home point financial
Information by Research TrustFinance
Founded in 2015, Home Point Financial Corporation grew to become one of the largest wholesale mortgage lenders and mortgage servicers in the United States. The company operated through three channels: wholesale, correspondent, and direct-to-consumer lending. Home Point aimed to provide a superior customer experience through technology and a partnership-focused model. After going public in 2021 (NASDAQ: HMPT), the company faced significant challenges from the rapidly rising interest rate environment. In May 2023, it was announced that Mr. Cooper Group would acquire substantially all of Homepoint's assets and that Home Point would wind down its remaining operations.
United States
Industry
- Other ServicePRIMARY
Financial