Top-10 reverse mortgage lender Home Point Financial Corporation recently announced the hiring of Lisa Patterson as Senior Managing Director—Third Party Lending.
In this role, Patterson will focus on continued growth in the third party channel through developing a superior operations team, top sales staff and innovative solutions, Home Point stated in a release last week.
“Lisa has a wealth of knowledge and experience building and managing both production and operations teams,” said Home Point Financial CEO Williw Newman in a written statement. “She has a history of success and brings an enhanced level of leadership to out third party line of business. Adding Lisa will strengthen the foundation we’ve been building for the past year.”
Patterson arrives at Home Point Financial with more than 25 years of experience, including having served in executive positions at CitiMortgage (formerly ABN AMRO) and Cole Taylor Mortgage, where she was Senior Vice President of Operations. In previous positions, Patterson has managed operations teams of up to 350 people and national ranked wholesale sales teams.
“We are excited for Lisa to join our team to help grow our third party platform and strengthen our broker relationships,” said Maria Fregosi, chief strategy officer at Home Point.
In April, Home Point announced the acquisition of reverse mortgage lender Maverick Funding Corp. and certain Great Plans National Bank mortgage origination branches and operations.
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.
Through November 2015, Home Point ranked as the ninth largest reverse mortgage lender by endorsement count, with 842 loans, according to recent industry data tracked by Reverse Market Insight.
Written by Jason Oliva