Known for his knowledge of the industry and innovation, William Newman has led many initiatives since becoming president and chief executive officer of Home Point Financial in 2014.
Newman holds a bachelor’s in business administration in finance from the University of Michigan and a master of business administration in finance and business economics from Wayne State University.
With over 25 years of mortgage industry experience, Newman led Home Point Financial to increase its loan volume by 98.5% from the first quarter of 2019 through the second quarter of 2019. Newman is one of the primary architects behind InterFirst Wholesale Mortgage Lending’s Development. In 1997, Newman was a part of the creation of ABN AMRO Mortgage Group, after InterFirst’s parent company, Standard Federal Bank, was acquired by ABN AMRO.
While he was with ABN AMRO Mortgage Group, he led development of the first Internet-based wholesale lending portal, named Mortgages Online at InterFirst. Newman also rebuilt Mortgage.com, turning it into a consumer direct website and lending operation. With a partnership with Cole Taylor Bank in 2010, Newman started up Cole Taylor Mortgage, helping lead them to become a top 40 lender and servicer. In 2014, Stone Point Capital and Newman created Home Point Capital, which operated as Home Point Financial with the acquisition of Maverick funding in 2015. Newman lead the Customer For Life Program, which centers brokers in the mortgage space. He also oversaw the integration into the ARIVE platform.
What one habit has made a crucial difference in your success?
“Curiosity. Curiosity drives us to learn, and learning gives us the tools to succeed. Never stop wondering how things work, because that way you can make them work better. A curious mind is an incomparable advantage.”