Home Point Financial launches new fund for minority and female-owned brokerages

In today’s Daily Download episode , HousingWire covers an announcement that Home Point Financial has launched a new community foundation with a $1 million grant. For some background on the story, here’s a summary of the article : Home Point Financial announced on Friday the launch of its charitable community foundation with an initial pledge of $1 million dedicated to funding 50 new minority and female-owned brokerages. In the midst of the Association of Independent Mortgage Experts National Fuse Conference , Home Point announced the initial $1 million in grant money will be distributed in coordination with AIME’s latest diversity initiative, the Spark program.According to Home Point, the foundation’s goal is to empower individuals to achieve their dreams through “investment, education and support.” “One of the core beliefs of Home Point Financial is giving back,” said Lisa Patterson , Home Point chief origination officer. “But as a business we’re committed to the independent mortgage broker. So, we wanted to take that a step further and create additional opportunities for those individuals who have aspirations of opening their own mortgage broker company, specifically in underrepresented groups.” In total, the Home Point foundation will allocate grants to 25 minority and 25 female-owned mortgage brokerages. Awards include one $50,000 grant, four $25,000 grants and 20 $17,500 grants per group. Following the main story, HousingWire covers a newly launched referral network from OJO Labs, the OJO Select Network, which is an agent referral program that matches top performing agents with ready homebuyers or sellers based on an understanding of the agent’s skill set and the consumer’s need, and a digital expansion from Fidelity National Financial that is intended to help prevent the rapid spread of wire fraud. The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward . Hosted by the HW team and produced by Alcynna Lloyd. HousingWire articles covered in this episode: Home Point Financial launches community foundation with initial $1 million grant OJO Labs rolls out agent referral network Fidelity National Financial expands its digital options to help prevent wire fraud