingSpread_017D19D7183508032E6198F77266DBC5_label_en-US" xlink:label="lab_coop_FairValueChangesInExcessFinancingSpread_017D19D7183508032E6198F77266DBC5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Changes in Excess Financing Spread</link:label>
    <link:label id="lab_coop_FairValueChangesInExcessFinancingSpread_017D19D7183508032E6198F77266DBC5_documentation_en-US" xlink:label="lab_coop_FairValueChangesInExcessFinancingSpread_017D19D7183508032E6198F77266DBC5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value changes in excess spread financing</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_FairValueChangesInExcessFinancingSpread" xlink:label="loc_coop_FairValueChangesInExcessFinancingSpread_017D19D7183508032E6198F77266DBC5" xlink:type="locator" />
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    <link:label id="lab_coop_FairValueChangesinMSRFinancingLiability_CA6DA9EA15714204EE7398F77266F6AF_negatedTerseLabel_en-US" xlink:label="lab_coop_FairValueChangesinMSRFinancingLiability_CA6DA9EA15714204EE7398F77266F6AF" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fair value changes in mortgage servicing rights financing liability</link:label>
    <link:label id="lab_coop_FairValueChangesinMSRFinancingLiability_CA6DA9EA15714204EE7398F77266F6AF_label_en-US" xlink:label="lab_coop_FairValueChangesinMSRFinancingLiability_CA6DA9EA15714204EE7398F77266F6AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Changes in MSR Financing Liability</link:label>
    <link:label id="lab_coop_FairValueChangesinMSRFinancingLiability_CA6DA9EA15714204EE7398F77266F6AF_documentation_en-US" xlink:label="lab_coop_FairValueChangesinMSRFinancingLiability_CA6DA9EA15714204EE7398F77266F6AF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Changes in mortgage servicing rights financing liability</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_FairValueChangesinMSRFinancingLiability" xlink:label="loc_coop_FairValueChangesinMSRFinancingLiability_CA6DA9EA15714204EE7398F77266F6AF" xlink:type="locator" />
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    <link:label id="lab_coop_MortgageLoansHeldForInvestmentChangeInFairValue_45C291E1CF9B9D0BAE9098F772661D8C_negatedTerseLabel_en-US" xlink:label="lab_coop_MortgageLoansHeldForInvestmentChangeInFairValue_45C291E1CF9B9D0BAE9098F772661D8C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fair value changes in mortgage loan held for investment</link:label>
    <link:label id="lab_coop_MortgageLoansHeldForInvestmentChangeInFairValue_45C291E1CF9B9D0BAE9098F772661D8C_label_en-US" xlink:label="lab_coop_MortgageLoansHeldForInvestmentChangeInFairValue_45C291E1CF9B9D0BAE9098F772661D8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held For Investment, Change In Fair Value</link:label>
    <link:label id="lab_coop_MortgageLoansHeldForInvestmentChangeInFairValue_45C291E1CF9B9D0BAE9098F772661D8C_documentation_en-US" xlink:label="lab_coop_MortgageLoansHeldForInvestmentChangeInFairValue_45C291E1CF9B9D0BAE9098F772661D8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held For Investment, Change In Fair Value</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageLoansHeldForInvestmentChangeInFairValue" xlink:label="loc_coop_MortgageLoansHeldForInvestmentChangeInFairValue_45C291E1CF9B9D0BAE9098F772661D8C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_A61A05DBA51BFA68EFC698F77266D9B9_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_A61A05DBA51BFA68EFC698F77266D9B9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amortization of premiums, net of discount accretion</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments" xlink:label="loc_us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments_A61A05DBA51BFA68EFC698F77266D9B9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DepreciationDepletionAndAmortization_74982DBAEE44383B156C98F7726711AD_verboseLabel_en-US" xlink:label="lab_us-gaap_DepreciationDepletionAndAmortization_74982DBAEE44383B156C98F7726711AD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization for property and equipment and intangible assets</link:label>
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    <link:label id="lab_coop_ProceedsPaymentsFromAcquisitionOfReverseMortgageInterestsAndHomeEquityConversionMortgageRelatedReceivables_217A7ECACA02A01942E898F7726A6181_terseLabel_en-US" xlink:label="lab_coop_ProceedsPaymentsFromAcquisitionOfReverseMortgageInterestsAndHomeEquityConversionMortgageRelatedReceivables_217A7ECACA02A01942E898F7726A6181" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net proceeds from acquisition of reverse mortgage servicing portfolio and HECM related receivables</link:label>
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    <link:label id="lab_coop_ProceedsRepaymentsFromSaleOfMortgageServicingRightsMSR_C8E2DE97FFD0A089D56E98F7726A16C5_terseLabel_en-US" xlink:label="lab_coop_ProceedsRepaymentsFromSaleOfMortgageServicingRightsMSR_C8E2DE97FFD0A089D56E98F7726A16C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds on sale of forward and reverse mortgage servicing rights</link:label>
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    <link:loc xlink:href="coop-20190331.xsd#coop_ProceedsRepaymentsFromSaleOfMortgageServicingRightsMSR" xlink:label="loc_coop_ProceedsRepaymentsFromSaleOfMortgageServicingRightsMSR_C8E2DE97FFD0A089D56E98F7726A16C5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfProductiveAssets_0DFD575442F8A662581198F7726A890D_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfProductiveAssets_0DFD575442F8A662581198F7726A890D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds on sale of assets</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_ED956779C3A30C2879C798F7726A24B4_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_ED956779C3A30C2879C798F7726A24B4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash attributable to investing activities</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfSecuredDebt_8604D4CB0293F49BC4A698F7726B2EE5_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfSecuredDebt_8604D4CB0293F49BC4A698F7726B2EE5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in warehouse facilities</link:label>
    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfSecuredDebt_8604D4CB0293F49BC4A698F7726B2EE5_label_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfSecuredDebt_8604D4CB0293F49BC4A698F7726B2EE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Repayments of) Secured Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfSecuredDebt" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfSecuredDebt_8604D4CB0293F49BC4A698F7726B2EE5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_2FE8E2FD78A41AF9287998F7726B3401_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit_2FE8E2FD78A41AF9287998F7726B3401" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in advance facilities</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfNotesPayable_88F2647683B9FC4909B698F7726B17E7_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfNotesPayable_88F2647683B9FC4909B698F7726B17E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment of notes payable</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromOtherDebt_5EAF7A530D668230116698F7726B583A_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromOtherDebt_5EAF7A530D668230116698F7726B583A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of HECM securitizations</link:label>
    <link:label id="lab_us-gaap_ProceedsFromOtherDebt_5EAF7A530D668230116698F7726B583A_label_en-US" xlink:label="lab_us-gaap_ProceedsFromOtherDebt_5EAF7A530D668230116698F7726B583A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Other Debt</link:label>
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    <link:label id="lab_coop_ProceedsFromSaleOfHomeEquityConversionMortgages_2582857C2D609E548CEA98F7726BDAC3_terseLabel_en-US" xlink:label="lab_coop_ProceedsFromSaleOfHomeEquityConversionMortgages_2582857C2D609E548CEA98F7726BDAC3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of HECM securitizations</link:label>
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    <link:label id="lab_coop_ProceedsFromIssuanceOfParticipatingInterestFinancingInReverseMortgageInterestsNet_27825D6A93CB945DE6DB98F7726CB5F6_documentation_en-US" xlink:label="lab_coop_ProceedsFromIssuanceOfParticipatingInterestFinancingInReverseMortgageInterestsNet_27825D6A93CB945DE6DB98F7726CB5F6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Issuance Of Participating Interest Financing In Reverse Mortgage Interests, Net</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ProceedsFromIssuanceOfParticipatingInterestFinancingInReverseMortgageInterestsNet" xlink:label="loc_coop_ProceedsFromIssuanceOfParticipatingInterestFinancingInReverseMortgageInterestsNet_27825D6A93CB945DE6DB98F7726CB5F6" xlink:type="locator" />
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    <link:label id="lab_coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable_62548A9AF6DBF3A5713598F7726C0E7A_verboseLabel_en-US" xlink:label="lab_coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable_62548A9AF6DBF3A5713598F7726C0E7A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Repayment of participating interest financing in reverse mortgage interests</link:label>
    <link:label id="lab_coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable_62548A9AF6DBF3A5713598F7726C0E7A_label_en-US" xlink:label="lab_coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable_62548A9AF6DBF3A5713598F7726C0E7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Payments for) Mortgage Backed Securities Notes Payable</link:label>
    <link:label id="lab_coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable_62548A9AF6DBF3A5713598F7726C0E7A_documentation_en-US" xlink:label="lab_coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable_62548A9AF6DBF3A5713598F7726C0E7A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from (Payments for) Mortgage Backed Securities Notes Payable</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable" xlink:label="loc_coop_ProceedsfromPaymentsforMortgageBackedSecuritiesNotesPayable_62548A9AF6DBF3A5713598F7726C0E7A" xlink:type="locator" />
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    <link:label id="lab_coop_ProceedsFromExcessSpreadFinancing_BCEDEC297C14E2B5C0A798F7726C2E6D_terseLabel_en-US" xlink:label="lab_coop_ProceedsFromExcessSpreadFinancing_BCEDEC297C14E2B5C0A798F7726C2E6D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from the issuance of excess spread financing</link:label>
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    <link:label id="lab_coop_ProceedsFromExcessSpreadFinancing_BCEDEC297C14E2B5C0A798F7726C2E6D_documentation_en-US" xlink:label="lab_coop_ProceedsFromExcessSpreadFinancing_BCEDEC297C14E2B5C0A798F7726C2E6D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from Excess Spread Financing</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ProceedsFromExcessSpreadFinancing" xlink:label="loc_coop_ProceedsFromExcessSpreadFinancing_BCEDEC297C14E2B5C0A798F7726C2E6D" xlink:type="locator" />
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    <link:label id="lab_coop_PaymentForSettlementOfExcessServicingSpreadFinancing_EA42B86BAEE97545E76C98F7726C09F2_negatedTerseLabel_en-US" xlink:label="lab_coop_PaymentForSettlementOfExcessServicingSpreadFinancing_EA42B86BAEE97545E76C98F7726C09F2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Settlement of excess spread financing</link:label>
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    <link:label id="lab_coop_PaymentForSettlementOfExcessServicingSpreadFinancing_EA42B86BAEE97545E76C98F7726C09F2_documentation_en-US" xlink:label="lab_coop_PaymentForSettlementOfExcessServicingSpreadFinancing_EA42B86BAEE97545E76C98F7726C09F2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment For Settlement Of Excess Servicing Spread Financing</link:label>
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    <link:label id="lab_coop_RepaymentOfNonrecourseDebtLegacyAssets_807CD662D12DC345C30D98F7726C5A34_negatedLabel_en-US" xlink:label="lab_coop_RepaymentOfNonrecourseDebtLegacyAssets_807CD662D12DC345C30D98F7726C5A34" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of nonrecourse debt &#8211; legacy assets</link:label>
    <link:label id="lab_coop_RepaymentOfNonrecourseDebtLegacyAssets_807CD662D12DC345C30D98F7726C5A34_label_en-US" xlink:label="lab_coop_RepaymentOfNonrecourseDebtLegacyAssets_807CD662D12DC345C30D98F7726C5A34" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayment of Nonrecourse Debt Legacy Assets</link:label>
    <link:label id="lab_coop_RepaymentOfNonrecourseDebtLegacyAssets_807CD662D12DC345C30D98F7726C5A34_documentation_en-US" xlink:label="lab_coop_RepaymentOfNonrecourseDebtLegacyAssets_807CD662D12DC345C30D98F7726C5A34" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repayment of nonrecourse debt - Legacy assets</link:label>
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    <link:label id="lab_us-gaap_FinanceLeasePrincipalPayments_24196F4F0C0D7B62F12F98F7726DCC85_negatedLabel_en-US" xlink:label="lab_us-gaap_FinanceLeasePrincipalPayments_24196F4F0C0D7B62F12F98F7726DCC85" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of finance lease liability</link:label>
    <link:label id="lab_us-gaap_FinanceLeasePrincipalPayments_24196F4F0C0D7B62F12F98F7726DCC85_label_en-US" xlink:label="lab_us-gaap_FinanceLeasePrincipalPayments_24196F4F0C0D7B62F12F98F7726DCC85" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease, Principal Payments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FinanceLeasePrincipalPayments" xlink:label="loc_us-gaap_FinanceLeasePrincipalPayments_24196F4F0C0D7B62F12F98F7726DCC85" xlink:type="locator" />
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    <link:label id="lab_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D_negatedTerseLabel_en-US" xlink:label="lab_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of unsecured senior notes</link:label>
    <link:label id="lab_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D_label_en-US" xlink:label="lab_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment for Repurchase of Unsecured Debt</link:label>
    <link:label id="lab_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D_documentation_en-US" xlink:label="lab_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment for Repurchase of Unsecured Debt</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_PaymentforRepurchaseofUnsecuredDebt" xlink:label="loc_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D" xlink:to="lab_coop_PaymentforRepurchaseofUnsecuredDebt_A1287DDAE2791AEA9E9D98F7726D4F4D" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_66A2A0D1385E4E449B0398F7726D230E_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_66A2A0D1385E4E449B0398F7726D230E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Surrender of shares relating to stock vesting</link:label>
    <link:label id="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_66A2A0D1385E4E449B0398F7726D230E_label_en-US" xlink:label="lab_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_66A2A0D1385E4E449B0398F7726D230E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments Related to Tax Withholding for Share-based Compensation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:label="loc_us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_66A2A0D1385E4E449B0398F7726D230E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsOfFinancingCosts_6724AB6D8AD47AE6085D98F7726DAE23_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfFinancingCosts_6724AB6D8AD47AE6085D98F7726DAE23" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Debt financing costs</link:label>
    <link:label id="lab_us-gaap_PaymentsOfFinancingCosts_6724AB6D8AD47AE6085D98F7726DAE23_label_en-US" xlink:label="lab_us-gaap_PaymentsOfFinancingCosts_6724AB6D8AD47AE6085D98F7726DAE23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Financing Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfFinancingCosts" xlink:label="loc_us-gaap_PaymentsOfFinancingCosts_6724AB6D8AD47AE6085D98F7726DAE23" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfFinancingCosts_6724AB6D8AD47AE6085D98F7726DAE23" xlink:to="lab_us-gaap_PaymentsOfFinancingCosts_6724AB6D8AD47AE6085D98F7726DAE23" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_DB085D9E943FDD3B34C998F7726D7F57_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_DB085D9E943FDD3B34C998F7726D7F57" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash attributable to financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_DB085D9E943FDD3B34C998F7726D7F57_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_DB085D9E943FDD3B34C998F7726D7F57" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
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    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_4FBA7E4EBF6E3FD44CF298F7726D63DC_totalLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_4FBA7E4EBF6E3FD44CF298F7726D63DC" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net decrease in cash, cash equivalents, and restricted cash</link:label>
    <link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_4FBA7E4EBF6E3FD44CF298F7726D63DC_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_4FBA7E4EBF6E3FD44CF298F7726D63DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect</link:label>
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    <link:label id="lab_coop_MBSServicerAdvanceFacility2014Domain_09A858434B6B07B221719311FDC3C626_terseLabel_en-US" xlink:label="lab_coop_MBSServicerAdvanceFacility2014Domain_09A858434B6B07B221719311FDC3C626" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MBS servicer advance facility (2014)</link:label>
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    <link:label id="lab_coop_MBSServicerAdvanceFacility2014Domain_09A858434B6B07B221719311FDC3C626_documentation_en-US" xlink:label="lab_coop_MBSServicerAdvanceFacility2014Domain_09A858434B6B07B221719311FDC3C626" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">MBS Servicer Advance Facility (2014) [Domain]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MBSServicerAdvanceFacility2014Domain" xlink:label="loc_coop_MBSServicerAdvanceFacility2014Domain_09A858434B6B07B221719311FDC3C626" xlink:type="locator" />
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    <link:label id="lab_coop_AgencyAdvanceFinancingFacility2011Member_B02694736A351CB7C5FE9311FDC3EB80_terseLabel_en-US" xlink:label="lab_coop_AgencyAdvanceFinancingFacility2011Member_B02694736A351CB7C5FE9311FDC3EB80" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nationstar agency advance financing facility</link:label>
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    <link:label id="lab_coop_AgencyAdvanceFinancingFacility2011Member_B02694736A351CB7C5FE9311FDC3EB80_documentation_en-US" xlink:label="lab_coop_AgencyAdvanceFinancingFacility2011Member_B02694736A351CB7C5FE9311FDC3EB80" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Agency Advance Financing Facility (2011) [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_AgencyAdvanceFinancingFacility2011Member" xlink:label="loc_coop_AgencyAdvanceFinancingFacility2011Member_B02694736A351CB7C5FE9311FDC3EB80" xlink:type="locator" />
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    <link:label id="lab_coop_A1000WarehouseFacilityDueSeptember2017Member_80AB4A46D609EDCAB9199311FDC3E033_terseLabel_en-US" xlink:label="lab_coop_A1000WarehouseFacilityDueSeptember2017Member_80AB4A46D609EDCAB9199311FDC3E033" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$1,000 warehouse facility</link:label>
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    <link:label id="lab_coop_A1000WarehouseFacilityDueSeptember2017Member_80AB4A46D609EDCAB9199311FDC3E033_documentation_en-US" xlink:label="lab_coop_A1000WarehouseFacilityDueSeptember2017Member_80AB4A46D609EDCAB9199311FDC3E033" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$1000 Warehouse Facility Due September 2017 [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A1000WarehouseFacilityDueSeptember2017Member" xlink:label="loc_coop_A1000WarehouseFacilityDueSeptember2017Member_80AB4A46D609EDCAB9199311FDC3E033" xlink:type="locator" />
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    <link:label id="lab_coop_A950WarehouseFacilityMember_BDFCB78F9C47D3A0DC7C9311FDC4A54A_terseLabel_en-US" xlink:label="lab_coop_A950WarehouseFacilityMember_BDFCB78F9C47D3A0DC7C9311FDC4A54A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$950 warehouse facility</link:label>
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    <link:label id="lab_coop_A950WarehouseFacilityMember_BDFCB78F9C47D3A0DC7C9311FDC4A54A_documentation_en-US" xlink:label="lab_coop_A950WarehouseFacilityMember_BDFCB78F9C47D3A0DC7C9311FDC4A54A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$950 Warehouse Facility [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A950WarehouseFacilityMember" xlink:label="loc_coop_A950WarehouseFacilityMember_BDFCB78F9C47D3A0DC7C9311FDC4A54A" xlink:type="locator" />
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    <link:label id="lab_coop_A600WarehouseFacilityDueApril2020Member_6F7276A4E21C3107BEB19311FDC476ED_terseLabel_en-US" xlink:label="lab_coop_A600WarehouseFacilityDueApril2020Member_6F7276A4E21C3107BEB19311FDC476ED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$800 warehouse facility</link:label>
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    <link:label id="lab_coop_A600WarehouseFacilityDueApril2020Member_6F7276A4E21C3107BEB19311FDC476ED_documentation_en-US" xlink:label="lab_coop_A600WarehouseFacilityDueApril2020Member_6F7276A4E21C3107BEB19311FDC476ED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$600 Warehouse Facility Due April 2020 [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A600WarehouseFacilityDueApril2020Member" xlink:label="loc_coop_A600WarehouseFacilityDueApril2020Member_6F7276A4E21C3107BEB19311FDC476ED" xlink:type="locator" />
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    <link:label id="lab_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44_terseLabel_en-US" xlink:label="lab_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$600 warehouse facility</link:label>
    <link:label id="lab_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44_label_en-US" xlink:label="lab_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$600 Warehouse Facility [Member]</link:label>
    <link:label id="lab_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44_documentation_en-US" xlink:label="lab_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$600 Warehouse Facility [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A600WarehouseFacilityMember" xlink:label="loc_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44" xlink:to="lab_coop_A600WarehouseFacilityMember_B13674370F0F3F86315C9311FDC44A44" xlink:type="arc" />
    <link:label id="lab_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F_terseLabel_en-US" xlink:label="lab_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$500 warehouse facility</link:label>
    <link:label id="lab_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F_label_en-US" xlink:label="lab_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$500 Warehouse Facility Due September 2020 [Member]</link:label>
    <link:label id="lab_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F_documentation_en-US" xlink:label="lab_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$500 Warehouse Facility Due September 2020 [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A500WarehouseFacilityDueSeptember2020Member" xlink:label="loc_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F" xlink:to="lab_coop_A500WarehouseFacilityDueSeptember2020Member_E7847E0188CDE0C026E59311FDC4DC2F" xlink:type="arc" />
    <link:label id="lab_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4_terseLabel_en-US" xlink:label="lab_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$500 warehouse facility</link:label>
    <link:label id="lab_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4_label_en-US" xlink:label="lab_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warehouse Facility $500 Million [Member]</link:label>
    <link:label id="lab_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4_documentation_en-US" xlink:label="lab_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Warehouse Facility $500 Million [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_WarehouseFacility500MillionMember" xlink:label="loc_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4" xlink:to="lab_coop_WarehouseFacility500MillionMember_F3AA54DC4EC313191CDA9311FDC4BDA4" xlink:type="arc" />
    <link:label id="lab_coop_A500MillionWarehouseFacilityDueApril2019Member_74908488EC2D87F77D7F9311FDC5C204_terseLabel_en-US" xlink:label="lab_coop_A500MillionWarehouseFacilityDueApril2019Member_74908488EC2D87F77D7F9311FDC5C204" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$500 warehouse facility</link:label>
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    <link:label id="lab_coop_A500MillionWarehouseFacilityDueApril2019Member_74908488EC2D87F77D7F9311FDC5C204_documentation_en-US" xlink:label="lab_coop_A500MillionWarehouseFacilityDueApril2019Member_74908488EC2D87F77D7F9311FDC5C204" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$500 Million Warehouse Facility Due April 2019 [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A500MillionWarehouseFacilityDueApril2019Member" xlink:label="loc_coop_A500MillionWarehouseFacilityDueApril2019Member_74908488EC2D87F77D7F9311FDC5C204" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_A500MillionWarehouseFacilityDueApril2019Member_74908488EC2D87F77D7F9311FDC5C204" xlink:to="lab_coop_A500MillionWarehouseFacilityDueApril2019Member_74908488EC2D87F77D7F9311FDC5C204" xlink:type="arc" />
    <link:label id="lab_coop_A500WarehouseFacilityDueAugust2019Member_3A7434E22406EBDF9F789311FDC54B3B_terseLabel_en-US" xlink:label="lab_coop_A500WarehouseFacilityDueAugust2019Member_3A7434E22406EBDF9F789311FDC54B3B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$500 warehouse facility</link:label>
    <link:label id="lab_coop_A500WarehouseFacilityDueAugust2019Member_3A7434E22406EBDF9F789311FDC54B3B_label_en-US" xlink:label="lab_coop_A500WarehouseFacilityDueAugust2019Member_3A7434E22406EBDF9F789311FDC54B3B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$500 Warehouse Facility Due August 2019 [Member]</link:label>
    <link:label id="lab_coop_A500WarehouseFacilityDueAugust2019Member_3A7434E22406EBDF9F789311FDC54B3B_documentation_en-US" xlink:label="lab_coop_A500WarehouseFacilityDueAugust2019Member_3A7434E22406EBDF9F789311FDC54B3B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$500 Warehouse Facility Due August 2019 [Member]</link:label>
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    <link:label id="lab_coop_A250WarehouseFacilityMember_FC24DF8190D0D36169F59311FDC54403_terseLabel_en-US" xlink:label="lab_coop_A250WarehouseFacilityMember_FC24DF8190D0D36169F59311FDC54403" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$250 warehouse facility</link:label>
    <link:label id="lab_coop_A250WarehouseFacilityMember_FC24DF8190D0D36169F59311FDC54403_label_en-US" xlink:label="lab_coop_A250WarehouseFacilityMember_FC24DF8190D0D36169F59311FDC54403" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">$250 Warehouse Facility [Member]</link:label>
    <link:label id="lab_coop_A250WarehouseFacilityMember_FC24DF8190D0D36169F59311FDC54403_documentation_en-US" xlink:label="lab_coop_A250WarehouseFacilityMember_FC24DF8190D0D36169F59311FDC54403" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$250 Warehouse Facility [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A250WarehouseFacilityMember" xlink:label="loc_coop_A250WarehouseFacilityMember_FC24DF8190D0D36169F59311FDC54403" xlink:type="locator" />
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    <link:label id="lab_coop_A50WarehouseFacilityMember_AE3E155731E95EE6527E9311FDC61CC3_terseLabel_en-US" xlink:label="lab_coop_A50WarehouseFacilityMember_AE3E155731E95EE6527E9311FDC61CC3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$50 warehouse facility</link:label>
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    <link:label id="lab_coop_A50WarehouseFacilityMember_AE3E155731E95EE6527E9311FDC61CC3_documentation_en-US" xlink:label="lab_coop_A50WarehouseFacilityMember_AE3E155731E95EE6527E9311FDC61CC3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">$50 Warehouse Facility [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A50WarehouseFacilityMember" xlink:label="loc_coop_A50WarehouseFacilityMember_AE3E155731E95EE6527E9311FDC61CC3" xlink:type="locator" />
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    <link:label id="lab_coop_MortgageServicingRight200WarehouseFacilityDueApril2020Member_1C3B4268D92771C1FE6F9311FDC6877F_terseLabel_en-US" xlink:label="lab_coop_MortgageServicingRight200WarehouseFacilityDueApril2020Member_1C3B4268D92771C1FE6F9311FDC6877F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$200 warehouse facility</link:label>
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    <link:label id="lab_coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member_75E9DF769F06A74D6EAA9311FDC77ACE_terseLabel_en-US" xlink:label="lab_coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member_75E9DF769F06A74D6EAA9311FDC77ACE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$200 warehouse facility</link:label>
    <link:label id="lab_coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member_75E9DF769F06A74D6EAA9311FDC77ACE_label_en-US" xlink:label="lab_coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member_75E9DF769F06A74D6EAA9311FDC77ACE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Right, $200 Warehouse Facility Due June 2020 [Member]</link:label>
    <link:label id="lab_coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member_75E9DF769F06A74D6EAA9311FDC77ACE_documentation_en-US" xlink:label="lab_coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member_75E9DF769F06A74D6EAA9311FDC77ACE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Right, $200 Warehouse Facility Due June 2020 [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member" xlink:label="loc_coop_MortgageServicingRight200WarehouseFacilityDueJune2020Member_75E9DF769F06A74D6EAA9311FDC77ACE" xlink:type="locator" />
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    <link:label id="lab_coop_MortgageServicingRight175WarehouseFacilityDueDecember2020Member_0DE44931BD0211B63A959311FDC75CE1_terseLabel_en-US" xlink:label="lab_coop_MortgageServicingRight175WarehouseFacilityDueDecember2020Member_0DE44931BD0211B63A959311FDC75CE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$175 warehouse facility</link:label>
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    <link:loc xlink:href="coop-20190331.xsd#coop_AssumptionforFairValueofAssetsorLiabilitiesthatrelatetoTransferorsContinuingInvolvementRecaptureRate" xlink:label="loc_coop_AssumptionforFairValueofAssetsorLiabilitiesthatrelatetoTransferorsContinuingInvolvementRecaptureRate_A195585D5DB2728CAF669311FF33734A" xlink:type="locator" />
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    <link:label id="lab_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_729201CA49CD53CF30DC9311FC3B22BD_terseLabel_en-US" xlink:label="lab_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_729201CA49CD53CF30DC9311FC3B22BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans held for investment</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAmount_BE8F015D1376D6A8B6209311FC3CBB61_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAmount_BE8F015D1376D6A8B6209311FC3CBB61" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights</link:label>
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    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeAsset_9A0822CB2EFB7852628F9311FC3C9227_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeAsset_9A0822CB2EFB7852628F9311FC3C9227" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeAsset_9A0822CB2EFB7852628F9311FC3C9227_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeAsset_9A0822CB2EFB7852628F9311FC3C9227" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Asset, Fair Value, Gross Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_9A0822CB2EFB7852628F9311FC3C9227" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsFairValueDisclosure_2AC554EA034D8C2BA1089311FC3CFF24_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosure_2AC554EA034D8C2BA1089311FC3CFF24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_us-gaap_AssetsFairValueDisclosure_2AC554EA034D8C2BA1089311FC3CFF24_label_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosure_2AC554EA034D8C2BA1089311FC3CFF24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="loc_us-gaap_AssetsFairValueDisclosure_2AC554EA034D8C2BA1089311FC3CFF24" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_88A65D3376AA288A9E4B9311FC3CFE6C_verboseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_88A65D3376AA288A9E4B9311FC3CFE6C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_88A65D3376AA288A9E4B9311FC3CFE6C_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_88A65D3376AA288A9E4B9311FC3CFE6C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]</link:label>
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    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_BC7A3458F89C2FAF31B29311FC3C0770_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_BC7A3458F89C2FAF31B29311FC3C0770" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments</link:label>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_BC7A3458F89C2FAF31B29311FC3C0770_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_BC7A3458F89C2FAF31B29311FC3C0770" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability, Fair Value, Gross Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_BC7A3458F89C2FAF31B29311FC3C0770" xlink:type="locator" />
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    <link:label id="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_ECF436EBA4978250C2EC9311FC3D7593_verboseLabel_en-US" xlink:label="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_ECF436EBA4978250C2EC9311FC3D7593" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights financing</link:label>
    <link:label id="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_ECF436EBA4978250C2EC9311FC3D7593_label_en-US" xlink:label="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_ECF436EBA4978250C2EC9311FC3D7593" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights Liability Resulting from Sale of Servicer Advances, Rights not Accounted for as a Sale</link:label>
    <link:label id="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_ECF436EBA4978250C2EC9311FC3D7593_documentation_en-US" xlink:label="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_ECF436EBA4978250C2EC9311FC3D7593" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights Liability Resulting from Sale or Securitization of Servicer Advances, Rights not Accounted for as a Sale</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale" xlink:label="loc_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_ECF436EBA4978250C2EC9311FC3D7593" xlink:type="locator" />
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    <link:label id="lab_coop_ExcessSpreadFinancingAtFairValue_E8739E425E9B2E08135E9311FC3D4BFE_terseLabel_en-US" xlink:label="lab_coop_ExcessSpreadFinancingAtFairValue_E8739E425E9B2E08135E9311FC3D4BFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess spread financing</link:label>
    <link:label id="lab_coop_ExcessSpreadFinancingAtFairValue_E8739E425E9B2E08135E9311FC3D4BFE_label_en-US" xlink:label="lab_coop_ExcessSpreadFinancingAtFairValue_E8739E425E9B2E08135E9311FC3D4BFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Excess Spread Financing at Fair Value</link:label>
    <link:label id="lab_coop_ExcessSpreadFinancingAtFairValue_E8739E425E9B2E08135E9311FC3D4BFE_documentation_en-US" xlink:label="lab_coop_ExcessSpreadFinancingAtFairValue_E8739E425E9B2E08135E9311FC3D4BFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Excess spread financing (at fair value)</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ExcessSpreadFinancingAtFairValue" xlink:label="loc_coop_ExcessSpreadFinancingAtFairValue_E8739E425E9B2E08135E9311FC3D4BFE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LiabilitiesFairValueDisclosure_E076808C2D54DB0A8FC99311FC3DFB2B_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure_E076808C2D54DB0A8FC99311FC3DFB2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesFairValueDisclosure_E076808C2D54DB0A8FC99311FC3DFB2B_label_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure_E076808C2D54DB0A8FC99311FC3DFB2B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial and Nonfinancial Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosure_E076808C2D54DB0A8FC99311FC3DFB2B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DerivativeInstrumentsInHedgesAtFairValueNet_327F69E7E14554E7F1869311FC3D7620_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsInHedgesAtFairValueNet_327F69E7E14554E7F1869311FC3D7620" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative instruments at fair value, less than</link:label>
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    <link:label id="lab_coop_NonrecourseDebtMember_8DB3368A9947DDD0B3FB9311FD569301_terseLabel_en-US" xlink:label="lab_coop_NonrecourseDebtMember_8DB3368A9947DDD0B3FB9311FD569301" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nonrecourse debt&#8211;legacy assets</link:label>
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    <link:label id="lab_coop_ParticipatingInterestFinancingMember_84205EDCB59E3FA4D3219311FD5C4916_verboseLabel_en-US" xlink:label="lab_coop_ParticipatingInterestFinancingMember_84205EDCB59E3FA4D3219311FD5C4916" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Participating Interest Financing</link:label>
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    <link:label id="lab_coop_A201702HECMSecuritizationMember_CD2E4C7164CF70D609519311FD5C72EB_terseLabel_en-US" xlink:label="lab_coop_A201702HECMSecuritizationMember_CD2E4C7164CF70D609519311FD5C72EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trust 2017-2</link:label>
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    <link:label id="lab_coop_A201702HECMSecuritizationMember_CD2E4C7164CF70D609519311FD5C72EB_documentation_en-US" xlink:label="lab_coop_A201702HECMSecuritizationMember_CD2E4C7164CF70D609519311FD5C72EB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2017-02 HECM Securitization [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A201702HECMSecuritizationMember" xlink:label="loc_coop_A201702HECMSecuritizationMember_CD2E4C7164CF70D609519311FD5C72EB" xlink:type="locator" />
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    <link:label id="lab_coop_A201801HECMSecuritizationMember_51EAEB6E898F11F33A3B9311FD5C89B4_documentation_en-US" xlink:label="lab_coop_A201801HECMSecuritizationMember_51EAEB6E898F11F33A3B9311FD5C89B4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2018-01 HECM Securitization [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A201801HECMSecuritizationMember" xlink:label="loc_coop_A201801HECMSecuritizationMember_51EAEB6E898F11F33A3B9311FD5C89B4" xlink:type="locator" />
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    <link:label id="lab_coop_A201802HECMSecuritizationMember_E564BB2148762C42DB879311FD5E7FC8_terseLabel_en-US" xlink:label="lab_coop_A201802HECMSecuritizationMember_E564BB2148762C42DB879311FD5E7FC8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trust 2018-2</link:label>
    <link:label id="lab_coop_A201802HECMSecuritizationMember_E564BB2148762C42DB879311FD5E7FC8_label_en-US" xlink:label="lab_coop_A201802HECMSecuritizationMember_E564BB2148762C42DB879311FD5E7FC8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2018-02 HECM Securitization [Member]</link:label>
    <link:label id="lab_coop_A201802HECMSecuritizationMember_E564BB2148762C42DB879311FD5E7FC8_documentation_en-US" xlink:label="lab_coop_A201802HECMSecuritizationMember_E564BB2148762C42DB879311FD5E7FC8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2018-02 HECM Securitization [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A201802HECMSecuritizationMember" xlink:label="loc_coop_A201802HECMSecuritizationMember_E564BB2148762C42DB879311FD5E7FC8" xlink:type="locator" />
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    <link:label id="lab_coop_A201803HECMSecuritizationMember_08EF961B4A977ACEF6019311FD5EC6E0_terseLabel_en-US" xlink:label="lab_coop_A201803HECMSecuritizationMember_08EF961B4A977ACEF6019311FD5EC6E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trust 2018-3</link:label>
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    <link:label id="lab_coop_A201803HECMSecuritizationMember_08EF961B4A977ACEF6019311FD5EC6E0_documentation_en-US" xlink:label="lab_coop_A201803HECMSecuritizationMember_08EF961B4A977ACEF6019311FD5EC6E0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2018-03 HECM Securitization [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_A201803HECMSecuritizationMember" xlink:label="loc_coop_A201803HECMSecuritizationMember_08EF961B4A977ACEF6019311FD5EC6E0" xlink:type="locator" />
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    <link:label id="lab_coop_LegacyAssetMember_30136A55F019A0FB8E6F9311FD5E193E_terseLabel_en-US" xlink:label="lab_coop_LegacyAssetMember_30136A55F019A0FB8E6F9311FD5E193E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legacy Asset</link:label>
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    <link:loc xlink:href="coop-20190331.xsd#coop_LegacyAssetMember" xlink:label="loc_coop_LegacyAssetMember_30136A55F019A0FB8E6F9311FD5E193E" xlink:type="locator" />
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    <link:label id="lab_coop_OtherMember_6A53A699AADEF029035B9311FD5E61AA_documentation_en-US" xlink:label="lab_coop_OtherMember_6A53A699AADEF029035B9311FD5E61AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other [Member]</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_D99874AB5F93B7F168569311FD5FF12E_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_D99874AB5F93B7F168569311FD5FF12E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Securitized Amount</link:label>
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    <link:label id="lab_us-gaap_NonRecourseDebt_0968301832AED61B320A9311FD5F82EF_label_en-US" xlink:label="lab_us-gaap_NonRecourseDebt_0968301832AED61B320A9311FD5F82EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Recourse Debt</link:label>
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    <link:label id="lab_coop_ParticipatingInterestsinHMBSMember_AFC63EDB0A8CABEFA0329311FEDF214F_terseLabel_en-US" xlink:label="lab_coop_ParticipatingInterestsinHMBSMember_AFC63EDB0A8CABEFA0329311FEDF214F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participating Interests in HMBS</link:label>
    <link:label id="lab_coop_ParticipatingInterestsinHMBSMember_AFC63EDB0A8CABEFA0329311FEDF214F_label_en-US" xlink:label="lab_coop_ParticipatingInterestsinHMBSMember_AFC63EDB0A8CABEFA0329311FEDF214F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participating Interests in HMBS [Member]</link:label>
    <link:label id="lab_coop_ParticipatingInterestsinHMBSMember_AFC63EDB0A8CABEFA0329311FEDF214F_documentation_en-US" xlink:label="lab_coop_ParticipatingInterestsinHMBSMember_AFC63EDB0A8CABEFA0329311FEDF214F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Participating Interests in HMBS [Member]</link:label>
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    <link:label id="lab_us-gaap_GovernmentNationalMortgageAssociationGnmaInsuredLoansMember_19EB03D9B47F75A5B7CD9311FEE0BD61_terseLabel_en-US" xlink:label="lab_us-gaap_GovernmentNationalMortgageAssociationGnmaInsuredLoansMember_19EB03D9B47F75A5B7CD9311FEE0BD61" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">GNMA</link:label>
    <link:label id="lab_us-gaap_GovernmentNationalMortgageAssociationGnmaInsuredLoansMember_19EB03D9B47F75A5B7CD9311FEE0BD61_label_en-US" xlink:label="lab_us-gaap_GovernmentNationalMortgageAssociationGnmaInsuredLoansMember_19EB03D9B47F75A5B7CD9311FEE0BD61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government National Mortgage Association (GNMA) Insured Loans [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GovernmentNationalMortgageAssociationGnmaInsuredLoansMember" xlink:label="loc_us-gaap_GovernmentNationalMortgageAssociationGnmaInsuredLoansMember_19EB03D9B47F75A5B7CD9311FEE0BD61" xlink:type="locator" />
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    <link:label id="lab_coop_Trust20181andTrust20182Member_34840A31E3A194DD87239311FEE0EA27_terseLabel_en-US" xlink:label="lab_coop_Trust20181andTrust20182Member_34840A31E3A194DD87239311FEE0EA27" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trust 2018-1 and Trust 2018-2</link:label>
    <link:label id="lab_coop_Trust20181andTrust20182Member_34840A31E3A194DD87239311FEE0EA27_label_en-US" xlink:label="lab_coop_Trust20181andTrust20182Member_34840A31E3A194DD87239311FEE0EA27" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trust 2018-1 and Trust 2018-2 [Member]</link:label>
    <link:label id="lab_coop_Trust20181andTrust20182Member_34840A31E3A194DD87239311FEE0EA27_documentation_en-US" xlink:label="lab_coop_Trust20181andTrust20182Member_34840A31E3A194DD87239311FEE0EA27" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trust 2018-1 and Trust 2018-2 [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_Trust20181andTrust20182Member" xlink:label="loc_coop_Trust20181andTrust20182Member_34840A31E3A194DD87239311FEE0EA27" xlink:type="locator" />
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    <link:label id="lab_coop_Trust20162andTrust20163Member_AA81E4A1F85821C89CAD9311FEE1BCD7_terseLabel_en-US" xlink:label="lab_coop_Trust20162andTrust20163Member_AA81E4A1F85821C89CAD9311FEE1BCD7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trust 2016-2 and Trust 2016-3</link:label>
    <link:label id="lab_coop_Trust20162andTrust20163Member_AA81E4A1F85821C89CAD9311FEE1BCD7_label_en-US" xlink:label="lab_coop_Trust20162andTrust20163Member_AA81E4A1F85821C89CAD9311FEE1BCD7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trust 2016-2 and Trust 2016-3 [Member]</link:label>
    <link:label id="lab_coop_Trust20162andTrust20163Member_AA81E4A1F85821C89CAD9311FEE1BCD7_documentation_en-US" xlink:label="lab_coop_Trust20162andTrust20163Member_AA81E4A1F85821C89CAD9311FEE1BCD7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trust 2016-2 and Trust 2016-3 [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_Trust20162andTrust20163Member" xlink:label="loc_coop_Trust20162andTrust20163Member_AA81E4A1F85821C89CAD9311FEE1BCD7" xlink:type="locator" />
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    <link:label id="lab_coop_ReverseMortgageInterestsUnsecuritizedMember_D15DDBFAA06DEA10A1919311FEE17A63_terseLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestsUnsecuritizedMember_D15DDBFAA06DEA10A1919311FEE17A63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interests, Unsecuritized</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestsUnsecuritizedMember_D15DDBFAA06DEA10A1919311FEE17A63_label_en-US" xlink:label="lab_coop_ReverseMortgageInterestsUnsecuritizedMember_D15DDBFAA06DEA10A1919311FEE17A63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interests, Unsecuritized [Member]</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestsUnsecuritizedMember_D15DDBFAA06DEA10A1919311FEE17A63_documentation_en-US" xlink:label="lab_coop_ReverseMortgageInterestsUnsecuritizedMember_D15DDBFAA06DEA10A1919311FEE17A63" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interests, Unsecuritized [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestsUnsecuritizedMember" xlink:label="loc_coop_ReverseMortgageInterestsUnsecuritizedMember_D15DDBFAA06DEA10A1919311FEE17A63" xlink:type="locator" />
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    <link:label id="lab_coop_OtherInterestSecuritizedAndUnsecuritizedInterestsMember_D9D527C8B7476036D7669311FEE153BC_terseLabel_en-US" xlink:label="lab_coop_OtherInterestSecuritizedAndUnsecuritizedInterestsMember_D9D527C8B7476036D7669311FEE153BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Interest Securitized and Unsecuritized Interests</link:label>
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    <link:loc xlink:href="coop-20190331.xsd#coop_OtherInterestSecuritizedAndUnsecuritizedInterestsMember" xlink:label="loc_coop_OtherInterestSecuritizedAndUnsecuritizedInterestsMember_D9D527C8B7476036D7669311FEE153BC" xlink:type="locator" />
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    <link:label id="lab_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6_terseLabel_en-US" xlink:label="lab_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HECM</link:label>
    <link:label id="lab_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6_label_en-US" xlink:label="lab_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HECM [Member]</link:label>
    <link:label id="lab_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6_documentation_en-US" xlink:label="lab_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">HECM [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_HECMMember" xlink:label="loc_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6" xlink:to="lab_coop_HECMMember_0FAD97ACC3EBF885CFE19311FEE18DD6" xlink:type="arc" />
    <link:label id="lab_coop_UnsecuritizedHECMMember_3C4687D2E7F55B41A2D19311FEE28796_terseLabel_en-US" xlink:label="lab_coop_UnsecuritizedHECMMember_3C4687D2E7F55B41A2D19311FEE28796" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecuritized HECM</link:label>
    <link:label id="lab_coop_UnsecuritizedHECMMember_3C4687D2E7F55B41A2D19311FEE28796_label_en-US" xlink:label="lab_coop_UnsecuritizedHECMMember_3C4687D2E7F55B41A2D19311FEE28796" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecuritized HECM [Member]</link:label>
    <link:label id="lab_coop_UnsecuritizedHECMMember_3C4687D2E7F55B41A2D19311FEE28796_documentation_en-US" xlink:label="lab_coop_UnsecuritizedHECMMember_3C4687D2E7F55B41A2D19311FEE28796" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unsecuritized HECM [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_UnsecuritizedHECMMember" xlink:label="loc_coop_UnsecuritizedHECMMember_3C4687D2E7F55B41A2D19311FEE28796" xlink:type="locator" />
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    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E_terseLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UPB securitized</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E_label_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Securitized</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E_documentation_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Securitized</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized" xlink:label="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E" xlink:to="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSecuritized_C8ABC1359F9C4E7105FF9311FEE2069E" xlink:type="arc" />
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC_terseLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UPB sold</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC_label_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Sold</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC_documentation_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Sold</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold" xlink:label="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC" xlink:to="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalanceSold_09FFBDEDFAF09C56A5C09311FEE20DBC" xlink:type="arc" />
    <link:label id="lab_coop_ReverseMortgageInterestUnsecuritizedRepurchaseofHomeEquityConversionMortgages_8B1BF625D9D224991B3F9311FEE388A4_terseLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnsecuritizedRepurchaseofHomeEquityConversionMortgages_8B1BF625D9D224991B3F9311FEE388A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of HECM loans</link:label>
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    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnsecuritizedRepurchaseofHomeEquityConversionMortgages" xlink:label="loc_coop_ReverseMortgageInterestUnsecuritizedRepurchaseofHomeEquityConversionMortgages_8B1BF625D9D224991B3F9311FEE388A4" xlink:type="locator" />
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    <link:label id="lab_coop_UnsecuredSeniorNotesSixPointFivePercentDueJuly2022Member_5EF5A4026321626F45729311FB3F3EB5_verboseLabel_en-US" xlink:label="lab_coop_UnsecuredSeniorNotesSixPointFivePercentDueJuly2022Member_5EF5A4026321626F45729311FB3F3EB5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">6.500% interest rate payable semi-annually, due June 2022</link:label>
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    <link:label id="lab_us-gaap_LesseeLeaseDescriptionTable_6A115ACBC227B9DECDDC9311FE2AD3C1_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeLeaseDescriptionTable_6A115ACBC227B9DECDDC9311FE2AD3C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lessee, Lease, Description [Table]</link:label>
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    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward_57C3EC4D7D639DD9792B9311FEBB326F_terseLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward_57C3EC4D7D639DD9792B9311FEBB326F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase discounts for reverse mortgage interests</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward_57C3EC4D7D639DD9792B9311FEBB326F_label_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward_57C3EC4D7D639DD9792B9311FEBB326F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Purchase Discount Rollforward [Roll Forward]</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward_57C3EC4D7D639DD9792B9311FEBB326F_documentation_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward_57C3EC4D7D639DD9792B9311FEBB326F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Purchase Discount Rollforward [Roll Forward]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward" xlink:label="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountRollforwardRollForward_57C3EC4D7D639DD9792B9311FEBB326F" xlink:type="locator" />
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    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_F6C7CDF5EBE4EE5E6DDE9311FEBCE4AF_negatedPeriodStartLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_F6C7CDF5EBE4EE5E6DDE9311FEBCE4AF" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Balance - beginning of period</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount" xlink:label="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_F6C7CDF5EBE4EE5E6DDE9311FEBCE4AF" xlink:type="locator" />
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    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions_86FC415751109EA5FAD79311FEBC42B9_negatedTerseLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions_86FC415751109EA5FAD79311FEBC42B9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions_86FC415751109EA5FAD79311FEBC42B9_label_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions_86FC415751109EA5FAD79311FEBC42B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Purchase Discount, Additions</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions_86FC415751109EA5FAD79311FEBC42B9_documentation_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions_86FC415751109EA5FAD79311FEBC42B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Purchase Discount, Additions</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions" xlink:label="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAdditions_86FC415751109EA5FAD79311FEBC42B9" xlink:type="locator" />
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    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion_6AABCD5CADE264ADAC999311FEBC74CE_terseLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion_6AABCD5CADE264ADAC999311FEBC74CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accretion</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion_6AABCD5CADE264ADAC999311FEBC74CE_label_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion_6AABCD5CADE264ADAC999311FEBC74CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Purchase Discount, Accretion</link:label>
    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion_6AABCD5CADE264ADAC999311FEBC74CE_documentation_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion_6AABCD5CADE264ADAC999311FEBC74CE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Interest, Unpaid Principal Balance, Purchase Discount, Accretion</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion" xlink:label="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscountAccretion_6AABCD5CADE264ADAC999311FEBC74CE" xlink:type="locator" />
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    <link:label id="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_21C470A070258DD671B59311FEBC43E0_negatedPeriodEndLabel_en-US" xlink:label="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_21C470A070258DD671B59311FEBC43E0" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Balance - end of period</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount" xlink:label="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_21C470A070258DD671B59311FEBC43E0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_21C470A070258DD671B59311FEBC43E0" xlink:to="lab_coop_ReverseMortgageInterestUnpaidPrincipalBalancePurchaseDiscount_21C470A070258DD671B59311FEBC43E0" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueTable_658604A90B45D610DD979311FE5B0ABB_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueTable_658604A90B45D610DD979311FE5B0ABB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reverse funded loan advances [Table]</link:label>
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueTable_658604A90B45D610DD979311FE5B0ABB_label_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueTable_658604A90B45D610DD979311FE5B0ABB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Servicing Assets at Fair Value [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ServicingAssetsAtFairValueTable" xlink:label="loc_us-gaap_ServicingAssetsAtFairValueTable_658604A90B45D610DD979311FE5B0ABB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetsAtFairValueTable_658604A90B45D610DD979311FE5B0ABB" xlink:to="lab_us-gaap_ServicingAssetsAtFairValueTable_658604A90B45D610DD979311FE5B0ABB" xlink:type="arc" />
    <link:label id="lab_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774_terseLabel_en-US" xlink:label="lab_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ginnie Mae Loans</link:label>
    <link:label id="lab_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774_label_en-US" xlink:label="lab_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ginnie Mae HECM [Member]</link:label>
    <link:label id="lab_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774_documentation_en-US" xlink:label="lab_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ginnie Mae HECM [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_GinnieMaeHECMMember" xlink:label="loc_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774" xlink:to="lab_coop_GinnieMaeHECMMember_8792D955E6FA43717E599311FE5E4774" xlink:type="arc" />
    <link:label id="lab_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910_terseLabel_en-US" xlink:label="lab_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Assets at Fair Value [Line Items]</link:label>
    <link:label id="lab_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910_label_en-US" xlink:label="lab_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Assets [Line Items]</link:label>
    <link:label id="lab_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910_documentation_en-US" xlink:label="lab_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Assets [Line Items]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ServicingAssetsLineItems" xlink:label="loc_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910" xlink:to="lab_coop_ServicingAssetsLineItems_D2DEA97F3BCD9A4D15C79311FE5E3910" xlink:type="arc" />
    <link:label id="lab_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D_terseLabel_en-US" xlink:label="lab_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Delinquent loans acquired</link:label>
    <link:label id="lab_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D_label_en-US" xlink:label="lab_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held for Sale, Delinquent Loans Acquired</link:label>
    <link:label id="lab_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D_documentation_en-US" xlink:label="lab_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held for Sale, Delinquent Loans Acquired</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageLoansHeldforSaleDelinquentLoansAcquired" xlink:label="loc_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D" xlink:to="lab_coop_MortgageLoansHeldforSaleDelinquentLoansAcquired_8BA008B4AE848642D6D89311FE5E8B5D" xlink:type="arc" />
    <link:label id="lab_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F_terseLabel_en-US" xlink:label="lab_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Delinquent loans securitized or sold</link:label>
    <link:label id="lab_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F_label_en-US" xlink:label="lab_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held for Sale, Delinquent Loans Securitized or Sold</link:label>
    <link:label id="lab_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F_documentation_en-US" xlink:label="lab_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held for Sale, Delinquent Loans Securitized or Sold</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold" xlink:label="loc_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F" xlink:to="lab_coop_MortgageLoansHeldforSaleDelinquentLoansSecuritizedorSold_BFA1864820709B1D4C769311FE5F997F" xlink:type="arc" />
    <link:label id="lab_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839_terseLabel_en-US" xlink:label="lab_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchased loans that have re-performed</link:label>
    <link:label id="lab_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839_label_en-US" xlink:label="lab_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held for Sale, Purchased Loans that have Re-performed</link:label>
    <link:label id="lab_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839_documentation_en-US" xlink:label="lab_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Loans Held for Sale, Purchased Loans that have Re-performed</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed" xlink:label="loc_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839" xlink:to="lab_coop_MortgageLoansHeldforSalePurchasedLoansthathaveReperformed_394CAFD7440C25432E619311FE5FE839" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansInProcessOfForeclosureAmount_73779C388B119EBEC40E9311FE5F5EBE_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansInProcessOfForeclosureAmount_73779C388B119EBEC40E9311FE5F5EBE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans held for sale in foreclosure</link:label>
    <link:label id="lab_us-gaap_MortgageLoansInProcessOfForeclosureAmount_73779C388B119EBEC40E9311FE5F5EBE_label_en-US" xlink:label="lab_us-gaap_MortgageLoansInProcessOfForeclosureAmount_73779C388B119EBEC40E9311FE5F5EBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans in Process of Foreclosure, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MortgageLoansInProcessOfForeclosureAmount" xlink:label="loc_us-gaap_MortgageLoansInProcessOfForeclosureAmount_73779C388B119EBEC40E9311FE5F5EBE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansInProcessOfForeclosureAmount_73779C388B119EBEC40E9311FE5F5EBE" xlink:to="lab_us-gaap_MortgageLoansInProcessOfForeclosureAmount_73779C388B119EBEC40E9311FE5F5EBE" xlink:type="arc" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_4C0DE9B9F6DF153EB3D09312016B8D0B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_4C0DE9B9F6DF153EB3D09312016B8D0B" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_4C0DE9B9F6DF153EB3D09312016B8D0B" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedCash_275FFAFF5108CBECE5809312016BAAF0_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCash_275FFAFF5108CBECE5809312016BAAF0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_us-gaap_RestrictedCash_275FFAFF5108CBECE5809312016BAAF0_label_en-US" xlink:label="lab_us-gaap_RestrictedCash_275FFAFF5108CBECE5809312016BAAF0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RestrictedCash" xlink:label="loc_us-gaap_RestrictedCash_275FFAFF5108CBECE5809312016BAAF0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCash_275FFAFF5108CBECE5809312016BAAF0" xlink:to="lab_us-gaap_RestrictedCash_275FFAFF5108CBECE5809312016BAAF0" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAsset_526B62D20D2FE16206979312016B6927_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset_526B62D20D2FE16206979312016B6927" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, $3,481 and $3,665 at fair value, respectively</link:label>
    <link:label id="lab_us-gaap_ServicingAsset_526B62D20D2FE16206979312016B6927_label_en-US" xlink:label="lab_us-gaap_ServicingAsset_526B62D20D2FE16206979312016B6927" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ServicingAsset" xlink:label="loc_us-gaap_ServicingAsset_526B62D20D2FE16206979312016B6927" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAsset_526B62D20D2FE16206979312016B6927" xlink:to="lab_us-gaap_ServicingAsset_526B62D20D2FE16206979312016B6927" xlink:type="arc" />
    <link:label id="lab_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3_terseLabel_en-US" xlink:label="lab_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances and other receivables, net of reserves of $71 and $47, respectively</link:label>
    <link:label id="lab_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3_label_en-US" xlink:label="lab_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances and Other Receivables, Net</link:label>
    <link:label id="lab_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3_documentation_en-US" xlink:label="lab_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances and Other Receivables, Net</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_AdvancesandOtherReceivablesNet" xlink:label="loc_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3" xlink:to="lab_coop_AdvancesandOtherReceivablesNet_1DE474167C1A988485C49312016CB6C3" xlink:type="arc" />
    <link:label id="lab_coop_ReverseFundedLoanAdvances_EE148D1FC11DB52D9D319312016C1C3E_terseLabel_en-US" xlink:label="lab_coop_ReverseFundedLoanAdvances_EE148D1FC11DB52D9D319312016C1C3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reverse mortgage interests, net of reserves of $8 and $13, respectively</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseFundedLoanAdvances" xlink:label="loc_coop_ReverseFundedLoanAdvances_EE148D1FC11DB52D9D319312016C1C3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_ReverseFundedLoanAdvances_EE148D1FC11DB52D9D319312016C1C3E" xlink:to="lab_coop_ReverseFundedLoanAdvances_EE148D1FC11DB52D9D319312016C1C3E" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_6AFE140A2971B781B9029312016C42FF_verboseLabel_en-US" xlink:label="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_6AFE140A2971B781B9029312016C42FF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans held for sale at fair value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MortgagesHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_MortgagesHeldForSaleFairValueDisclosure_6AFE140A2971B781B9029312016C42FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgagesHeldForSaleFairValueDisclosure_6AFE140A2971B781B9029312016C42FF" xlink:to="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_6AFE140A2971B781B9029312016C42FF" xlink:type="arc" />
    <link:label id="lab_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_F62D309B5ADD4CCB0D7A9312016C59F9_verboseLabel_en-US" xlink:label="lab_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_F62D309B5ADD4CCB0D7A9312016C59F9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans held for investment at fair value</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet" xlink:label="loc_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_F62D309B5ADD4CCB0D7A9312016C59F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_F62D309B5ADD4CCB0D7A9312016C59F9" xlink:to="lab_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_F62D309B5ADD4CCB0D7A9312016C59F9" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_469C6346916047C5B8E19312016DEB1E_verboseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_469C6346916047C5B8E19312016DEB1E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Property and equipment, net of accumulated depreciation of $27 and $16, respectively</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_469C6346916047C5B8E19312016DEB1E_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_469C6346916047C5B8E19312016DEB1E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_469C6346916047C5B8E19312016DEB1E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_469C6346916047C5B8E19312016DEB1E" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_469C6346916047C5B8E19312016DEB1E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredTaxAssetsLiabilitiesNet_3B9A0FAB7DBB35A2C56E9312016D7D97_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsLiabilitiesNet_3B9A0FAB7DBB35A2C56E9312016D7D97" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax asset, net</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsLiabilitiesNet_3B9A0FAB7DBB35A2C56E9312016D7D97_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsLiabilitiesNet_3B9A0FAB7DBB35A2C56E9312016D7D97" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="loc_us-gaap_DeferredTaxAssetsLiabilitiesNet_3B9A0FAB7DBB35A2C56E9312016D7D97" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsLiabilitiesNet_3B9A0FAB7DBB35A2C56E9312016D7D97" xlink:to="lab_us-gaap_DeferredTaxAssetsLiabilitiesNet_3B9A0FAB7DBB35A2C56E9312016D7D97" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_AB3861342B5D91ECB09E9312016D7854_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_AB3861342B5D91ECB09E9312016D7854" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_OtherAssets_AB3861342B5D91ECB09E9312016D7854_label_en-US" xlink:label="lab_us-gaap_OtherAssets_AB3861342B5D91ECB09E9312016D7854" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_AB3861342B5D91ECB09E9312016D7854" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_AB3861342B5D91ECB09E9312016D7854" xlink:to="lab_us-gaap_OtherAssets_AB3861342B5D91ECB09E9312016D7854" xlink:type="arc" />
    <link:label id="lab_us-gaap_Assets_3BFDAC5CE8A4926628F29312016DE1BB_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_3BFDAC5CE8A4926628F29312016DE1BB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_3BFDAC5CE8A4926628F29312016DE1BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_3BFDAC5CE8A4926628F29312016DE1BB" xlink:to="lab_us-gaap_Assets_3BFDAC5CE8A4926628F29312016DE1BB" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_459084997A304C7B8B899312016DB975_verboseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_459084997A304C7B8B899312016DB975" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and Stockholders&#8217; Equity</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_459084997A304C7B8B899312016DB975_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_459084997A304C7B8B899312016DB975" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_459084997A304C7B8B899312016DB975" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_459084997A304C7B8B899312016DB975" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_459084997A304C7B8B899312016DB975" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnsecuredDebt_D7D6C794079ECABEC5739312016D4479_verboseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebt_D7D6C794079ECABEC5739312016D4479" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unsecured senior notes, net</link:label>
    <link:label id="lab_us-gaap_UnsecuredDebt_D7D6C794079ECABEC5739312016D4479_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebt_D7D6C794079ECABEC5739312016D4479" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_UnsecuredDebt" xlink:label="loc_us-gaap_UnsecuredDebt_D7D6C794079ECABEC5739312016D4479" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredDebt_D7D6C794079ECABEC5739312016D4479" xlink:to="lab_us-gaap_UnsecuredDebt_D7D6C794079ECABEC5739312016D4479" xlink:type="arc" />
    <link:label id="lab_us-gaap_SecuredDebt_8268B0D9482CB20052319312016E7D96_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebt_8268B0D9482CB20052319312016E7D96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance facilities, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SecuredDebt" xlink:label="loc_us-gaap_SecuredDebt_8268B0D9482CB20052319312016E7D96" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebt_8268B0D9482CB20052319312016E7D96" xlink:to="lab_us-gaap_SecuredDebt_8268B0D9482CB20052319312016E7D96" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesPayableFairValueDisclosure_BAFDDFCFA7D2CC24091C9312016EDDA1_terseLabel_en-US" xlink:label="lab_us-gaap_NotesPayableFairValueDisclosure_BAFDDFCFA7D2CC24091C9312016EDDA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warehouse facilities, net</link:label>
    <link:label id="lab_us-gaap_NotesPayableFairValueDisclosure_BAFDDFCFA7D2CC24091C9312016EDDA1_label_en-US" xlink:label="lab_us-gaap_NotesPayableFairValueDisclosure_BAFDDFCFA7D2CC24091C9312016EDDA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="loc_us-gaap_NotesPayableFairValueDisclosure_BAFDDFCFA7D2CC24091C9312016EDDA1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesPayableFairValueDisclosure_BAFDDFCFA7D2CC24091C9312016EDDA1" xlink:to="lab_us-gaap_NotesPayableFairValueDisclosure_BAFDDFCFA7D2CC24091C9312016EDDA1" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FAC89C861F72DC9E715C9312016E43A0_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FAC89C861F72DC9E715C9312016E43A0" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Payables and other liabilities</link:label>
    <link:label id="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FAC89C861F72DC9E715C9312016E43A0_label_en-US" xlink:label="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FAC89C861F72DC9E715C9312016E43A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable and Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FAC89C861F72DC9E715C9312016E43A0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FAC89C861F72DC9E715C9312016E43A0" xlink:to="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_FAC89C861F72DC9E715C9312016E43A0" xlink:type="arc" />
    <link:label id="lab_coop_MortgageServingRightsLiabilitycarriedatfairvalue_0A56F73D7E5F0ADD847C9312016EF501_terseLabel_en-US" xlink:label="lab_coop_MortgageServingRightsLiabilitycarriedatfairvalue_0A56F73D7E5F0ADD847C9312016EF501" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSR related liabilities - nonrecourse at fair value</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValue_BD7712320855B91D3559931200674D9E_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValue_BD7712320855B91D3559931200674D9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing right at amortized cost</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValue_BD7712320855B91D3559931200674D9E_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValue_BD7712320855B91D3559931200674D9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValue" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValue_BD7712320855B91D3559931200674D9E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtAmortizedValue_BD7712320855B91D3559931200674D9E" xlink:to="lab_us-gaap_ServicingAssetAtAmortizedValue_BD7712320855B91D3559931200674D9E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAsset_3D0E26117685E4B268CE931200672BD1_totalLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset_3D0E26117685E4B268CE931200672BD1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights - fair value and amortized cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ServicingAsset" xlink:label="loc_us-gaap_ServicingAsset_3D0E26117685E4B268CE931200672BD1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ServicingLiabilityAtAmortizedValueBalance_318228A817860001464C931200675D0E_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtAmortizedValueBalance_318228A817860001464C931200675D0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing liabilities - amortized cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ServicingLiabilityAtAmortizedValueBalance" xlink:label="loc_us-gaap_ServicingLiabilityAtAmortizedValueBalance_318228A817860001464C931200675D0E" xlink:type="locator" />
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    <link:label id="lab_coop_ExcessSpreadFinancingFairValueDisclosure_B9A20D9BD3FE077BA51C931200673CD6_netLabel_en-US" xlink:label="lab_coop_ExcessSpreadFinancingFairValueDisclosure_B9A20D9BD3FE077BA51C931200673CD6" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Excess spread financing - fair value</link:label>
    <link:label id="lab_coop_ExcessSpreadFinancingFairValueDisclosure_B9A20D9BD3FE077BA51C931200673CD6_label_en-US" xlink:label="lab_coop_ExcessSpreadFinancingFairValueDisclosure_B9A20D9BD3FE077BA51C931200673CD6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Excess Spread Financing, Fair Value Disclosure</link:label>
    <link:label id="lab_coop_ExcessSpreadFinancingFairValueDisclosure_B9A20D9BD3FE077BA51C931200673CD6_documentation_en-US" xlink:label="lab_coop_ExcessSpreadFinancingFairValueDisclosure_B9A20D9BD3FE077BA51C931200673CD6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Excess Spread Financing, Fair Value Disclosure</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ExcessSpreadFinancingFairValueDisclosure" xlink:label="loc_coop_ExcessSpreadFinancingFairValueDisclosure_B9A20D9BD3FE077BA51C931200673CD6" xlink:type="locator" />
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    <link:label id="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_5F28A017EF8A8F755542931200672E5C_terseLabel_en-US" xlink:label="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_5F28A017EF8A8F755542931200672E5C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights financing - fair value</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale" xlink:label="loc_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_5F28A017EF8A8F755542931200672E5C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_5F28A017EF8A8F755542931200672E5C" xlink:to="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_5F28A017EF8A8F755542931200672E5C" xlink:type="arc" />
    <link:label id="lab_coop_MortgageServingRightsLiabilitycarriedatfairvalue_BEE9E7CF4E5A165033B2931200677CB2_totalLabel_en-US" xlink:label="lab_coop_MortgageServingRightsLiabilitycarriedatfairvalue_BEE9E7CF4E5A165033B2931200677CB2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">MSR related liabilities - nonrecourse at fair value</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageServingRightsLiabilitycarriedatfairvalue" xlink:label="loc_coop_MortgageServingRightsLiabilitycarriedatfairvalue_BEE9E7CF4E5A165033B2931200677CB2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_MortgageServingRightsLiabilitycarriedatfairvalue_BEE9E7CF4E5A165033B2931200677CB2" xlink:to="lab_coop_MortgageServingRightsLiabilitycarriedatfairvalue_BEE9E7CF4E5A165033B2931200677CB2" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract_31AA92C621B85F09779B9311FE177730_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract_31AA92C621B85F09779B9311FE177730" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Leases</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract_31AA92C621B85F09779B9311FE177730_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract_31AA92C621B85F09779B9311FE177730" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease Liabilities, Payments Due [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract" xlink:label="loc_us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract_31AA92C621B85F09779B9311FE177730" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract_31AA92C621B85F09779B9311FE177730" xlink:to="lab_us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract_31AA92C621B85F09779B9311FE177730" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_E58CD0E9B6EF305625629311FE17139C_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_E58CD0E9B6EF305625629311FE17139C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_E58CD0E9B6EF305625629311FE17139C_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_E58CD0E9B6EF305625629311FE17139C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_E58CD0E9B6EF305625629311FE17139C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_E58CD0E9B6EF305625629311FE17139C" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_E58CD0E9B6EF305625629311FE17139C" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_658E066763D8965196E69311FE183EA0_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_658E066763D8965196E69311FE183EA0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_658E066763D8965196E69311FE183EA0_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_658E066763D8965196E69311FE183EA0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Payments, Due Year Two</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_658E066763D8965196E69311FE183EA0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_658E066763D8965196E69311FE183EA0" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_658E066763D8965196E69311FE183EA0" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_A6ED8A3049470221D6C49311FE180EDB_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_A6ED8A3049470221D6C49311FE180EDB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_A6ED8A3049470221D6C49311FE180EDB_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_A6ED8A3049470221D6C49311FE180EDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Payments, Due Year Three</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_A6ED8A3049470221D6C49311FE180EDB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_A6ED8A3049470221D6C49311FE180EDB" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_A6ED8A3049470221D6C49311FE180EDB" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_C28708542C50FD57503A9311FE1838A5_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_C28708542C50FD57503A9311FE1838A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2022</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_C28708542C50FD57503A9311FE1838A5_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_C28708542C50FD57503A9311FE1838A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Payments, Due Year Four</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_C28708542C50FD57503A9311FE1838A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_C28708542C50FD57503A9311FE1838A5" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour_C28708542C50FD57503A9311FE1838A5" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_F3218A786B12A68B896E9311FE188BCC_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_F3218A786B12A68B896E9311FE188BCC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2023</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_F3218A786B12A68B896E9311FE188BCC_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_F3218A786B12A68B896E9311FE188BCC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Payments, Due Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_F3218A786B12A68B896E9311FE188BCC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_F3218A786B12A68B896E9311FE188BCC" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive_F3218A786B12A68B896E9311FE188BCC" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_94ACA7C69AC59CE256069311FE194E87_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_94ACA7C69AC59CE256069311FE194E87" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2024 and thereafter</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_94ACA7C69AC59CE256069311FE194E87_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_94ACA7C69AC59CE256069311FE194E87" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Payments, Due after Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_94ACA7C69AC59CE256069311FE194E87" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_94ACA7C69AC59CE256069311FE194E87" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_94ACA7C69AC59CE256069311FE194E87" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6D7C4D9A4070E720952C9311FE19705D_totalLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6D7C4D9A4070E720952C9311FE19705D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total minimum lease payments</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6D7C4D9A4070E720952C9311FE19705D_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6D7C4D9A4070E720952C9311FE19705D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Payments, Due</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6D7C4D9A4070E720952C9311FE19705D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6D7C4D9A4070E720952C9311FE19705D" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_6D7C4D9A4070E720952C9311FE19705D" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_0E5D17BBE51107773C909311FE1919CA_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_0E5D17BBE51107773C909311FE1919CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: imputed interest</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_0E5D17BBE51107773C909311FE1919CA_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_0E5D17BBE51107773C909311FE1919CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Undiscounted Excess Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_0E5D17BBE51107773C909311FE1919CA" xlink:type="locator" />
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    <link:label id="lab_coop_NonrecourseDebtMember_A824AC9FCD89C925ADE29311FCF0D48A_verboseLabel_en-US" xlink:label="lab_coop_NonrecourseDebtMember_A824AC9FCD89C925ADE29311FCF0D48A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other nonrecourse debt</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_NonrecourseDebtMember_A824AC9FCD89C925ADE29311FCF0D48A" xlink:to="lab_coop_NonrecourseDebtMember_A824AC9FCD89C925ADE29311FCF0D48A" xlink:type="arc" />
    <link:label id="lab_us-gaap_BalanceSheetLocationAxis_D82429BC4AC9619DAEAE9311FCF0CC0A_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis_D82429BC4AC9619DAEAE9311FCF0CC0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:label id="lab_us-gaap_BalanceSheetLocationAxis_D82429BC4AC9619DAEAE9311FCF0CC0A_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis_D82429BC4AC9619DAEAE9311FCF0CC0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_D82429BC4AC9619DAEAE9311FCF0CC0A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_D82429BC4AC9619DAEAE9311FCF0CC0A" xlink:to="lab_us-gaap_BalanceSheetLocationAxis_D82429BC4AC9619DAEAE9311FCF0CC0A" xlink:type="arc" />
    <link:label id="lab_us-gaap_BalanceSheetLocationDomain_7EF5CDF4B6004E2467049311FCF15A15_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain_7EF5CDF4B6004E2467049311FCF15A15" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</link:label>
    <link:label id="lab_us-gaap_BalanceSheetLocationDomain_7EF5CDF4B6004E2467049311FCF15A15_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain_7EF5CDF4B6004E2467049311FCF15A15" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_7EF5CDF4B6004E2467049311FCF15A15" xlink:type="locator" />
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    <link:label id="lab_coop_RestrictedCashMember_E3A136192F25930CD0929311FCF1493D_terseLabel_en-US" xlink:label="lab_coop_RestrictedCashMember_E3A136192F25930CD0929311FCF1493D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_coop_RestrictedCashMember_E3A136192F25930CD0929311FCF1493D_label_en-US" xlink:label="lab_coop_RestrictedCashMember_E3A136192F25930CD0929311FCF1493D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash [Member]</link:label>
    <link:label id="lab_coop_RestrictedCashMember_E3A136192F25930CD0929311FCF1493D_documentation_en-US" xlink:label="lab_coop_RestrictedCashMember_E3A136192F25930CD0929311FCF1493D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restricted Cash [Member]</link:label>
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    <link:label id="lab_us-gaap_AccountsReceivableMember_742155D989176A349ED69311FCF18A0C_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableMember_742155D989176A349ED69311FCF18A0C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Advances and other receivables, net</link:label>
    <link:label id="lab_us-gaap_AccountsReceivableMember_742155D989176A349ED69311FCF18A0C_label_en-US" xlink:label="lab_us-gaap_AccountsReceivableMember_742155D989176A349ED69311FCF18A0C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsReceivableMember" xlink:label="loc_us-gaap_AccountsReceivableMember_742155D989176A349ED69311FCF18A0C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsReceivableMember_742155D989176A349ED69311FCF18A0C" xlink:to="lab_us-gaap_AccountsReceivableMember_742155D989176A349ED69311FCF18A0C" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssetsMember_7918D064803BBA2C73DD9311FCF2E606_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsMember_7918D064803BBA2C73DD9311FCF2E606" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_us-gaap_OtherAssetsMember_7918D064803BBA2C73DD9311FCF2E606_label_en-US" xlink:label="lab_us-gaap_OtherAssetsMember_7918D064803BBA2C73DD9311FCF2E606" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="loc_us-gaap_OtherAssetsMember_7918D064803BBA2C73DD9311FCF2E606" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsMember_7918D064803BBA2C73DD9311FCF2E606" xlink:to="lab_us-gaap_OtherAssetsMember_7918D064803BBA2C73DD9311FCF2E606" xlink:type="arc" />
    <link:label id="lab_coop_NotesPayableMember_C90FC76E44DC1703EFD39311FCF210C6_terseLabel_en-US" xlink:label="lab_coop_NotesPayableMember_C90FC76E44DC1703EFD39311FCF210C6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance facilities</link:label>
    <link:label id="lab_coop_NotesPayableMember_C90FC76E44DC1703EFD39311FCF210C6_label_en-US" xlink:label="lab_coop_NotesPayableMember_C90FC76E44DC1703EFD39311FCF210C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable [Member]</link:label>
    <link:label id="lab_coop_NotesPayableMember_C90FC76E44DC1703EFD39311FCF210C6_documentation_en-US" xlink:label="lab_coop_NotesPayableMember_C90FC76E44DC1703EFD39311FCF210C6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes Payable [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_NotesPayableMember" xlink:label="loc_coop_NotesPayableMember_C90FC76E44DC1703EFD39311FCF210C6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_3CDB180ED5A28CE5C66A9311FCF3F0A5_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_3CDB180ED5A28CE5C66A9311FCF3F0A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payables and other liabilities</link:label>
    <link:label id="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_3CDB180ED5A28CE5C66A9311FCF3F0A5_label_en-US" xlink:label="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_3CDB180ED5A28CE5C66A9311FCF3F0A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable and Accrued Liabilities [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesMember" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_3CDB180ED5A28CE5C66A9311FCF3F0A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_3CDB180ED5A28CE5C66A9311FCF3F0A5" xlink:to="lab_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_3CDB180ED5A28CE5C66A9311FCF3F0A5" xlink:type="arc" />
    <link:label id="lab_coop_ParticipatingInterestFinancingMember_EBCE6066227015C55E519311FCF39C40_terseLabel_en-US" xlink:label="lab_coop_ParticipatingInterestFinancingMember_EBCE6066227015C55E519311FCF39C40" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participating interest financing</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ParticipatingInterestFinancingMember" xlink:label="loc_coop_ParticipatingInterestFinancingMember_EBCE6066227015C55E519311FCF39C40" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_coop_ParticipatingInterestFinancingMember_EBCE6066227015C55E519311FCF39C40" xlink:to="lab_coop_ParticipatingInterestFinancingMember_EBCE6066227015C55E519311FCF39C40" xlink:type="arc" />
    <link:label id="lab_coop_OtherNonRecourseDebtMember_8E8119332E679699A69A9311FCF39CA3_terseLabel_en-US" xlink:label="lab_coop_OtherNonRecourseDebtMember_8E8119332E679699A69A9311FCF39CA3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other non-recourse debt</link:label>
    <link:label id="lab_coop_OtherNonRecourseDebtMember_8E8119332E679699A69A9311FCF39CA3_label_en-US" xlink:label="lab_coop_OtherNonRecourseDebtMember_8E8119332E679699A69A9311FCF39CA3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Non-Recourse Debt [Member]</link:label>
    <link:label id="lab_coop_OtherNonRecourseDebtMember_8E8119332E679699A69A9311FCF39CA3_documentation_en-US" xlink:label="lab_coop_OtherNonRecourseDebtMember_8E8119332E679699A69A9311FCF39CA3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Non-Recourse Debt</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_OtherNonRecourseDebtMember" xlink:label="loc_coop_OtherNonRecourseDebtMember_8E8119332E679699A69A9311FCF39CA3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems_2E3E476DCF3E0819F78B9311FCF365A4_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems_2E3E476DCF3E0819F78B9311FCF365A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems" xlink:label="loc_us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems_2E3E476DCF3E0819F78B9311FCF365A4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems_2E3E476DCF3E0819F78B9311FCF365A4" xlink:to="lab_us-gaap_AssetsAndAssociatedLiabilitiesOfTransfersAccountedForAsSecuredBorrowingsLineItems_2E3E476DCF3E0819F78B9311FCF365A4" xlink:type="arc" />
    <link:label id="lab_coop_NumberOfVariableInterestEntities_05AF559AE42AA12977F59311FCF3EC77_terseLabel_en-US" xlink:label="lab_coop_NumberOfVariableInterestEntities_05AF559AE42AA12977F59311FCF3EC77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of SPEs</link:label>
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    <link:label id="lab_coop_NumberOfVariableInterestEntities_05AF559AE42AA12977F59311FCF3EC77_documentation_en-US" xlink:label="lab_coop_NumberOfVariableInterestEntities_05AF559AE42AA12977F59311FCF3EC77" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Variable Interest Entities</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_NumberOfVariableInterestEntities" xlink:label="loc_coop_NumberOfVariableInterestEntities_05AF559AE42AA12977F59311FCF3EC77" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_E62735B24FE7248955F59311FCF3E444_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_E62735B24FE7248955F59311FCF3E444" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_E62735B24FE7248955F59311FCF3E444" xlink:type="locator" />
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    <link:label id="lab_coop_ReverseSecuredBorrowingsAssetsCarryingAmount_15FBFB145407671AE16B9311FCF43625_terseLabel_en-US" xlink:label="lab_coop_ReverseSecuredBorrowingsAssetsCarryingAmount_15FBFB145407671AE16B9311FCF43625" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reverse Secured Borrowings, Assets, Carrying Amount</link:label>
    <link:label id="lab_coop_ReverseSecuredBorrowingsAssetsCarryingAmount_15FBFB145407671AE16B9311FCF43625_label_en-US" xlink:label="lab_coop_ReverseSecuredBorrowingsAssetsCarryingAmount_15FBFB145407671AE16B9311FCF43625" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse Secured Borrowings, Assets, Carrying Amount</link:label>
    <link:label id="lab_coop_ReverseSecuredBorrowingsAssetsCarryingAmount_15FBFB145407671AE16B9311FCF43625_documentation_en-US" xlink:label="lab_coop_ReverseSecuredBorrowingsAssetsCarryingAmount_15FBFB145407671AE16B9311FCF43625" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse Secured Borrowings, Assets, Carrying Amount</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ReverseSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_coop_ReverseSecuredBorrowingsAssetsCarryingAmount_15FBFB145407671AE16B9311FCF43625" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_6816C782406E42DC696F9311FBE457C8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_918F461778E510580BF29311FBE5FBC0_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_918F461778E510580BF29311FBE5FBC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_918F461778E510580BF29311FBE5FBC0_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_918F461778E510580BF29311FBE5FBC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_918F461778E510580BF29311FBE5FBC0" xlink:type="locator" />
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    <link:label id="lab_coop_ServicesAdvancesNetFairValueDisclosure_CBAD3747B3A2FCC851129311FBE5B028_terseLabel_en-US" xlink:label="lab_coop_ServicesAdvancesNetFairValueDisclosure_CBAD3747B3A2FCC851129311FBE5B028" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances and other receivables, net</link:label>
    <link:label id="lab_coop_ServicesAdvancesNetFairValueDisclosure_CBAD3747B3A2FCC851129311FBE5B028_label_en-US" xlink:label="lab_coop_ServicesAdvancesNetFairValueDisclosure_CBAD3747B3A2FCC851129311FBE5B028" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Services Advances, Net, Fair Value Disclosure</link:label>
    <link:label id="lab_coop_ServicesAdvancesNetFairValueDisclosure_CBAD3747B3A2FCC851129311FBE5B028_documentation_en-US" xlink:label="lab_coop_ServicesAdvancesNetFairValueDisclosure_CBAD3747B3A2FCC851129311FBE5B028" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Services Advances, Net, Fair Value Disclosure</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ServicesAdvancesNetFairValueDisclosure" xlink:label="loc_coop_ServicesAdvancesNetFairValueDisclosure_CBAD3747B3A2FCC851129311FBE5B028" xlink:type="locator" />
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    <link:label id="lab_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_80DABD27D7A3AA5D96729311FBE677AB_netLabel_en-US" xlink:label="lab_coop_MortgageLoansHeldForInvestmentSubjectToNonrecourseDebtLegacyAssetsNet_80DABD27D7A3AA5D96729311FBE677AB" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Mortgage loans held for investment, net</link:label>
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    <link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_FD61E8B80611664375189311FBE6C023_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_FD61E8B80611664375189311FBE6C023" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
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    <link:label id="lab_us-gaap_UnsecuredDebt_75EEDCF050E36C91D4669311FBE63181_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebt_75EEDCF050E36C91D4669311FBE63181" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured senior notes</link:label>
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    <link:label id="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_2A1DB40B32024EE34EB59311FBE7DA67_netLabel_en-US" xlink:label="lab_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_2A1DB40B32024EE34EB59311FBE7DA67" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights financing liability</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale" xlink:label="loc_coop_MortgageServicingRightsLiabilityResultingfromSaleofServicerAdvancesRightsnotAccountedforasaSale_2A1DB40B32024EE34EB59311FBE7DA67" xlink:type="locator" />
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    <link:label id="lab_coop_ExcessSpreadFinancingFairValueDisclosure_85A10058508A6C86851A9311FBE7C0DF_terseLabel_en-US" xlink:label="lab_coop_ExcessSpreadFinancingFairValueDisclosure_85A10058508A6C86851A9311FBE7C0DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Excess spread financing</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_ExcessSpreadFinancingFairValueDisclosure" xlink:label="loc_coop_ExcessSpreadFinancingFairValueDisclosure_85A10058508A6C86851A9311FBE7C0DF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DerivativeLiabilities_67AEE5115278F6E911F79311FBE7FFB8_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_67AEE5115278F6E911F79311FBE7FFB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability</link:label>
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    <link:label id="lab_us-gaap_NonRecourseDebt_E57C45304B1C2C50777A9311FBE8B73B_netLabel_en-US" xlink:label="lab_us-gaap_NonRecourseDebt_E57C45304B1C2C50777A9311FBE8B73B" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Other nonrecourse debt</link:label>
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    <link:label id="lab_us-gaap_SecuredDebtMember_FF194D96EF9B77FCDEA693F14D41ACDF_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebtMember_FF194D96EF9B77FCDEA693F14D41ACDF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Secured Debt</link:label>
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    <link:label id="lab_coop_NewNotesMember_A7A712F272F977077A9493F14D41787E_terseLabel_en-US" xlink:label="lab_coop_NewNotesMember_A7A712F272F977077A9493F14D41787E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Notes</link:label>
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    <link:label id="lab_us-gaap_SeniorNotesMember_712BDB45294ED3A00DFA93F14D42A860_verboseLabel_en-US" xlink:label="lab_us-gaap_SeniorNotesMember_712BDB45294ED3A00DFA93F14D42A860" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unsecured Senior Notes</link:label>
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    <link:label id="lab_coop_HECMSecuritizationsMember_8CEA46E66123C6DE037D93F14D423856_terseLabel_en-US" xlink:label="lab_coop_HECMSecuritizationsMember_8CEA46E66123C6DE037D93F14D423856" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HECM Securitizations</link:label>
    <link:label id="lab_coop_HECMSecuritizationsMember_8CEA46E66123C6DE037D93F14D423856_label_en-US" xlink:label="lab_coop_HECMSecuritizationsMember_8CEA46E66123C6DE037D93F14D423856" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HECM Securitizations [Member]</link:label>
    <link:label id="lab_coop_HECMSecuritizationsMember_8CEA46E66123C6DE037D93F14D423856_documentation_en-US" xlink:label="lab_coop_HECMSecuritizationsMember_8CEA46E66123C6DE037D93F14D423856" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">HECM Securitizations [Member]</link:label>
    <link:loc xlink:href="coop-20190331.xsd#coop_HECMSecuritizationsMember" xlink:label="loc_coop_HECMSecuritizationsMember_8CEA46E66123C6DE037D93F14D423856" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MortgageBackedSecuritiesMember_A9A198FF3A7B67B20DF893F14D4336BD_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesMember_A9A198FF3A7B67B20DF893F14D4336BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities Pledged as Collateral</link:label>
    <link:label id="lab_us-gaap_MortgageBackedSecuritiesMember_A9A198FF3A7B67B20DF893F14D4336BD_label_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesMember_A9A198FF3A7B67B20DF893F14D4336BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collateralized Mortgage Backed Securities [Member]</link:label>
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    <link:label id="lab_coop_MaximumPercentageRedeemableofAggregatePrincipalonUnsecuredDebt_6C16760553B5F378440393F14D44890C_terseLabel_en-US" xlink:label="lab_coop_MaximumPercentageRedeemableofAggregatePrincipalonUnsecuredDebt_6C16760553B5F378440393F14D44890C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum percentage redeemable on unsecured debt</link:label>
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    <link:label id="lab_coop_DebtInstrumentCallDateWeightedAverageTerm_D6FFF18174C435BB92C093F14D44183C_terseLabel_en-US" xlink:label="lab_coop_DebtInstrumentCallDateWeightedAverageTerm_D6FFF18174C435BB92C093F14D44183C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average useful life</link:label>
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    <link:label id="lab_coop_DebtInstrumentCallDateWeightedAverageTerm_D6FFF18174C435BB92C093F14D44183C_documentation_en-US" xlink:label="lab_coop_DebtInstrumentCallDateWeightedAverageTerm_D6FFF18174C435BB92C093F14D44183C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Call Date, Weighted Average Term</link:label>
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    <link:label id="lab_us-gaap_PrincipalAmountOutstandingOnLoansSecuritized_46AD0ACDAD9E4A4D6F9B93F14D4423D3_terseLabel_en-US" xlink:label="lab_us-gaap_PrincipalAmountOutstandingOnLoansSecuritized_46AD0ACDAD9E4A4D6F9B93F14D4423D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal amount outstanding on securitized financing</link:label>
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    <link:label id="lab_coop_DebtInstrumentPrincipalAmountOutstanding_6CB64CD9B9D9EFBB8F6893F14D44B4D1_terseLabel_en-US" xlink:label="lab_coop_DebtInstrumentPrincipalAmountOutstanding_6CB64CD9B9D9EFBB8F6893F14D44B4D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying value on loans outstanding</link:label>
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    <link:label id="lab_coop_DebtInstrumentPrincipalAmountOutstanding_6CB64CD9B9D9EFBB8F6893F14D44B4D1_documentation_en-US" xlink:label="lab_coop_DebtInstrumentPrincipalAmountOutstanding_6CB64CD9B9D9EFBB8F6893F14D44B4D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Principal Amount Outstanding</link:label>
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    <link:label id="lab_coop_MinimumTangibleNetWorthRequiredForCompliance_4DEB433215D7C8D8D51C93F14D4518DD_terseLabel_en-US" xlink:label="lab_coop_MinimumTangibleNetWorthRequiredForCompliance_4DEB433215D7C8D8D51C93F14D4518DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum tangible net worth</link:label>
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    <link:label id="lab_us-gaap_GoodwillRollForward_E7BC2C45FBF6C3EC1AE0936E99842467_terseLabel_en-US" xlink:label="lab_us-gaap_GoodwillRollForward_E7BC2C45FBF6C3EC1AE0936E99842467" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_GoodwillRollForward_E7BC2C45FBF6C3EC1AE0936E99842467_label_en-US" xlink:label="lab_us-gaap_GoodwillRollForward_E7BC2C45FBF6C3EC1AE0936E99842467" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill [Roll Forward]</link:label>
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    <link:label id="lab_coop_CollateralizedMortgageObligationCleanUpCallOption_E5B5C86B6A1A02C61E169311FF2099B8_terseLabel_en-US" xlink:label="lab_coop_CollateralizedMortgageObligationCleanUpCallOption_E5B5C86B6A1A02C61E169311FF2099B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Clean up call option</link:label>
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    <link:label id="lab_coop_ServicingFeeIncomeAccretionExpense_5EA68AE3506EF23D581A9311FF20BA97_terseLabel_en-US" xlink:label="lab_coop_ServicingFeeIncomeAccretionExpense_5EA68AE3506EF23D581A9311FF20BA97" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing fee income accretion expense</link:label>
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    <link:label id="lab_coop_RealEstateOwnedLoansGovernmentGuarantee_4720DCDE939ADD8EA4239311FDFF6097_terseLabel_en-US" xlink:label="lab_coop_RealEstateOwnedLoansGovernmentGuarantee_4720DCDE939ADD8EA4239311FDFF6097" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">REO loans with government guarantee</link:label>
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    <link:label id="lab_coop_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCollateralBalances_1257EE0230268FFE6E379311FCD15A1E_terseLabel_en-US" xlink:label="lab_coop_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCollateralBalances_1257EE0230268FFE6E379311FCD15A1E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total collateral balances</link:label>
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    <link:label id="lab_coop_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCertificateBalances_EBA4B73D6605CB2D9F839311FCD10101_terseLabel_en-US" xlink:label="lab_coop_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementCertificateBalances_EBA4B73D6605CB2D9F839311FCD10101" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total certificate balances</link:label>
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    <link:label id="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_CBFD095E9D84C8FC4CC69311FCD2B60B_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRecordedInvestmentPastDue_CBFD095E9D84C8FC4CC69311FCD2B60B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unconsolidated securitization trusts</link:label>
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    <link:label id="lab_srt_ScheduleOfCondensedBalanceSheetTableTextBlock_D81952F0CD89E752CB2F9311FB4B930F_terseLabel_en-US" xlink:label="lab_srt_ScheduleOfCondensedBalanceSheetTableTextBlock_D81952F0CD89E752CB2F9311FB4B930F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidating Balance Sheet</link:label>
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