Home Point Capital Inc. - HMPT STOCK NEWS

Home Point Capital (NASDAQ: HMPT) announces that Willie Newman, President and CEO, will present at the Wells Fargo Virtual Financial Services Investor Conference on May 19, 2021, at 11:20 a.m. ET. The event will feature a live audio webcast accessible through Home Point Capital’s Investor Relations website, with a replay available shortly after the presentation.

Home Point Capital is a leading mortgage originator and servicer, operating through its primary entity, Homepoint, and a network of over 6,000 partners. Founded in 2015 and based in Ann Arbor, Michigan, it ranks as the third-largest wholesale mortgage lender in the U.S.

Home Point Capital reported a record quarterly origination volume of $29 billion, a staggering 260% increase year-over-year. This translated to a six-fold surge in net revenue, reaching $422 million. The first quarter net income stood at $149 million or $1.07 per share, marking a significant recovery from a net loss of $11 million a year prior. The company's diversified model and robust growth in broker partnerships and servicing portfolio supported these results, while the ongoing focus remains on expanding market share and efficiency.

Home Point Capital (NASDAQ: HMPT) will release its financial results for Q1 2021 on May 6, 2021, prior to market open. A conference call scheduled for 8:30 a.m. ET will discuss these results, accessible via phone or webcast. Home Point Capital is a leading mortgage originator and servicer, recognized as the third-largest wholesale mortgage lender in the U.S. Founded in 2015 and based in Ann Arbor, Michigan, the company emphasizes customer-centric homeownership solutions.

Home Point Capital reported record quarterly origination volume of $24 billion, marking a 189% year-over-year increase. Quarterly net revenue surged to $455 million, more than quadrupling from the previous year. The fourth-quarter net income was $184 million, translating to $1.33 per share. For 2020, origination volume reached $62 billion, a 178% increase from 2019, with total net revenue of $1.4 billion. The company’s market share in the wholesale channel doubled, indicating a strong competitive position.

Home Point Capital (NASDAQ: HMPT) will release its financial results for Q4 and fiscal year 2020 on March 11, 2021, before market opening. A conference call will follow at 8:30 a.m. ET, accessible via phone or webcast. Home Point Capital, headquartered in Ann Arbor, is a leading mortgage originator and the third-largest wholesale mortgage lender in the U.S. The company focuses on enhancing the homeownership experience through its network of over 5,500 partners.

Interlink Electronics has announced the appointment of Maria Fregosi to its board of directors, bringing significant financial expertise. Fregosi is currently the Chief Investment Officer at Homepoint (NASDAQ: HMPT), a top-10 non-bank mortgage lender with $62 billion in funded origination volume for 2020. Her experience includes positions at firms such as Catalyst Financial and ABN AMRO Bank. Chairman Steven N. Bronson highlighted her invaluable skills for supporting the company’s expansion through acquisitions. Fregosi expressed enthusiasm for driving growth during this pivotal time for Interlink.

Interlink Electronics (OTC: LINK) announces the appointment of Maria Fregosi to its board of directors as of February 11, 2021. Fregosi, currently the Chief Investment Officer at Homepoint (NASDAQ: HMPT), has extensive financial experience and was a founding member of Homepoint, contributing to its growth as a top-10 non-bank mortgage lender with $62 billion in funded origination volume in 2020. Her financial expertise is expected to bolster Interlink's expansion plans through acquisitions and partnerships.

Home Point Capital announced the pricing of its IPO, offering 7,250,000 shares at $13.00 each, expected to trade on NASDAQ under the symbol 'HMPT' on January 29, 2021. The offering will close on February 2, 2021, subject to closing conditions. Importantly, Home Point Capital will not receive proceeds from the sale as it involves selling stockholders.

The underwriters have a 30-day option to purchase an additional 1,087,500 shares. Goldman Sachs, Wells Fargo, Morgan Stanley, and UBS are leading the offering.

Home Point Capital has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) of its common stock. The details regarding the number of shares and price range are currently undetermined and will depend on market conditions. The company aims to list its stock on NASDAQ under the ticker symbol HMPT. Goldman Sachs, Wells Fargo, Morgan Stanley, and UBS are the lead underwriters for this offering. Home Point Capital is a significant player in the mortgage industry, being the third-largest wholesale lender in the U.S.