Home Point Capital hires former Fannie Mae exec as chairman of board

CEO believes proven name will greatly benefit the company as it continues to evolve

Home Point Capital hires former Fannie Mae exec as chairman of board

Home Point Capital has named former Fannie Mae executive Andrew Bon Salle as the company’s chairman of the board after announcing last week its plans to go public.

Bon Salle joined the firm following a nearly 30-year tenure at Fannie Mae, where he most recently served as head of the GSE’s single-family business. In that role, he oversaw the performance of Fannie’s credit portfolio and led all single-family capital markets initiatives.

Additionally, Bon Salle spearheaded Fannie Mae’s credit risk management and pricing strategies and managed lender execution services such as mortgage-backed securities (MBS), structured product sales and trading, whole loan acquisition and conduit activities, and early funding transactions.

“We are thrilled to have someone of Andrew’s pedigree as our chairman of the board,” said Willie Newman, founder and CEO of Home Point Capital. “Andrew is a great addition to our veteran executive leadership team, and we believe his vast industry experience provides Home Point Capital with another proven leader who will greatly benefit our company as it continues to evolve.”

Last Friday, Home Point Capital revealed its plans for an initial public offering (IPO). The nation’s third-largest wholesale lender said it has filed a registration statement with the US Securities and Exchange Commission relating to the proposed IPO.