Home Point Financial Launches New Non-Agency Program
ANN ARBOR, MI, February 4, 2019 — Home Point Financial Corporation (“Home Point”), a national mortgage originator and servicer, announced today that it will begin offering Non-Agency mortgage lending solutions with its new Home Point Edge suite of products.
Leading the Non-Agency initiative for Home Point will be Will Pendleton, Senior Managing Director – Non-Agency Segment Manager, who noted, “A significant segment of the workforce has been largely underserved by traditional agency and prime jumbo mortgage products for years. The Home Point Edge lending platform is designed to provide financing solutions to those previously underserved, yet credit-worthy consumers. The Edge platform will provide our business partners with financing solutions that enable them to grow their business and serve more of their qualified customers, while maintaining discipline around ability to repay and sustainable lending practices. Our proprietary lending platform will feature innovative products paired with a best-in-class support team, competitive rates and optimized technology. Our goal is to provide our partners with the tools they need to grow their business, while being stewards of the industry.”
Home Point Edge will initially offer a Near-Prime product tier, with Expanded Access and AUS Express coming soon. Over time, Home Point will look to expand its offerings to best meet its partners’ needs.
Home Point Financial Chief Business Officer Phil Shoemaker added, “We strive to understand the needs of our clients and their customers. With Home Point Edge, we can help our partners navigate the complexity of Non-Agency lending and deliver not just loans, but confidence and execution.”
Home Point Financial is a national mortgage originator and servicer. With the goal of providing a superior customer experience, Home Point has an innovative approach to lending, focusing on speed, quality and consistency for customers and partners. Home Point's operating philosophy is defined by the simple but very impactful statement — "We Care".
Located in Ann Arbor, MI, 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 homepointfinancial.com.