Home Point Financial Acquires Platinum Mortgage’s Wholesale Division

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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. 

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