Michigan-headquartered, Home Point Financial Corporation [1] (Home Point) has announced the launch of non-agency mortgage lending solutions with its new Home Point Edge suite of products.
Will Pendleton, Senior Managing Director–Non-Agency Segment Manager will be leading this initiative for Home Point. “A significant segment of the workforce has been largely underserved by the traditional agency and prime jumbo mortgage products for years,” Pendleton said. “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 their 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 its Expanded Access and AUS Express products coming soon. Over time, Home Point will look to expand its offerings to best meet its partners’ needs.
“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,” said Phil Shoemaker, Chief Business Officer at Home Point Financial.
Home Point is a national mortgage originator and servicer. Located in Ann Arbor, Michigan, 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.