Phil Shoemaker has emerged as a top leader in the mortgage industry — not just in catapulting Homepoint to be one of the nation’s largest and fastest-growing lenders, but also as a leading industry advocate for the expansion of independent mortgage originators within the wholesale and correspondent channels. Shoemaker has more than a 20-year track record of innovation and building loan origination and production systems. Shoemaker joined Homepoint in 2018 and rapidly accelerated the company’s transition from a startup into a public entity that is one the nation’s largest and fastest-growing mortgage lenders — guiding Homepoint to a company record of $62 billion in closed loan volume in 2020. Under Shoemaker’s leadership, Homepoint has consistently provided its partners with some of the industry’s most competitive pricing, fastest turn times and reliable communication and processes.
Shoemaker has been a key driver behind Homepoint’s adoption of low-code technology and the formation of Amplify, the company’s regional alignment of Operations personnel — two moves that have been instrumental in positioning Homepoint for continued growth in unison with its broker and correspondent partners moving forward.
Shoemaker is the primary strategist behind Homepoint’s originations growth in wholesale and correspondent lending. In the past year, he has driven a 260% year-over-year growth in loan volume at Homepoint, as well as a 72% year-over-year increase in broker partnerships. That upward trajectory has made Homepoint the third-largest wholesale lender, 12th-largest correspondent lender, seventh-largest non-bank purchase lender and ninth-largest overall lender in the country.
What’s the best advice you’ve ever received?
“You benefit by viewing business through a team lens. When your goal is a higher purpose than winning or making money as an individual, and more about what you can achieve collectively as a team, your job is much more fulfilling and fun.”
President of Originations