Home Point Financial, a national mortgage originator and servicer, has acquired the wholesale division of Platinum Mortgage Inc., including Platinum’s sales team and its Madison, Ala.-based operations group.
“Platinum has built a strong wholesale lending footprint focused on the customer experience,” says Willie Newman, president and CEO of Home Point Financial, in a release.
The Colorado-based STRATMOR Group served as exclusive advisor to Platinum on the transaction, which closed on April 15.
Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital.