Home Point Capital Inc.
| General Information | |
| Business: | We are a leading residential mortgage originator and servicer driven by a mission to create financially healthy, happy homeowners. We do this by delivering scale, efficiency and savings to our partners and customers. Our business model is focused on leveraging a nationwide network of partner relationships to drive sustainable origination growth. We manage the customer experience through our in-house servicing operations and our proprietary customer servicing portal, which we refer to as our Home Ownership Platform. Our primary focus is our Wholesale channel, which is a business-to-business-to-customer distribution model in which we utilize our relationships with independent mortgage brokerages, which we refer to as our Broker Partners, to reach our end-borrower customers. (According to Inside Mortgage Finance, we were the third-largest wholesale lender by origination volume in 2020 through Sept. 30.)
(Note: Home Point Capital priced its sharply downsized IPO on Jan. 28, 2021: 7.25 million shares at $13 each – down from 12.5 million shares at a $19-to-$21 price range in the prospectus – to raise $94.25 million – or about 38 percent of the $250 million in estimated proceeds from its filed terms.)
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| Industry: | Home Mortgage Lender |
| Employees: | 28 |
| Founded: | 2014 |
| Contact Information | |
| Address | 2211 Old Earhart Road, Suite 250 Ann Arbor, Michigan 48105 |
| Phone Number | (888) 616-6866 |
| Web Address | http://www.homepointfinancial.com/ |
| View Prospectus: | Home Point Capital Inc. |
| Financial Information | |
| Market Cap | |
| Revenues | $1019.06 mil (last 12 months) |
| Net Income | $406.61 mil (last 12 months) |
| IPO Profile | |
| Symbol | HMPT |
| Exchange | NASDAQ |
| Shares (millions): | 7.3 |
| Price range | $13.00 - $13.00 |
| Est. $ Volume | $94.3 mil |
| Manager / Joint Managers | Goldman Sachs/ Wells Fargo Securities/ Morgan Stanley/ UBS Investment Bank/ Credit Suisse/ J.P. Morgan/ BofA Securities |
| CO-Managers | JMP Securities/ Piper Sandler / R. Seelaus & Co./ SPC Capital Markets/ Wedbush Securities/ Zelman Partners |
| Expected To Trade: | 1/29/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |