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We pioneered the resurgence of non-QM and committed our time to educating the market on how and why to use it. It worked and now non-QM is the fastest growing segment in the space. The next step? Making non-QM loans fast and easy to close and delivering exceptional customer service.…
Let your Realtors know not to turn away a borrower because they think they won’t qualify for a conventional loan. Non-QM can save a deal and close as quickly as a conventional loan. Common situations include self-employed people who don’t have tax returns. Our Bank Statement program is perfect for…
If you have been keeping up with mortgage industry news then you know it is almost impossible not to know that non-QM is crushing it this year! Listen to Frank and Brian from the National Real Estate Post talking about it: https://angeloakms.com/non-qm-crushing-90-growth/. If that isn’t reason enough we will…
The population of self-employed people will continue to grow which could mean that the number of borrowers who are self-employed will, too. Did you know that an estimated 30% of the workforce in the United States is self-employed? According to the Bureau of Labor Statistics, about 16 million Americans…
On Jan. 10, 2021, the Consumer Financial Protection Bureau’s (CFPB) “QM Patch” will expire, meaning that Fannie Mae and Freddie Mac will no longer be allowed to back loans for consumers with DTI greater than 43 percent. The impact on loan officers will be dramatic. Tom Hutchens is Senior Vice…
As a member of the Forbes Real Estate Council, I recently wrote about the tremendous future of non-QM lending and I believe my readers of my column in National Mortgage Professional Magazine may benefit from the insights I shared with the Forbes readers. Having witnessed non-QM’s evolution as a safe…