In the news

How southeast Michigan became a mortgage power center
The region is home to four of the 20 biggest mortgage lenders in the country.
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$7.1M investment to bring 266 jobs to Ann Arbor area
Homepoint is adding an operations center in Ann Arbor and will hire originators, underwriters, closers and disclosure analysts.
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Mortgage City: With 3 new public companies, Southeast Michigan solidified as industry hub
Southeast Michigan's claim to the name "Mortgage City" has become a little stronger. With Home Point Capital Inc. making its debut on the public markets on Friday, the region has been solidified as a hub for mortgage lending, particularly for non-bank institutions.
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Maria Fregosi Talks Home Point (HMPT) IPOVideo
Homepoint made its public debut on the Nasdaq Global Select Market.
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“This IPO says we’re here to stay and going to thrive” – Home Point CIO
Home Point Capital made its IPO on the Nasdaq on Friday, January 29. This makes Home Point the third nationally ranked wholesale lender to go public after IPOs from Rocket Mortgage, in August, and United Wholesale Mortgage, earlier in January.
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Ann Arbor-based Home Point Capital to go public on NASDAQ on Friday
Home Point priced 7.25 million shares at $13 per share for trading on the NASDAQ Global Select Market under the ticker symbol “HMPT." The offering is smaller than what the company last week was aiming for, when it anticipated 12.5 million shares priced between $19 and $21.
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More than 30 Michigan companies make 2021 Top Workplaces USA list
More than 30 companies either headquartered in Michigan or with a significant presence in the state have been named 2021 Top Workplaces USA in the first year of a program that has in the past celebrated outstanding regional employers.
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How to add flexibility and personalization to the borrower experience
Homepoint rebrands to redefine the homebuying journey
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Homepoint rolls out new tech platform
Wholesale lender has partnered with Appian to build a "low-code automation platform"
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Home Point Financial rebrands, launches new digital offering
Mortgage giant Home Point Financial has started growing its suite of digital offering after adopting a new name.
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How one lender is putting the focus back on people and relationships
HousingWire recently chatted with Homepoint Chief Experience Officer Ginger Wilcox about the company’s rebrand and hiring surge in the middle of a global pandemic. Wilcox explains how Homepoint is redefining the home buying and homeownership experience moving forward.
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Creating ‘Customers for Life’
DS News spoke with Perry Hilzendeger about his transition to Home Point, as well as some of the key lessons he has taken away from 2020.
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Refinancing boom continues in 2020 as rates remain low
Homeowners who dragged their feet and have yet to refinance a mortgage might even snag a lower rate now than if they acted in January or February.
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A growing number of Michigan companies offer time off on Election Day
A growing number of businesses are offering time off on Election Day. Homepoint is offering its nearly 3,000 employees a paid half-day on Nov. 3, or a full day if they volunteer.
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Wholesaler Seeks Customers for Life
For Michigan-based wholesale lender Home Point Financial Corp., entering the Connecticut market has meant giving independent brokers an option not just for lending but for servicing their customers as well.
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Home Point Financial to fund 50 new minority- and women-owned mortgage brokerages
According to Home Point, the initial $1 million in grant money will be distributed in coordination with the Association of Independent Mortgage Experts (AIME) as part of AIME’s Spark program.
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Home Point Financial launches community foundation with initial $1 million grant
Home Point Financial announced on Friday the launch of its charitable community foundation with an initial pledge of $1 million dedicated to funding 50 new minority and female-owned brokerages.
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Why the mortgage broker channel has been gaining momentum
Wholesale's technological capabilities and its scalability have been increasingly attractive to lenders given the recent surge in volume.
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Mortgage Rates Vary From State to State. Here's How to Get the Best Deal if You're Moving
Rates and fees vary by mortgage lender, so getting multiple quotes is critical if you want the lowest costs. According to Phil Shoemaker, president of originations at Home Point Financial, working with a local mortgage broker may be your best option here.
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How working with a lender that retains its servicing can benefit originators
Because borrowers typically refinance every five to seven years, there is a real potential for disconnect between them and their originators during the life of a loan. Home Point tries to foster that connection by keeping originators involved with the goings-on of their clients’ mortgages.
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Help your broker partners with client retention by retaining servicing
Last quarter, wholesale lenders were only retaining around 20% of their loans. That number is so low because so many lenders get more entities involved in the transaction by selling off servicing.
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The refinancing boom is just getting started
Even with refinancings driving a record $1.1 trillion in originations in the second quarter and testing the limits of lenders’ capacity, LOs, mortgage executives and economists say all the conditions are right for a string of even bigger quarters.
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Exec's move from Wells Fargo to Home Point another sign of wholesale lending's growing appeal
The move from the country’s number one overall lender to one of the rising stars of the considerable upside, fueled as it is by an increasing popularity among consumers.
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Refi fee is delayed, but what are lenders doing about loans that were already locked?
The Federal Housing Finance Agency announced on Tuesday it is delaying the implementation of its adverse market refinance fee to Dec. 1 – three months past its intended start date. But what about lenders whose refi loans were locked with closing dates after Sept. 1 and carrying the 50bps LLPA?
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Mortgage brokers should take this opportunity to rally and show leadership
Brokers are providing value to the clients they serve and representing their respective communities. Now more than ever, the spotlight is on brokers. People are watching, and we must show our leadership.
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