Homepoint Foundation Launches Community Scholarship Program for Students

Rhea-AI Summary

Homepoint Foundation has launched its inaugural Homepoint Community Scholarship Program, aimed at supporting future talent in the mortgage industry. The scholarship will award up to $6,000 each to ten recipients from areas including Ann Arbor, Dallas, Chandler, and Clearwater. This initiative includes financial literacy support and career consultation for college students pursuing degrees in business-related fields. Applications are due by February 14, 2022. Homepoint aims to foster a diverse workforce and address home affordability challenges through this program.

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• Launch of the Homepoint Community Scholarship Program to attract young talent.
• Scholarships totaling $60,000 available to support education in business, finance, and related fields.
• Inclusion of financial literacy and career consultation to enhance student prospects.

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• None.

ANN ARBOR, Mich., Jan. 25, 2022 /PRNewswire/ -- Homepoint Foundation, Inc., the philanthropic arm of national mortgage and servicer Homepoint, has announced its first Homepoint Community Scholarship Program, as it aims to attract a new generation of young talent to the mortgage industry.

The Homepoint Community Scholarship Program will assist high school seniors or graduates or current college undergraduates, awarding up to ten $6,000 scholarships. As part of the program's initial launch, the awards will go to recipients who live in or near Ann Arbor, Michigan; Dallas, Texas; Chandler, Arizona; and Clearwater, Florida – four areas where Homepoint has corporate footprint – and will be distributed more nationally in the future.

"We're excited to introduce the first-ever Homepoint Community Scholarship Program for students who are eager to make their mark in the business world," said DeAndre Lipscomb, Chief Diversity and Inclusion Officer at Homepoint, and President of the Homepoint Foundation. "We feel the mortgage industry would greatly benefit from an injection of new and diverse talent as lenders and agencies continue to address home affordability concerns throughout the country."

In addition to the scholarship money, recipients of the Homepoint Community Scholarship Program will receive access to financial literacy support programming, as well as career consultation on the many career opportunities that exist in the mortgage business.

Winners must be planning to enroll in full-time undergraduate study at an accredited two- or four-year college, university, or vocational-technical school for the entire upcoming academic year, with a focus in business, finance, accounting, economics or a related subject.

"The mortgage industry is a multi-trillion-dollar business that employs thousands of people throughout the country, yet it doesn't have a dedicated academic path offered to students at the college and university level," said Lisa Patterson, Chief Originations Officer at Homepoint. "Our hope is that the Homepoint Community Scholarship Program is a first step towards developing a more structured pipeline connecting young talent to such a promising field."

The program is administered by Scholarship America®, the nation's largest designer and manager of scholarship, tuition assistance, and other education support programs for corporations, foundations, associations, and individuals.

The deadline to apply is February 14, 2022 at 4:00 p.m. EST. For more information and to complete an application, please visit learnmore.scholarsapply.org/homepoint. 

About Homepoint 
Homepoint, a subsidiary of Home Point Capital Inc. (NASDAQ: HMPT), is one of the nation's leading mortgage originator and servicers, putting people front and center of the homebuying and homeownership experience. The company supports successful homeownership as a crucial element of broader financial security and well-being through delivering long-term value beyond the loan. Founded in 2015 and headquartered in Ann Arbor, Michigan, Homepoint works with a nationwide network of more than 8,500 mortgage broker and correspondent partners with deep knowledge and expertise about the communities and customers they serve. Today, Homepoint is the nation's third-largest wholesale mortgage lender and the 7th-largest non-bank mortgage lender. 

Home Point Financial Corporation d/b/a Homepoint. NMLS No. 7706 (For licensing information, go to: nmlsconsumeraccess.org). Home Point Financial Corporation does not conduct business under the name, "Homepoint" in KY, LA, MD, NY, or WY. In these states, the company conducts business under the full legal name, Home Point Financial Corporation. 2211 Old Earhart Road, Suite 250, Ann Arbor, MI 48105. Toll-Free Tel: 888-616-6866. 

Media Contact:

Brad Pettiford
Director of Public Relations
(734) 356-3092
bpettiford@hpfc.com 

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SOURCE Homepoint

FAQ

What is the Homepoint Community Scholarship Program?

The Homepoint Community Scholarship Program is an initiative launched by Homepoint Foundation to award scholarships to students pursuing careers in the mortgage industry.

How much is the scholarship offered by Homepoint?

The scholarship offers up to $6,000 each to ten recipients.

When is the application deadline for the Homepoint scholarship?

The application deadline is February 14, 2022, at 4:00 p.m. EST.

Who is eligible to apply for the Homepoint scholarship?

Eligible applicants are high school seniors, graduates, or college undergraduates planning to enroll full-time in relevant fields.

In which locations is the Homepoint scholarship available?

The scholarship is available for students in Ann Arbor, Dallas, Chandler, and Clearwater.