Home Point Financial launches non-agency product suite

Home Point Edge will offer non-QM loans to help underserved borrowers

Home Point Financial is now offering non-agency mortgage loans.

The Michigan-based lender and servicer said its new Home Point Edge suite of products is designed to help borrowers who are credit-worthy but underserved by traditional agency and prime jumbo products.

Home Point said the Edge will initially offer near-prime products, and that it plans to incorporate Expanded Access and AUS Express soon.

“The Edge platform will provide our business partners with financing solutions that enable them to grow their business and serve more of their qualified customers, while maintaining  discipline around ability to repay and sustainable lending practices,” said Senior Managing Director Will Pendleton, who will manage the non-agency initiative. “Our proprietary lending platform will feature innovative products paired with a best-in-class support team, competitive rates and optimized technology.”

Home Point Chief Business Officer Phil Shoemaker added, “We strive to understand the needs of our clients and their customers. With Home Point Edge, we can help our partners navigate the complexity of non-agency lending and deliver not just loans, but confidence and execution.”

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Co-living startup Bungalow raises $47 million, including investment from Alex Rodriguez

Real estate startup Bungalow launched last year, offering a unique solution for finding affordable housing in some of the nation’s most expensive housing markets. Now, the company has raised $47 million from various investors, including A-Rod Corp., the investment firm founded and led by former MLB star Alex Rodriguez.

Nov 18, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please