Home Point Financial Corp. has formed an Institutions Group to bring the correspondent, capital markets and warehouse lending teams under one umbrella.
Managing portfolios for an influx of servicing rights investors helps mortgage companies augment revenue and keep rising costs and compliance risks in check.
New entrants in mortgage servicing are rethinking how business is done, creating more division between holders of mortgage servicing rights and the entities that actually manage loans.
The parent of Howard Hanna Real Estate Services said it had acquired 1st Priority Mortgage Inc. and Nothnagle Home Securities, completing the last stage of its purchases of RealtyUSA and Nothnagle Realtors.
