Home Point Financial Corporation
has announced the formation of its new Institutions Group, which will include Correspondent Lending, Capital Markets and Home Point's wholly-owned warehouse lending subsidiary, NattyMac. Led by Maria Fregosi, Chief Capital Markets Officer, the Institutions Group will be able to efficiently and effectively serve correspondent clients with services and products that capitalize on the financial resources, technology and expertise of Home Point Financial.
"With the introduction of our Institutions Group, we have a structure and leadership team that will provide full-service solutions for our correspondent clients," said Fregosi. "Home Point is able to provide the right combination of service and products to its delegated clients who want to increase their bulk delivery and best efforts options. We now have a compelling combination of Sales, Capital Markets and Warehouse Lending that provides Home Point with a significant competitive edge within the industry."
Steve Landes, Senior Managing Director of the Correspondent Division, said, "As one of the nation's few non-bank buyers of best efforts and bulk mandatory production, our dedicated sales team supports all delegated sellers. One of our goals is to help grow our clients' production and assist in their efforts to streamline processes and maximize profitability."
Landes will lead the Correspondent Lending group; Erik Sorensen will serve as Senior Managing Director of Capital Markets; and John Vandolah will serve as Senior Managing Director of NattyMac. All will report directly to Fregosi.