In the news
Advice to mortgage borrowers: Shop hard for the best deal
Mortgage brokers are going to give borrowers a better rate
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Homepoint to offer Fannie Mae's new refinance program
Option makes it easier for low-income families to save money
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'Never seen anything like it': Detroit area housing market is on fire
Record-low inventory levels, and one of the most extreme seller's markets in recent memory.
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New Growth Opportunities with Mortgage Banker Alliances?
When serious about buying a home, people should be reaching out to a mortgage broker.
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Homepoint’s Embrace of Technology Shows Rising Importance of PropTech
Tech-driven approach could transform traditional mortgage servicing models
Read MoreBrokers need lenders who are going to support them long-term, not use them to acquire customers
Homepoint is focused on helping brokers see the bigger picture.
Read MoreWhy a fight between UWM and Rocket is good for Homepoint
Homepoint has seen a significant increase in broker interest.
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Metro Detroit companies don't know what's next after year of working from home
Homepoint invested $77 million in its employees in 2020.
Read MoreHomepoint sees mortgage broker interest increase after UWM ultimatum
Homepoint doubled its wholesale market share last year and plans to keep growing in 2021.
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Maria Fregosi On The State Of The Mortgage IndustryVideo
Discussion on Q4 earnings and 2021 housing outlook
Watch VideoHome Point Capital releases Q4 and 2020 earnings
Company generated origination volume of $62 billion, with $24 billion coming in Q4.
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Mortgage lender Homepoint beats expectations on first earnings report
Homepoint reported 2020 profit of $607 million on total revenue of more than $1.37 billion.
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Broker channel war a double-edged sword for Homepoint
Homepoint has experienced a sharp uptick in new broker partners.
Read MoreHow 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.
Read MoreMortgage 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.
Read MoreMaria Fregosi Talks Home Point (HMPT) IPOVideo
Homepoint made its public debut on the Nasdaq Global Select Market.
Watch Video“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.
Read MoreAnn 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.
Read MoreMore 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.
Read MoreHow to add flexibility and personalization to the borrower experience
Homepoint rebrands to redefine the homebuying journey
Read MoreHomepoint rolls out new tech platform
Wholesale lender has partnered with Appian to build a "low-code automation platform"
Read MoreHome 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.
Read MoreHow 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.
Read MoreRefinancing 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.
Read MoreA 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.
Read MoreHome 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.
Read MoreHome 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.
Read MoreHow 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.
Read MoreHelp 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.
Read MoreThe 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.
Read MoreExec'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.
Read MoreRefi 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?
Read MoreMortgage 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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