Partners for the Path Ahead
Correspondent Lending... Done Right!
Everything
You Need
To Know
About
HomeBridge Funding, headquartered in Irvine, California, is a division of HomeBridge Financial Services, Inc. (“HomeBridge”),
a HUD-approved Nationwide Lender, an approved Seller/Servicer for Fannie Mae, and a Ginnie Mae Approved Single
Family Issuer. HomeBridge is built on a powerhouse of financial strength, with a fierce commitment to excellence.
The company was founded in 1989 and is a privately-held national direct residential mortgage lender with a very established
retail, wholesale, and correspondent presence. Our combined 1,600 associates serve the mortgage needs of homebuyers,
homeowners, real estate professionals, banks, community banks, credit unions, independent mortgage bankers and national
builders.
Capital Markets
HomeBridge is a prominent issuer of GNMA and FNMA securities and other finance structures. HomeBridge has a highly
experienced capital markets group that is focused on offering correspondent Sellers flexible pricing solutions and
competitive rates. HomeBridge Funding’s daily pricing can be found on all major pricing engines.
Servicing
The correspondent platform’s primary initiative is to grow the servicing portfolio. HomeBridge Funding is not a passthrough investor; all loans are serviced by HomeBridge within the U.S. HomeBridge guarantees, non-solicitation
of our banking partner’s customers and credit union members.
Technology
HomeBridge is a paperless environment. Our proprietary system was built with industry first technologies that provide
a seamless transfer of data from Fannie Mae to our system securely through our HomeBridge Interactive Portal (HIP). Sellers
will receive single sign-on access to manage their real time pipelines.
Path & Evolution Timeline
2008 July
Obtained FNMA & GNMA
seller / servicer approval
08
09
2010 Feb
Assumed the operations
of a large wholesale producer
in Edison, NJ
2012 Year
of Building
10
Company founded
2009 March
Issued first Agency security
2010 March
Peter Norden becomes CEO,
Joel Katz becomes President
and Joe Sheridan
becomes COO
12
• Legally secured the trade name
• Engaged an agency partner
• Developed brand story and
brand expression
2013 Year
of Branding
1989
2012
Launched HomeBridge Funding
based in Irvine, CA
14
13
• Continued to build on industry
success
• Defined marketing strategy
• Prepared to announce new name
2014 Year of
HomeBridge
• A new corporate name
• A new promise
• Partners for the path ahead
15
2015 Celebration
of Success
• Double our correspondent market share
• Continue our innovative product technology research & development
• Become the premier renovation program investor with our exclusive in house
concierge service department
Executives & Management
Peter Norden
CEO of HomeBridge Financial Services, Inc.
Peter Norden has 35 years of experience in the residential mortgage business. Prior to becoming CEO of HomeBridge,
formerly REMN, in April 2012, Mr. Norden was CEO and President of Opteum Financial Services, Inc. (“OFS”) which he founded
in 1999. While leading OFS, Mr. Norden grew the mortgage origination and servicing business into a national platform
licensed to operate across 47 states with revenues exceeding $60mm per year. In 2005, he sold OFS to Bimini Capital
Management but stayed on as Executive Vice President. Prior to founding OFS, Mr. Norden acquired Old Town Mortgage
Company, subsequently known as First Town Mortgage Corporation, where he served as President and CEO until it was sold
in 1999 to Chase Manhattan Mortgage Corporation. Mr. Norden served on the Fannie Mae CEO Advisory Board and the GMAC/
RFC National Advisory Board. He is also a former President of the Mortgage Bankers Association of New Jersey. Mr. Norden
received a B.S. in Accounting from Fairleigh Dickinson University in 1975.
Joel Katz
President of HomeBridge Financial Services, Inc.
Joel Katz has been involved in various facets of the residential mortgage business for more than 20 years. Prior to joining
HomeBridge, formerly REMN, in March 2010, Mr. Katz was a Managing Director in private equity at Fortress Investment Group
where he focused primarily on Nationstar Mortgage, a portfolio company of Fortress Investment. Prior to joining Fortress
Investment in 2007, he was a Director in the Mortgage Finance Group at Salomon Smith Barney (which became Citigroup) for
seven years, financing residential mortgage lenders. Previously, Mr. Katz was President and CEO of Union Planters Mortgage
Company in Memphis, TN from 1997 to 1999. President and CEO of Boatmen’s National Mortgage from 1995 to 1997 and CEO
of National Mortgage Company (one of the largest privately-owned mortgage banks in the U.S.) from 1991, until its sale to
Boatmen’s in 1995. Mr. Katz received a B.A. from The Johns Hopkins University and a J.D. from Georgetown University.
Joe Sheridan
COO of HomeBridge Financial Services, Inc.
Joe Sheridan has 35 years’ experience in the mortgage industry. Prior to joining HomeBridge, formerly REMN, Mr. Sheridan
founded a residential mortgage company for RBMG (a publicly-traded company) and served as President until its sale to M&T
Bank five years later. Previously he was Executive Vice President of Fleet Bank, with oversight responsibility for Fleet’s
residential lending activity across most of the U.S. Prior to that, Mr. Sheridan began his career at an independent mortgage
company in New York, where he was promoted to President after its sale to Norstar Bank, and then merged the company with
Fleet Bank. Mr. Sheridan is the current President of the New Jersey Mortgage Bankers Association. He has also served as a
Member of the New Jersey Governor’s Advisory Committee for the past 10 years. He currently serves as a Committee Member
appointed by the Department of Banking responsible for authoring the current Mortgage Banking Exam, and was a past
President of the New Jersey MBA Education Foundation. Mr. Sheridan received a B.A. in Psychology from St. John’s University.
Executives & Management Cont.
Bela Donine
Managing Director of HomeBridge Funding
Bela M. Donine joined HomeBridge Financial Services, Inc. as Managing Director-Correspondent Funding. Ms. Donine is
responsible for building the National Correspondent Division for market entry and overseeing all facets of operations and
national sales. Donine possesses a 25+ year proven track record for contributing to company growth, exceeding customer
needs and quickly achieving profitability. Prior to HomeBridge, Ms. Donine served as National Sales Manager-Wholesale
Division for Greenlight Financial Services where she was responsible for building the National Sales Team and generating
production. Prior to Greenlight, Donine was Senior Vice President of National Production for MAGI Advisors and was
responsible for building the National Conduit Sales platform. Prior to MAGI Advisors, Ms. Donine served as Vice PresidentNational Sales for Guggenheim Capital Markets where she was responsible for whole loan advisory work, client retention
and business development. Prior to Guggenheim, Bela joined Opteum Financial Services in 2002 as a founding member of
Opteum Funding and managed all aspects of Sales for the conduit channel as Senior Vice President-National Sales. Prior to
managing the National Sales team at Opteum, Bela served as Senior Vice President and Chief Credit Officer. Ms. Donine’s
responsibilities included formulating and directing the credit culture for the Conduit Platform. Prior to Opteum, Ms. Donine
was Senior Vice President and Chief Credit Officer for Impac Funding Corporation for over ten years. Bela’s responsibilities
included managing national credit policy, quality control policies and procedures, product development, and product risk to
all lending channels/platforms. Ms. Donine received her Bachelor of Science in Business Administration from California
State University, Long Beach.
Dawn Narken Hill
Director, Client Management of HomeBridge Funding
Dawn Narken Hill’s 20 year professional tenure has been exclusively in the mortgage industry. Prior to becoming Director of
Client Management of HomeBridge, Ms. Hill joined OneWest Bank’s reverse mortgage platform, Financial Freedom as their
Vice President of Finance, Loss Management and Reporting. In this role, she was the primary contact for all FDIC and FNMA
inquires. Previous to OneWest Bank, Ms. Hill joined William Lyon Homes to restructure their wholly owned subsidiary,
William Lyon Financial Service’s finance function where she established corporate economic strategies and developed their
financial reporting and capital markets relationships. From September 2003 to June 2007, Dawn was with Opteum Financial
Services as Director of Client Management, a senior member of the emerging national conduit. She developed the Client
Management function, and served on the Securitization Review Committee, IT Steering Committee, Loan Loss Committee,
and Chaired the Conduit Seller Performance Review Committee. Ms. Hill is also actively involved in the academic community.
She is a professor, teaching financial accounting, corporate finance, and business management. Ms. Hill holds a Master’s in
Business Administration in Accounting and a Bachelor of Science Degree in Accounting.
Mary Darter
Director, Operations of HomeBridge Funding
Mary Darter is a seasoned professional with an expertise in mortgage operations. Prior to joining HomeBridge as Director of
Operations for HomeBridge Funding, Ms. Darter was the transaction manager at Citadel Servicing Corporation. She
instrumentally managed the acquisition of mortgage loans, the due diligence and servicing transfer of the Citadel portfolio.
Prior to Citadel, Ms. Darter was the Operations Manager of Opteum Financial Services LLC, a national conduit platform. Mary
revised the operational procedures and effectively created a $2B high performance team. She directed the Sarbanes-Oxley
initiative whereby creating risk-management procedures that allowed for a successful merger with a public company.
Previously she held senior management positions with NovaStar Capital, Finance America, Life Bank, and Imperial Credit
Industries. Known for her industry knowledge, Mary Darter has proven leadership and technical expertise.
Sales
Building and maintaining strong relationships is at the core of HomeBridge. Our National Sales Managers are focused on
anticipating seller needs, exceeding the expectations of our sellers, and helping our sellers build their company’s success.
Service Coverage
WESTERN REGION
Southern California and AZ, NV
Jennifer Caldwell, National Sales Manager
Northern California and HI, UT
Pat Hamilton, National Sales Manager
WA
MT
OR
ID
PACIFIC NORTHWEST REGION
ID, OR, WA
Pat Hamilton, National Sales Manager
NV
CA
SOUTHWEST REGION
AZ
AR, CO, LA, NM, OK, TX
Stuart Blend, National Sales Manager
CO
NORTHEAST REGION
IL
KS
NM
MO
MD
WV
NC
TN
AR
SC
AL
GA
LA
AK
FL
HI
CT, IN, ME, MI, NH, NJ, NY, OH, PA, RI, VT
Tim Bosniak, National Sales Manager
MA Not Available
MID-ATLANTIC & SOUTHEAST REGION
DE, MD, VA, WV, AL, FL, GA, KY, MS, NC, SC, TN
Stan Tucker, National Sales Manager
*Import sales person’s contact information directly into your phone by scanning codes with your phone.*
Jennifer Caldwell
Patricia Hamilton
Email: [email protected]
Phone: 909.225.8444
Email: [email protected]
Phone: 818.590.1310
Stuart Blend
Bela Donine
Email: [email protected]
Phone: 469.939.9055
Email: [email protected]
Phone: 855.242.3863
Tim Bosniak
Stan Tucker
Email: [email protected]
Phone: 724.875.6537
Email: [email protected]
Phone: 804.317.9017
National Sales Manager
Western / Pacific Northwest Region
National Sales Manager
Southwest Region
National Sales Manager
Northeast Region
VA
KY
MS
TX
OH
IN
National Sales Manager
Western / Pacific Northwest Region
National Sales Manager
Midwest Region
National Sales Manager
Mid-Atlantic & Southeast Region
NH
NY
PA
IA
OK
MIDWEST REGION
IA, IL, KS, MN, MO, ND, NE, SD, WI
Bela Donine, National Sales Manager
WI
MI
NE
UT
VT
MN
SD
WY
AK, MT, WY
Jennifer Caldwell, National Sales Manager
ME
ND
MA
CT
NJ
DE
RI
Product Highlights
Fannie Mae Conforming & High Balance Agency Products
•
•
•
•
•
10, 15, 20, 25 & 30 Year Fixed Rate Products
•
15 & 30 Year Fixed Rate Products High Balance
•
Down Payment 100% gift with MI Cert Conforming
•
Income and Assets documented per DU Findings
•
95% LTV on Primary Residence with 5% Gift Funds Conforming
5/1, 7/1 & 10/1 ARM (LIBOR; 5/2/5 caps; 2.25 margin)
Financed MI eligible; maximum 95% LTV Conforming
No min. FICO score with DU Approve/Eligible
LTV to 90% High Balance
DU Refi Plus
• 10, 15, 20, 25 & 30 Year Fixed Rate Products
• PIW available per DU FIndings
• Income and Assets documented per DU Findings
• Primary Residence to 150% LTV
• 620 min. FICO
Coming Soon: HomeStyle
Coming soon to HomeBridge Funding
FHA Conforming & High Balance
• 15 & 30 Year Fixed Rate Products
• As low as 620 min. FICO to 97.75% LTV R/T Refi
• As low as 620 min. FICO to 96.5% LTV Purchase
• 3/1 & 5/1 ARM Product (T-Bill)
• 580 min. FICO to 85% LTV C/O Refi
• As low as 580 FICO to 90% LTV
FHA Streamline - Conforming & High Balance
• 15 & 30 Year Fixed Rate Products
• 3/1 & 5/1 ARM Product (T-Bill)
• Primary 1 unit w/o appraisal to 125% CLTV
• Primary 1 unit with appraisal to 97.75% LTV/125% CLTV
• 580 min. FICO score for credit qualifying
• 660 min. FICO score for non-credit qualifying
FHA 203(k) Streamlined - Conforming & High Balance
•
•
•
15 & 30 Year Fixed Rate Products
620 minimum FICO Purchase and Rate/Term Refinance
1-unit primary residence
VA Conforming & High Balance
•
•
•
•
•
• Total renovation costs limited to a maximum of $35k
• Renovation Process managed by HomeBridge Renovation
Concierge Department.
VA IRRRL Conforming & High Balance
Minimum 580 FICO and no MI
DTI per DU w/ > 640 FICO and Approve Eligble
90& LTV / 115% CLTV Cash-out with min. 600 FICO
100% LTV / 115% CLTV Cash-out with min. 680 FICO
3/1 & 5/1 ARM Product (T-Bill)
• No income or asset verification, no ratios and no MI
• Mortgage Only Credit Report with minimum 640 FICO
(conforming loan amount)
• 125% LTV/Unlimited CLTV
• 1-4 unit primary residence, 1-unit second home, and 1-4
unit investment*
• 3/1 & 5/1 ARM Product (T-Bill)
USDA - Purchase and Non-Streamlined, Streamlined & Pilot Refinance
• 640 Minimum FICO
• No down payment or reserves required
• Only a 2055 required for Streamlined
• 100% financing for low to moderate income buyers
• Gift funds eligible for closing costs/guarantee fee/
voluntary down payment
ADDITIONAL HIGHLIGHTS:
√
Homebridge does not require a prior history of receipt of rental income in order to use rental income from a newly acquired rental property to qualify the
borrower; we follow Fannie Mae or HUD guidelines.*
√
Homebridge does allow Down Payment Assistance programs and Community Second Mortgages to be used in conjunction with our first mortgage
products. Homebridge allows max CLTV of 105% on FHA loans and Conforming Agency Primary Residence loans.
√
√
HomeBridge allows unlimited financed properties on owner-occupied Agency transactions and 5-10 financed on second home and investment
transactions per Fannie Mae guidelines.
HomeBridge accepts all servicers on FHA Streamline.
Get HIP
HomeBridge Interactive Portal
I Loan delivery easy as 1... 2... 3
I Seamless DU file transfer
I End-to-end loan delivery portal
The HomeBridge Advantage
In-house live sales support
We Make It All About You
1:1 attention - as it should be
HomeBridge Core Values
We’re building value-added relationships
HomeBridge & Industry Statistics
Origination Volume
Origination Volume
Servicing Volume
$10,000,000,000
Projected $8.7 Billion
$6,000,000,000
$4,000,000,000
$2,000,000,000
$0
2008
2009
2011
2010
2012
2013
Projected $16.5 Billion
$8,000,000,000
2014
Active Associates
1,200
1,000
800
600
400
200
2008
2009
2010
2011
2012
2013
2014
MBA Mortgage Finance Forecast
2013
New Home Sales (Thousands)
2014
2015
444
492
512
Existing Home Sales (Thousands)
5,179
5,441
5,594
30 Year Fixed Rate
4.0%
4.9%
5.2%
10 Year Treasury Yield
2.3%
3.1%
3.4%
Purchace Originations (Billions)
$661
$723
$796
Refinance Originations (Billions)
$1,083
$463
$433
Total Originations (Billions)
$1,744
$1,186
$1,229
Summary
HomeBridge Funding, a division of HomeBridge Financial Services Inc., was launched in Q2 of 2013 in response to the
rapidly changing and ever shrinking correspondent lending market. My partners and I saw a unique opportunity to use our
extensive mortgage banking experience to offer a first-class, quality-driven correspondent banking operation that focuses on
superior customer service.
This is our commitment: To deliver unsurpassed value and the utmost satisfaction to our lending partners with each and every
interaction.
To achieve this commitment we recruited some of the industry’s top talent who, with their operational expertise, will provide
the industry knowledge and exceptional service you expect and deserve.
What makes HomeBridge stand-out from its competition?
•
•
•
•
•
•
•
HomeBridge is a privately held, well capitalized independent mortgage banker which allows us to respond quickly to
the ever changing mortgage market
Our loans are securitized and sold directly to Fannie Mae, Ginnie Mae and HUD
We have minimal overlays to our programs
We retain 100% of our servicing and our loans are serviced in the United States
We do not solicit or cross-sell products to our client’s customers
We are dedicated to providing personalized, attentive service. You will have a National Sales Manager and Sales
Service Representative available to personally take your calls or emails
Our training is tailored to individual customer needs; we will customize our training to individual customer requests.
While personalized, superior service is our number one priority, we also know that cutting edge technology is vital in the
mortgage industry. HomeBridge has developed a proprietary web-based LOS to make the loan process seamless and
paperless for our lending partners.
Successful partnerships are built on collaboration and trust; we promise to listen, respond and provide tangible solutions.
I am incredibly proud of our success at HomeBridge…we have a well thought-out plan, outstanding team
members and a very positive momentum. My purpose is to build a strong enterprise within an ethical infrastructure that
facilitates growth and prosperity for our industry.
I realize you have many choices for your correspondent partner; I encourage you to reach out to our team and discuss the
opportunities HomeBridge Funding offers. I guarantee it will be worth your time and effort.
Sincerely,
Peter Norden
CEO Real Estate Mortgage Network, Inc.
Correspondent Lending... Done Right!
Partners for the Path Ahead
Web www.HomeBridgeFunding.com | 5 Park Plaza, 10th Floor, Irvine, CA 92614
Toll Free 2HB-Fund (855.242.3863) | Main 949.271.1711