Mortgage originator and servicer Home Point Financial Corp. has formed its new Institutions Group, which comprises correspondent lending, capital markets and Home Point’s wholly-owned warehouse lending subsidiary, NattyMac.
“With the introduction of our Institutions Group, we have a structure and leadership team that will provide full-service solutions for our correspondent clients,” says Maria Fregosi, chief capital markets officer.
“Home Point is able to provide the right combination of service and products to its delegated clients who want to increase their bulk delivery and best efforts options,” she adds. “We now have a compelling combination of sales, capital markets and warehouse lending that provides Home Point with a significant competitive edge within the industry.”
Fregosi will lead the new group, with support from Steve Landes, senior managing director – correspondent division; Erik Sorensen, senior managing director – capital markets; and John Vandolah, senior managing director – NattyMac.
“As one of the nation’s few non-bank buyers of best efforts and bulk mandatory production, our dedicated sales team supports all delegated sellers,” Landes says. “One of our goals is to help grow our clients’ production and assist in their efforts to streamline processes and maximize profitability.”