Home Point Capital IncNASDAQ HMPT Stock Report

Home Point Capital, Inc. engages in the provision of residential home mortgage services. The company is headquartered in Ann Arbor, Michigan and currently employs 830 full-time employees. The company went IPO on 2021-01-29. The firm operates through two reportable segments: Origination and Servicing. Its Origination segment sources loans through three production channels: Direct, Wholesale and Correspondent. The Direct channel provides its existing servicing customers with various financing options. The Wholesale channel consists of mortgages originated through a nationwide network of broker partners. The Correspondent channel consists of closed and funded mortgages that purchased from a trusted network of correspondent partners. Its Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors and managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering its mortgage loan servicing portfolio in compliance with state and federal regulations.