ANN ARBOR, Mich., July 11, 2018 (GLOBE NEWSWIRE) -- Home Point Financial Corporation (“Home Point”), a national, multi-channel mortgage originator and servicer, announced today that it will transition its east coast retail branches to Northpointe Bank.

“Home Point has been focused on simplifying activities to enable a greater focus on segments where we see the greatest opportunity for growth,” said Willie Newman, Home Point Financial President and CEO. “At the same time, it was important for us to find the right partnership that would provide the support and structure our retail sales teams deserve to be successful. Over the next few months, we will be working with Northpointe to ensure a smooth transfer.”

“Northpointe is excited to welcome the Home Point retail sales and operations employees to our team,” said Chuck Williams, President and CEO, Northpointe Bank. “We are impressed with the business development success and relationships this group has built over the years. In cases of industry consolidation, Northpointe Bank continues to leverage its strong products, pricing and superior customer experience to attract transactions that are accretive to the bank’s earnings.”

For additional information, please visit www.homepointfinancial.com and www.northpointe.com.

About Home Point Financial

Home Point Financial is a national multi-channel mortgage originator and servicer. With the goal of providing a superior customer experience, Home Point has an innovative approach to lending, focusing on speed, quality and consistency for customers and partners. Home Point's operating philosophy is defined by the simple but very impactful statement – "We Care".

Located in Ann Arbor, MI, 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. For further information about Home Point Financial, please visit www.homepointfinancial.com .

About Northpointe Bank

Northpointe Bank is a client-focused company that provides home loans and deposit banking products to communities across the country. Our mission is to be the best bank in America by bringing value and innovation to the people we serve. Currently, Northpointe offers one of the highest savings rates in the U.S., 20 times the national average savings rate*.

Headquartered in Grand Rapids, Michigan, Northpointe Bank is proud to be ranked by the Independent Community Bankers of America as one of the top ten best performing banks in the nation for the past four years in a row ** . To find out more, visit www.northpointe.com . Member FDIC – Equal Housing Lender.

*Based on Bank rate survey completed on 5/10/2018.

**Source: For 2013-2016, ICBA’s Independent Banker ranked Northpointe Bank as best performing bank among its peers based on asset size and return-on-equity.

For inquiries, please contact :  Home Point Financial:  Matt Goodman  Email:  information@homepointfinancial.com

Northpoint Bank: Michael Winks, Executive Vice President & Chief Lending Officer Email: michael.winks@northpointe.com