Home Point Financial Corporation, a Michigan-based national mortgage originator and servicer, has announced the acquisition of the wholesale division of Platinum Mortgage Inc. This includes both Platinum’s sales team and its Madison, Alabama-based operations group.
“Platinum has built a strong wholesale lending footprint focused on the customer experience. We are excited about the opportunity to integrate the Platinum team into Home Point’s rapidly growing wholesale business,” said Willie Newman, Home Point Financial President and CEO.
“Having been in business for over 20 years, I’ve always been committed to my broker clients. I decided to partner with Home Point because they share the same level of commitment.” said Terry Clark, CEO of Platinum Mortgage.
The Colorado-based STRATMOR Group served as exclusive advisor to Platinum on the transaction, which closed on April 15, 2019.
Home Point Financial is a national multi-channel mortgage originator and servicer. Home Point is focused on lending, speed, quality, and consistency for customers and partners.
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.