Envoy Mortgage is now using Down Payment Resource (DPR), a provider of technology that connects homebuyers with homebuyer assistance programs.
The move follows a successful pilot and reflects Envoy’s commitment to expanding down payment assistance (DPA) offerings while maintaining operational efficiency and reducing repurchase risk.
Founded in 1997 as First Houston Mortgage, Envoy has helped more than 200,000 homebuyers across nearly 49 states. With a 98% customer satisfaction score, the Houston-based mortgage company has long prioritized both service and innovation. As its lending operations continue to scale nationwide, Envoy recognized the need for a more robust, data-driven approach to managing DPA programs.
“Partnering with DPR allows us to accelerate our goal of making affordable homeownership accessible to more people without needing to add headcount,” says Katrina Cummins, senior vice president of strategic initiatives at Envoy, in a release. “Its platform helps us streamline DPA management, while giving our teams the tools they need to better serve borrowers at every income level.”
During the pilot, Envoy documented significant time savings and process efficiencies, eliminating the need for an additional full-time hire, saving an estimated $70,000 to $80,000 annually. Beyond cost savings, the integration supports more informed lending decisions and a lower loan-to-value ratio for qualifying borrowers and is key to increasing access for low-to-moderate-income buyers.
“Down payment assistance can make a critical difference for homebuyers, especially those just starting their wealth-building journey,” says Jesse Passafiume, president of Envoy. “DPR’s platform has been a game-changer, reducing risk and enabling our team to offer these programs with greater confidence.”