For Immediate Release
Home Point Financial Corporation Onboards Retail Lending Team From Great Plains
Ann Arbor, Michigan – April 20, 2015 - Home Point Financial Corporation (“Home Point Financial”) has agreed to take on certain Great Plains National Bank (“Great Plains”) mortgage origination branches and operations. Great Plains is concentrating their mortgage origination efforts within their retail bank footprint.
The transition began with seven branches becoming part of Home Point Financial last week. Two additional branches and the remote mortgage banking operations team will move to Home Point Financial in future months. The transition is expected to be complete by June 30, 2015.
“We are excited about the expansion of our retail origination activities” stated Willie Newman, CEO and President of Home Point Financial. “The Great Plains team brings additional production and operations expertise to Home Point Financial.”
“The team is very pleased to be part of Home Point Financial” explained Dan Scrocco, Senior Executive Vice President of Great Plains National Bank. “I am looking forward to joining such a strong up and coming organization.”
About Home Point Financial Corporation
Home Point Financial is a nationwide mortgage banking business focused on multi-channel residential mortgage origination and servicing. Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital LLC. For further information about Home Point Financial, please visit our website www.homepointfinancial.com.