Home Point Financial Announces Moody's Assessment
ANN ARBOR, MI, January 6, 2020 — Home Point Financial, a national mortgage originator and servicer, is pleased to announce the receipt of an inaugural rating of SQ3+ from Moody's Corporation.
In an announcement dated December 17, Moody's used their "Servicer Quality Assessments for Servicers of Residential Mortgages" framework to analyze Home Point Financial in five categories: collection abilities, loss mitigation abilities, foreclosure and REO timeline abilities, loan administration function, and servicing stability.
"We're very pleased with the SQ3+ rating from Moody's. It is a validation of the quality of our growing servicing operation," said Brian Brizard, Chief Operating Officer. "We know this will give our customers, partners, and investors confidence in our business as we continue to scale our operations."
Moody's found Home Point's collection abilities, collection performance metrics, and loss mitigation performance of loans with modifications to be above average. The internal infrastructure built to support these capabilities speaks to a dedication to high quality mortgage servicing.
"Servicing is a team effort. Our rating is proof of the excellent work our team performs every day," added Brizard.