Company: Home Point Financial
Job title: President
With over 25 years of mortgage industry experience, Willie Newman is an acknowledged expert and innovator in the field. As one of the primary architects behind InterFirst Wholesale Mortgage Lending’s development, the company grew from a small local mortgage originator to a leader in third party lending. In 1997, InterFirst’s parent company, Standard Federal Bank, was acquired by ABN AMRO. Newman helped create what would become ABN AMRO Mortgage Group (AAMG), a diverse, multi-channel top 5 mortgage lender and top 10 mortgage servicer. While at AAMG, he led the development of the first Internet-based wholesale lending portal – Mortgages Online at InterFirst. He also rebuilt Mortgage.com into a leading consumer direct website and lending operation. In 2010, he partnered with Cole Taylor Bank to start up Cole Taylor Mortgage, helping them become a top 40 lender and servicer. In 2014, Newman joined forces with Stone Point Capital to form Home Point Capital, which became operational as Home Point Financial (HPF) through the acquisition of Maverick Funding in 2015. Since then, Newman and the Home Point team have been focused on building an industry leader. HPF is currently a top 25 non-bank originator and servicer, as well as a prominent warehouse lender through its wholly owned subsidiary, NattyMac.