Home Point Capital Inc.

General Information
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.)
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:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change