New product designed to help underserved, yet creditworthy consumers
National mortgage servicer Home Point Financial Corporation has announced the launch its new Home Point Edge suite of non-agency products.
Home Point Edge will initially offer a near-prime product tier, with expanded access coming soon.
At the helm of Home Point’s non-agency segment is Will Pendleton, senior managing director – non-agency segment manager. “A significant segment of the workforce has been largely underserved by traditional agency and prime jumbo mortgage products for years,” said Pendleton. “The Home Point Edge lending platform is designed to provide financing solutions to those previously underserved, yet credit-worthy consumers. 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. Our proprietary lending platform will feature innovative products paired with a best-in-class support team, competitive rates and optimized technology. Our goal is to provide our partners with the tools they need to grow their business, while being stewards of the industry.”
“We strive to understand the needs of our clients and their customers,” said Phil Shoemaker, chief financial business officer at Home Point Financial. “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.”
