October 26, 2014 5:30 AM ET

Thrifts and Mortgage Finance

Company Overview of Clearpoint Funding, Inc.

Company Overview

As of February 22, 2013, Clearpoint Funding, Inc. was acquired by Homeward Residential, Inc. Clearpoint Funding, Inc., a wholesale mortgage company, provides loans for customers in the United States. It offers conventional, government, and matrix loans. The company allows customers to transfer loans from other lenders. Clearpoint Funding, Inc. was formerly known as Virgin Money USA, Inc. and changed its name to Clearpoint Funding, Inc. in November 2009. The company was founded in 2000 and is headquartered in Westborough, Massachusetts. Clearpoint Funding, Inc. operates as a subsidiary of Gleacher & Company, Inc.

4 Technology Drive

Suite 200

Westborough, MA 01581

United States

Founded in 2000

Phone:

877-937-4887

Key Executives for Clearpoint Funding, Inc.

Clearpoint Funding, Inc. does not have any Key Executives recorded.

Clearpoint Funding, Inc. Key Developments

Clearpoint Funding, Inc. Reports Earnings Results for the Third Quarter of 2012

Clearpoint Funding, Inc. reported earnings results for the third quarter of 2012. For the quarter, the company reported a pre-tax loss of $500,000, in line with its current expectations. Operating performance improved compared to the second quarter pre-tax loss of $2.5 million on the back of higher loan volumes, which are currently managed to produce a breakeven result.

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