Willie Newman is an acknowledged expert and innovator in the mortgage industry with more than 25 years of experience in the field.
In 2014, Newman joined forces with Stone Point Capital to form Home Point Capital and, after the acquisition of Maverick Funding in 2015, the company became operational as Home Point Financial. Under Newman’s leadership, Home Point Financial has rapidly scaled in just five years to become a top 20 nonbank originator and servicer.
He developed and is the driving force behind Home Point Financial’s people-centered operating philosophy “We Care,” and is dedicated to the company’s mission to create financially healthy, happy homeowners.
In the past year, Newman has driven 240% year-over-year growth to establish Home Point Financial as the second-largest wholesale lender and the13th-largest correspondent lender in the nation. Newman has built Home Point Financial to take advantage of changing markets by establishing flexibility in day-to-day operations to address volatility during a time of instability.
Thanks to this business approach, Home Point Financial has been well-equipped to respond to the changing market conditions, finding new ways to work, and communicating with partners and borrowers during a period of economic disruption. The rapid growth of Home Point Financial is directly attributed to Newman’s leadership.
By positioning the company as a leader, he has enabled loan volume to nearly double every year since inception. The company anticipates reaching $55 billion this year.
Newman holds a BBA in finance from the University of Michigan and an MBA in finance and business economics from Wayne State University.
What has been your secret to success?
During my time leading a business, I’ve learned to stop trying to be good at everything. Focus on finding a competitive niche rather than spreading your chips across the table.