"Bjelac, who will serve as Point's head of wholesale, most recently served as senior vice president of national sales and TPO at Foundation Mortgage Corp. He has also held leadership roles at Carrington Mortgage Services, Sprout Mortgage, CoreVest Finance and Flagstar Bank."
"Founded in 2015, Point has reportedly funded more than $2.5 billion in HEIs and worked with more than 25,000 homeowners. The company said the new origination channel will allow it to partner directly with established broker networks and expand the availability of its equity-sharing product."
"Bjelac said Point's HEI product offers homeowners a way to access equity without taking on additional monthly debt obligations. Launching this product into the third-party origination market allows us to deliver that solution to more homeowners through trusted broker partners, he said."
"Point's move into the third-party origination space comes just days after GO Mortgage debuted its own TPO channel built on a new wholesale platform."
Bjelac will serve as Point’s head of wholesale, bringing experience from Foundation Mortgage Corp and leadership roles at Carrington Mortgage Services, Sprout Mortgage, CoreVest Finance, and Flagstar Bank. Point, founded in 2015, has funded more than $2.5 billion in HEIs and worked with more than 25,000 homeowners. The company is launching a third-party origination channel to partner directly with established broker networks and increase availability of its equity-sharing product. The HEI product enables homeowners to access equity without adding monthly debt obligations. Point positions the new channel as a way to deliver the solution to more homeowners through trusted broker partners, supported by Bjelac’s experience in scaling sales organizations and expanding distribution channels.
Read at www.housingwire.com
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