Home Point Financial, a national multi-channel mortgage originator and servicer, says it has achieved an inaugural rating of SQ3+ from Moody’s Corp.
Through its “Servicer Quality Assessments for Servicers of Residential Mortgages” framework, Moody’s analyzed Home Point Financial in five categories: collection abilities, loss mitigation abilities, foreclosure and REO timeline abilities, loan administration function, and servicing stability.
“We’re very pleased with the SQ3+ rating from Moody’s. It is a validation of the quality of our growing servicing operation,” says Brian Brizard, chief operating officer. “We know this will give our customers, partners and investors confidence in our business as we continue to scale our operations.”
Moody’s found Home Point’s collection abilities, collection performance metrics and loss mitigation performance of loans with modifications to be above average.
“Servicing is a team effort,” Brizard adds. “Our rating is proof of the excellent work our team performs every day.”