Angel Oak plots expansion in non-QM correspondent lending

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Angel Oak Mortgage Solutions LLC – NMLS #1160240 (NMLS Consumer Access). Licensed in AL #21875, AZ #0926930, AK #110480, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS#4131346, Loans made or arranged pursuant to a California Financing Law License CFL License #60DBO71208, CO Regulated by the Division of Real Estate.

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 · Overall, the Angel Oak companies have seen substantial growth in non-QM lending recently. In the first quarter, Angel Oak’s non-QM originations were up 82% from the same period a year ago.

 · Angel Oak Mortgage Solutions, LLC is enhancing its correspondent lending channel with new technology, infrastructure and high-level talent that reflect the stunning growth in the non-qualified mortgage marketplace. The company has officially branded this channel as Angel Oak Correspondent to solidify its position in the correspondent lending space.

Chase correspondent published its Irma news. Priming for its next wave of growth, Angel Oak Mortgage Solutions, the leader in the non-QM space, announced the addition of 4 more AEs to help brokers.

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At the recent MBA conference, plenty of discussion focused on non-QM lending. But plenty “off the record” discussions among execs mentioned changing LO comp and waiting for competitors to fail.

The rating agencies are warming to the non-QM idea, and in an edition of "Consumer Financial Services Watch" Laurence Platt noted that "Non QM Lending Facilitated by. On the investor side, Angel.

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And check out its website for more information. Angel Oak Mortgage Solutions continues its expansion into the Correspondent marketplace. Since its Correspondent offering was introduced in 2017, Angel.

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Angel Oak Correspondent furthers Angel Oak’s initiative to set the industry standard for innovation in the non-QM market. Following its most successful Q1 ever, with non-QM originations up 82% from the same period a year ago, the company is now exploring new frontiers.

Angel Oak Mortgage Solutions recently added the ability for third party non-agency mortgage lenders to obtain alternative mortgage wholesale loans through a mini-correspondent channel. This channel allows non-QM wholesale mortgage providers to offer angel oak Mortgage Solutions products while still utilizing the mortgage company’s brand.

Angel Oak Correspondent furthers Angel Oak’s initiative to set the industry standard for innovation in the non-QM market. Following its most successful Q1 ever, with non-QM originations up 82% from the same period a year ago, the company is now exploring new frontiers. Angel Oak Correspondent brings non-QM products to lenders all across the industry.