They are a leading residential mortgage originator and servicer driven by a mission to create financially healthy, happy homeowners. They do this by delivering scale, efficiency and savings to their partners and customers. Their business model is focused on leveraging a nationwide network of partner relationships to drive sustainable origination growth. They support their origination operations through a robust operational infrastructure and a highly responsive customer experience. They then manage the customer experience through their in-house servicing operations and their proprietary customer servicing portal, which they refer to as their Home Ownership Platform. They believe that the complementary relationship between their origination and servicing businesses allows them to provide a best-in-class experience to their customers throughout their homeownership lifecycle. Their primary focus is their Wholesale channel, which is a business-to-business-to-customer distribution model in which they utilize their relationships with independent mortgage brokerages, which they refer to as their Broker Partners, to reach their end-borrower customers. In this channel, while their Broker Partners establish and maintain the relationship with the end-borrower, they as the lender underwrite the loan in-house and act as the original lender.
William A. Newman has served as a member of our board of directors and our President and Chief Executive Officer since 2015. In addition, Mr. Newman has served as a member of the board of directors of Home Point Financial Corporation and Home Point Mortgage Acceptance Corporation since 2015. Prior to joining Home Point, Mr. Newman held a variety of leadership roles within the mortgage industry, including at Cole Taylor Mortgage, ABN AMRO Mortgage Group and InterFirst Wholesale Mortgage Lending. Mr. Newman holds a Bachelor of Business Administration in Finance from the University of Michigan and a Master of Business Administration in Finance and Business Economics from Wayne State University. We believe Mr. Newman’s qualifications to serve on our board of directors include his executive leadership and management experience and extensive business and financial experience related to the mortgage industry.
Mark E. Elbaum has served as our Chief Financial Officer since December 2020. Prior to joining Home Point, Mr. Elbaum served as Chief Financial Officer of Marlette Funding, LLC from 2018 to 2020 and Chief Financial Officer of Merrill Lynch, Bank of America’s Wealth Management business from 2011 to 2017. Prior roles included 20 years in the mortgage industry as Chief Financial Officer of Bank of America’s mortgage lending division and Chief Financial Officer of the Residential Lending Division at Countrywide Financial Corporation. In addition, Mr. Elbaum served as Senior Vice President of Finance at Aames Financial Corporation and as an Audit Manager at Price Waterhouse. Mr. Elbaum holds a Master of Accounting from the University of Southern California and is a Certified Public Accountant.
Address: 2211 Old Earhart Road, Suite 250 Ann Arbor, Michigan 48105