Exhibit 99.1

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

On October 3, 2022, Home Point Capital Inc. (the “Company”) completed the previously announced sale of its 49.6% ownership interest (the “Ownership Interest”) in Longbridge Financial, LLC to EF Holdco RER Assets, LLC (the “Purchaser”), an indirect subsidiary of Ellington Financial Inc., for aggregate cash proceeds of approximately $38.9 million.

The following unaudited pro forma condensed consolidated financial statements of the Company have been derived from the Company’s historical consolidated financial statements and have been adjusted to give effect to the sale of the Ownership Interest. The unaudited pro forma condensed consolidated statements of operations, which have been prepared for the six months ended June 30, 2022 and the year ended December 31, 2021, give effect to the sale of the Ownership Interest as if it had occurred on January 1, 2021. The unaudited pro forma condensed consolidated balance sheet has been prepared as of June 30, 2022 and gives effect to the sale of the Ownership Interests as if it had occurred on that date.

The unaudited pro forma condensed consolidated financial statements are presented for informational purposes only and do not purport to be indicative of the financial position or results of operations of the Company had the sale of the Ownership Interest been completed as of the beginning of the earliest period presented, nor indicative of future results of operations or future financial position of the Company. The unaudited pro forma condensed consolidated financial statements should be read in conjunction with the Company’s historical consolidated financial statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2021 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022.

The unaudited pro forma condensed consolidated financial statements reflect management’s best estimates based on currently available information.

HOME POINT CAPITAL INC. & SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

AS OF JUNE 30, 2022

(dollars in thousands, except per share amounts)

	Historical		Transaction Accounting Adjustments				Pro Forma
Assets:
Cash and cash equivalents	$	135,843	$	38,886		(a)	$	174,729
Restricted cash		27,065		—				27,065
Cash and cash equivalents and Restricted cash		162,908		38,886				201,794
Mortgage loans held for sale (at fair value)		2,018,640		—				2,018,640
Mortgage servicing rights (at fair value)		1,419,105		—				1,419,105
Property and equipment, net		18,039		—				18,039
Accounts receivable, net		176,995		—				176,995
Derivative assets		59,280		—				59,280
Goodwill		10,789		—				10,789
Government National Mortgage Association loans eligible for repurchase		117,092		—				117,092
Assets held for sale		50,748		(50,748	)	(b)		—
Other assets		40,824		—				40,824
Total assets	$	4,074,420	$	(11,862	)		$	4,062,558
Liabilities and Shareholders’ Equity:
Liabilities:
Warehouse lines of credit	$	1,910,395	$	—			$	1,910,395
Term debt and other borrowings, net		845,531		—				845,531
Accounts payable and accrued expenses		106,005		—				106,005
Government National Mortgage Association loans eligible for repurchase		117,092		—				117,092
Deferred tax liabilities		214,871		(2,839	)	(c)		212,032
Derivative liabilities		60,309		—				60,309
Other liabilities		87,815		—				87,815
Total liabilities		3,342,018		(2,839	)			3,339,179
Commitments and Contingencies

Shareholders’ Equity:
Preferred stock (250,000,000 authorized shares, none issued and outstanding, $0.0000000072 par value per share)		—		—				—
Common stock (1,000,000,000 authorized shares, 138,380,272 shares issued and outstanding as of June 30, 2022, $0.0000000072 par value per share)		—		—				—
Additional paid-in capital		511,675		—				511,675
Retained earnings		220,727		(9,023	)	(d)		211,704
Total shareholders’ equity		732,402		(9,023	)			723,379
Total liabilities and shareholders’ equity	$	4,074,420	$	(11,862	)		$	4,062,558

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

HOME POINT CAPITAL INC. & SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2022

(dollars in thousands, except per share amounts)

	Historical			Transaction Accounting Adjustments				Pro Forma
Revenue:
Gain on loans, net	$	58,638		$	—			$	58,638
Loan fee income		35,159			—				35,159

Interest income		54,610			—				54,610
Interest expense		(62,015	)		—				(62,015	)
Interest expense, net		(7,405	)		—				(7,405	)
Loan servicing fees		143,936			—				143,936
Change in fair value of mortgage servicing rights		(12,704	)		—				(12,704	)
Other income		10,555			—				10,555
Total revenue, net		228,179			—				228,179
Expenses:
Compensation and benefits		165,033			—				165,033
Loan expense		15,984			—				15,984
Loan servicing expense		12,867			—				12,867
Production technology		9,208			—				9,208
General and administrative		36,640			—				36,640
Depreciation and amortization		5,314			—				5,314
Other expenses		11,068			—				11,068
Total expenses		256,114			—				256,114
Loss before income tax		(27,935	)		—				(27,935	)
Income tax benefit		9,798			(3,450	)	(e)		6,348
Loss from equity method investment		(14,416	)		14,416		(f)		—
Net loss	$	(32,553	)	$	10,966			$	(21,587	)

Loss per share:
Basic	$	(0.23	)					$	(0.16	)
Diluted	$	(0.23	)					$	(0.16	)

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

HOME POINT CAPITAL INC. & SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2021

(dollars in thousands, except per share amounts)

	Historical			Reclassifications			Transaction Accounting Adjustments				Pro Forma
Revenue:
Gain on loans, net	$	585,762		$	—		$	—			$	585,762
Loan fee income		150,921			—			—				150,921

Interest income		136,477			—			—				136,477
Interest expense		(169,390	)		—			—				(169,390	)
Interest expense, net		(32,913	)		—			—				(32,913	)
Loan servicing fees		331,382						—				331,382
Change in fair value of mortgage servicing rights		(113,856	)		37,025			—				(76,831	)
Other income		40,220			(37,025	)		—				3,195
Total revenue, net		961,516			—			—				961,516
Expenses:
Compensation and benefits		494,227			—			—				494,227
Loan expense		63,912			—			—				63,912
Loan servicing expense		27,373			—			—				27,373
Production technology		31,866			—			—				31,866
General and administrative		95,476			—			—				95,476
Depreciation and amortization		10,127			—			—				10,127
Other expenses		29,638			—			—				29,638
Total expenses		752,619			—			—				752,619
Income before income tax		208,897			—			—				208,897
Income tax expense		(57,998	)		—			3,679		(e)		(54,319	)
Income from equity method investment		15,373			—			(15,373	)	(f)		—
Net income	$	166,272		$	—		$	(11,694	)		$	154,578

Earnings per share:
Basic	$	1.19									$	1.11
Diluted	$	1.19									$	1.10

See accompanying notes to the unaudited pro forma condensed consolidated financial statements.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1 – Description of the Transaction and Basis of Presentation

The Company’s Ownership Interest was classified as Assets Held for Sale. The Company recorded income from its Ownership Interest in Income from equity investment in the consolidated statements of operations.

The Company’s historical consolidated financial statements have been adjusted in the unaudited pro forma condensed consolidated financial information to reflect all adjustments that are: (i) directly attributable to the sale of the Ownership Interest; (ii) factually supportable; and (iii) with respect to the unaudited pro forma condensed consolidated statements of operations, expected to have a continuing impact on the Company’s consolidated results following the sale of the Ownership Interest.

Reclassifications

The Company reclassified gain on sale of mortgage servicing rights from Other income to the Change in fair value of mortgage servicing rights on the condensed consolidated statement of operations for the year ended December 31, 2021 for consistency with the presentation for the six months ended June 30, 2022.

2 – Transaction Accounting Adjustments

The explanations that follow correspond to the note references identified in the unaudited pro forma condensed consolidated financial statements provided above:

(a) Adjustment reflects estimated cash proceeds from the sale of the Ownership Interest.

(b) Adjustment reflects the sale of the Ownership Interest, which was classified as Assets Held for Sale in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022.

(c) Adjustment reflects the reduction to the deferred tax liability that relates to the estimated loss arising on the disposition of the Ownership Interest. The tax effect of the pro forma adjustment was calculated using the historical statutory rates in effect for the period presented.

(d) Adjustment reflects the estimated loss of $11.9 million from the disposition of the Ownership Interest, net of $2.8 million in income tax benefit related to the loss. An impairment charge of the held for sale balance of the Ownership Interest will be recorded in the Quarterly Report on Form 10-Q for the period ended September 30, 2022. The actual net gain (loss) on the disposition will be recorded pursuant to the closing date of October 3, 2022 in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The actual results may differ from the current estimate.

(e) Adjustment reflects the effect of estimated income tax benefit (expense) from the elimination of the historical (loss) income from the Ownership Interest. The loss on the disposition of the Ownership Interest is not reflected in the unaudited pro forma condensed consolidated statements of operations as it is not expected to have a continuing impact on the Company’s operating results.

(f) Adjustment reflects the elimination of historical (loss) income from the Ownership Interest recognized during the respective periods.