Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

Awards

2020 HW Vanguard: Willie Newman

Home Point Financial, President and CEO

Newman-Willia-2020-Vanguard
Willie Newman, President and CEO, Home Point Financial

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.

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3d rendering of a row of luxury townhouses along a street

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