Point on Tuesday announced the launch of a third-party origination (TPO) channel for its home equity investment (HEI) product, expanding distribution through mortgage brokers as the company looks to broaden access to home equity without traditional monthly payments.

The new channel will be led by Samuel Bjelac, a mortgage industry executive with more than 20 years of experience across wholesale, correspondent and non-QM lending. Mortgage professionals will now be able to broker Point’s HEI product, the company confirmed in its release.

Bjelac, who will serve as Point’s head of wholesale, most recently served as senior vice president of national details ⇒

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