William "Willie" Newman
President & CEO
With over 25 years of mortgage industry experience, Mr. Newman is an acknowledged expert and innovator in the field. Mr. Newman was one of the primary architects behind InterFirst Wholesale Mortgage Lending (InterFirst). Over a period of 8 years, InterFirst grew from a small local mortgage originator to an industry leader in third party lending. In 1997, InterFirst’s parent company, Standard Federal Bank, was acquired by ABN AMRO. Over the following 10 years, Mr. Newman continued the build out of what became ABN AMRO Mortgage Group (AAMG). During his tenure, AAMG became a diverse, multichannel top 5 mortgage lender and top 10 mortgage servicer. At AAMG, Mr. Newman led the development of the first Internet-based wholesale lending portal known as MOAI. He also rebuilt Mortgage.com into a leading consumer direct website and lending operation. Starting in 2010, Mr. Newman built Cole Taylor Mortgage (CTM) from scratch.
Over his 4½ year tenure, CTM became a top 40 lender; a top 40 servicer; and a major contributor to Cole Taylor Bank’s financial performance. In 2014, Mr. Newman joined forces with Stone Point Capital to form Home Point Capital. Home Point became operational through the acquisition of Maverick Funding in March, 2015 with the objective of becoming a leading independent mortgage banker.
Mr. Newman holds a BBA in Finance from the University of Michigan and an MBA in Finance and business economics from Wayne State University.