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Homepoint Extends Deal-Winning Capability of Independent Loan Originators through All-Cash Offers


ANN ARBOR, Mich., May 10, 2022 —— Homepoint, the nation’s third-largest wholesale mortgage lender, today announced Homepoint Cash Compete powered by, a cash buyer program that gives independent loan originators the power to equip mortgage-seeking homebuyers with the financial means to win real estate deals over cash buyers and investors.

Homepoint Cash Complete is a program offered in collaboration with’s Cash Buyer Program and is designed to boost local originators as a go-to resource for homebuyers and real estate agents within their local communities. In addition to bidding with cash, once the offer is accepted by the seller, buyers can close with in as few as 10 business days, without an appraisal or financing contingency.

“Homepoint Cash Compete helps level the playing field for borrowers who need a loan, and further solidifies independent loan originators as the go-to resource for homebuyers and their real estate agents,” said Phil Shoemaker, President of Originations at Homepoint. “With Homepoint Cash Compete created specifically for the wholesale channel, once the cash purchase transitions into a traditional mortgage after closing, homebuyers have the advantage of locking in better mortgage rates and lower fees than are traditionally offered by big banks and direct-to-consumer lenders.”

Homepoint Cash Compete is offered in collaboration with, a fintech platform that provides short-term warehouse lines for cash offers with select lenders. The program will initially be available to homebuyers in five states – California, Colorado, Minnesota, Oregon, and Washington – before expanding.

“Cash offers always get preferential treatment from home sellers, so as our program becomes more widespread it has a profound impact on prospective buyers’ ability to stand out from the competition,” said Adam Pollack, CEO of “We are excited to partner with Homepoint to strengthen the homebuying power of hundreds of thousands of homebuyers and real estate agents who can benefit from the expertise of independent mortgage originators.”

To get started, a homebuyer will need to work with one of Homepoint’s approved independent originator partners. Once approved as a cash buyer via Homepoint Cash Compete, will provide the buyer with an approval letter, enabling the buyer and their real estate agent to shop and negotiate with the power of cash. Once the buyer identifies their desired property, will perform a property valuation check, protecting buyers against unforeseen appraisal gap risk, and the buyer’s real estate agent can write a cash offer.

After the cash purchase is complete in as few as 10 days, the buyer will work with their loan originator to complete the conventional loan application to refinance the cash home purchase loan into a permanent traditional 30-year mortgage – generally within 30 calendar days of home purchase.

Independent loan originators interested in signing up for the program should visit the Homepoint Cash Compete landing page.

About Homepoint

Homepoint, a subsidiary of Home Point Capital Inc. (NASDAQ: HMPT), is one of the nation’s leading mortgage originators and servicers, putting people front and center of the homebuying and homeownership experience. The company supports successful homeownership as a crucial element of broader financial security and well-being through delivering long-term value beyond the loan. Founded in 2015 and headquartered in Ann Arbor, Michigan, Homepoint works with a nationwide network of more than 8,300 independent loan originators with deep knowledge and expertise about the communities and customers they serve. Today, Homepoint is the nation’s third-largest wholesale mortgage lender and the 7th-largest non-bank mortgage lender.

Home Point Financial Corporation d/b/a Homepoint. NMLS No. 7706 (For licensing information, go to: Home Point Financial Corporation does not conduct business under the name, "Homepoint" in KY, LA, MD, NY, or WY. In these states, the company conducts business under the full legal name, Home Point Financial Corporation. 2211 Old Earhart Road, Suite 250, Ann Arbor, MI 48105. Toll-Free Tel: (888) 616-6866.

About empowers buyers who qualify for a mortgage to submit all-cash offers on homes.’s mission is to make a cash offer on every home, leveling the playing field for all. The company ensures that agents, buyers, and sellers equally benefit in the transaction, all in the service of accelerating access to homeownership. Founded in 2016 by Y Combinator alumni Adam Pollack, Nick Friedman, and Ian Perrex, is headquartered in Denver, CO. Follow on Twitter and Instagram and LinkedIn or visit

Media Contacts:

Brad Pettiford
Director of Public Relations
(734) 356-3092