Angel Oak plots expansion in non-QM correspondent lending

Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages.

Angel Oak Mortgage Solutions is looking to add to its partnerships with lenders seeking a nonagency correspondent relationship on either the regional or national level, Hutchens said. The loans underlying securities from Angel Oak’s securitizations have had near-prime credit, recent bankruptcies, or been taken out by self-employed borrowers.

Non-QM lender Angel Oak Mortgage Solutions announced on Monday it is boosting its efforts in non-QM correspondent lending following a rise in demand for non-qualified mortgage products.

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The expansion of @Angel Oak Mortgage Solutions’ correspondent lending channel furthers our company’s commitment to providing next-level service to our customer base. @HousingWire explains our strategy at the helm of four new hires: https://bit.ly/2Vqv1hk

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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.

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This brings the total year-to-date non-QM origination to $1.53 billion as of Q3 2018. In addition to the record-setting volume, Angel Oak also added over 100 new hires while continuing its national.

Out of Tennessee comes word that First Community Mortgage (“The Human Mortgage”) is undergoing some organizational changes within its Correspondent. record-breaking 2017, Angel Oak Mortgage.

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Tom is Executive Vice President of Production for Angel Oak Mortgage Solutions, an Atlanta-based wholesale and correspondent lender leading the non-QM space for five years and licensed in 44 states. Tom has over 18 years of experience in leading sales for a wholesale and correspondent lending platform with proven success in the expansion of a.

"Angel Oak continues to pave the way for non-QM lending," said Tom Hutchens, executive vice president of production at Angel Oak Mortgage Solutions. "More national lenders are catching on to the non-QM trend we’ve seen all along. Our correspondent team brings a new level of expertise to keep us ahead of the competition."

Non-QM Drives Growth at angel oak. expansion reported. Sept. 26, 2017. By Mortgage Daily staff. Rapid growth in the origination of home loans that don’t meet the requirements for Qualified Mortgages is driving an expansion at Angel Oak Companies. The Atlanta-based company reported Tuesday that its businesses are on track to collectively originate more than $1 billion in non-QM loans this year.