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Home Point Financial to Acquire Wholesale Division of Platinum Mortgage
Wednesday 24 April 2019

24 April 2019 - Michigan, US-based mortgage originator and servicer Home Point Financial Corp. has acquired the wholesale division of Alabama, US-based Platinum Mortgage Inc., the company said.

Terms of the transaction were not disclosed.

The acquisition includes both Platinum's sales team and its operations group.
Housingwire reported the acquisition will grow Home Point's wholesale operation.

Home Point Financial is a national multi-channel mortgage originator and servicer.
Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital LLC.

The Colorado-based Stratmor Group served as exclusive advisor to Platinum on the transaction, which closed on April 15th, 2019.
Date Published: 24/04/2019
Target: Platinum Mortgage Inc.
Country: USA
Sector: Banking/Financial Services
Type: LBO
Status: Closed
Buyer: Home Point Financial Corp
Terms of the deal were not disclosed