Home Point Financial Corp. has formed an Institutions Group to bring the units that serve whole loan sellers under one umbrella.
The Ann Arbor, Mich.-based lender recently closed on its purchase of Stonegate Mortgage Corp. and its warehouse lending subsidiary NattyMac. The reorganization places NattyMac with the delegated correspondent lending and capital markets teams. This allows Home Point to provide a full-service offering to its loan and mortgage servicing rights sellers, said Maria Fregosi, chief capital markets officer, who will head up the new group.
Steve Landes, senior managing director, correspondent division, Erik Sorensen, senior managing director, capital markets, and John Vandolah, senior managing director, NattyMac, will report directly to Fregosi.