SUCCESS STORIES

Client success stories with the HomeLend Platform.

Launching a New Mortgage Investment Business in 3 Weeks

The Context

Experienced founder with committed capital from large capital sources, planning to build a mortgage purchasing conduit with millions in upfront cost, a large team. The goal is to become a large mortgage flow and bulk investor focused on non-QM


The Solution

The HomeLend Direct platform serves as the complete infrastructure for the new investment business. Set up of the investor unique investment programs and workflows, as well as onboarding of initial network of sellers, takes about 3 weeks.


Results

  • Millions of dollars in monthly volume
  • Happy sellers
  • No upfront investment or fixed costs; only a small team actually hired

The Context

A prominent mortgage buyer and securitizer presently relying on bid tape purchases. The investor is seeking to purchase on a flow basis, in order to reduce average cost of acquisition, have greater control over what it buys and extend its market reach.


The Solution

Investor launches a flow investment program within weeks with HomeLend Direct. Offering to sellers and rate sheet  sophistication enhanced through the flow program, utilizing the unique capabilities of Homelend to make the credit box smarter and customizable


Results

  • Millions of dollars in monthly volume
  • Expanded network of sellers
  • Improved cost position
  • No investment or incremental overhead involved

The Context

  • Large online originator recently added  2nd lien product
  • It finds itself fully dependent on one take-out avenue, without competition or fall-back options


The Solution

  • Lender onboards into HomeLend Direct and connects to a new, flow, investor
  • MLPA and guidelines aligned and lender is live within weeks
  • Subsequent to launch and realized success, Lender is working on building a correspondent network through the HomeLend platform 


Results

  • About 700 loans sold in first few quarters
  • Improved optionality and margins for the lender
  • Growth  avenue through the buildup of a correspondent network opens up
  • No investment or incremental overhead involved

The Context

  • A major Midwest bank has been providing advice and facilitating mortgage trades between its network of community banks and credit unions
  • The Bank finds the business to be of high potential yet not scalable as is 


The Solution

  • HomeLend Direct solution is adopted and enhanced to facilitate a full trading and advisory environment
  • Sellers and buyers onboarded into the HomeLend platform
  • The Bank manages activity with variety of added capabilities as an Investment Manager


Results

  • Multiple and diverse trades have been taking place
  • The Bank is investing in building the marketing and processes to scale up the business
  • No investment or overhead involved

The Context

  • The mortgage origination and investment arm of a large money manager seeks to upgrade its largely home-built acquisition platform 


The Solution

  • HomeLend Direct is adopted as the standard for all del and non-del whole loan purchases
  • Set up work includes integration, automation and enhancement of the many rate sheets in use, as well as ensuring connectivity to reporting and investment management systems 


Results

  • Recent launch; first lock two month after signing
  • New sellers brought on board through the HomeLend network 
  • Investment objectives raised given the anticipated improved efficiency and reach 

The Context

  • A $35B private equity decided to enter mortgage investing
  • Initial foray into the space is through acquisition of seasoned whole loan pools
  • The fund has no infrastructure


The Solution

  • HomeLend provides comprehensive management of the pools being purchased, including imaging, review coordination, synchronization of AVM data and the likes
  • Ongoing operational support and advice provided by the HomeLend team


Results

  • HomeLend ready to go days after first pool was committed to
  • Several pools with approximately 500 loans purchased so far
  • Fund is now contemplating additional mortgage acquisition modalities through HomeLend
  • No investment, no fixed costs and no HR additions for the fund
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