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Date: 1.17.20 Angel Oak Companies posted another record year in 2019, surpassing $17 billion in assets under management. The firm also completed a record six non-QM securitizations totaling approximately $3.1 billion, exceeding the 2018 volume by about $2 billion. “People want to invest with us because of our vertical integration,…
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.…
Our Bank Statement program was created to help self-employed people purchase a home easily and quickly. After all, according to the Bureau of Labor Statistics, about 16 million Americans are self-employed accounting for 30% of all employees in the U.S. That’s a lot of potential borrowers! We have fine-tuned our…
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 growth of non-QM is projected to be robust again this year and it is still the only area with significant gains in volume in the mortgage industry. If you aren’t utilizing non-QM at this point, you should be concerned about lost deals and missed opportunities. There are many self-employed…
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…
Our goal of going above and beyond to deliver more service, more technology, and more expertise certainly paid off in 2019. As a leader in the non-QM space, we do what leaders do – continuously grow and change to meet the needs of our clients in an ever-changing industry. We…
Tom Hutchens, Executive Vice President of Production, at Angel Oak Mortgage Solutions is featured in the latest issue of Originator Connect. Tom shares projections and information about the favorable market conditions we can look forward to in 2020. Non-QM is still the fasted growing segment in the mortgage industry and…
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…
Our Jumbo Platinum program is even better with an exciting new change. We now offer cash out to 90% LTV! We created this program to help our clients capture more Prime Jumbo business. We have the solution when your borrower can’t get qualified through big banks. Talk to us…
MReport released their list of top 25 mortgage companies and we are proud to be on it! The best part about this recognition is that team members at each company nominated their organizations. Our goal is always to provide a great work culture for our valued staff, technology to…
The news of Angel Oak Mortgage Solution’s recognition as an MReport’s Top25 Companies in Mortgage and Servicing continues to gain coverage. Throughout the year, we have had the honor of many acknowledgements such as the Atlanta Journal Constitution’s Top Workplaces for 2019 for the fifth year in a row, the…
From Jen Du Plessis: In this episode, I chat with Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions, a non-QM lender. Angel Oak operates across the country in 44 states and has found its niche in serving by helping loan officers to explore new opportunities to…
October 3, 2019In this Forbes Real Estate Council article, Angel Oak’s EVP of Production, Tom Hutchens, explains why a robust non-QM market helps support the long-term health of the mortgage industry: Non-qualified mortgages are one of the only areas for growth in the mortgage industry today. As the agency market…
As you look at your bottom line and prospecting, don’t forget that we have an excellent cash out refi program. Reach out to those people you know might be in the position to refinance and let them know you have a lender who can make it happen. Using equity for…
September 20, 2019 Top producers get their clients to feel a sense of urgency about financing a home sooner rather than later. To succeed in a competitive marketplace, the best loan officers get each client to understand that the overall value of buying NOW—to that person or couple—will never be…
Freddie and Fannie have some work to do. According to industry stats, they are undercapitalized. So what happens in the event of foreclosures? So many questions about this means for every broker, Realtor, buyer and anyone in the mortgage industry. This video hosted by NREP covers foreclosures, how they can…
August 26, 2019 Non-Qualified Mortgages (non-QM) are still a small part of the overall mortgage origination market. They represented only about 4% of the total originations market in 2018, according to CoreLogic, yet, in the current lending environment, this segment has seen much more traction, expanding a full…
August 21, 2019 Mortgage Professional America features Tom Hutchens, Angel Oak Mortgage Solutions executive vice president of production, in their latest article about the current refinance market. Rates are the lowest in three years allowing homeowners to save money over the life of their loan by refinancing. What does this…
Brian Stevens of The National Real Estate Post interviews Tom Hutchens, EVP, Production, Angel Oak Mortgage Solutions and John Hsu, Head of Capital Markets, Angel Oak Capital to better understand what the QM Patch expiration actually means. With so much misinformation and myths about the outcome if the CFPB kills it,…
In case you have not heard, the QM Patch expiration is a hot topic right now. It’s set to expire in January of 2021. The patch is often times referred to as the GSE patch because it allows Freddie and Fannie to approve loans with higher DTI ratios than…
We recently hosted a webinar for NAMMBA that we are proud to share. Angel Oak’s John Wise, Regional Sales Manager, presented “Grow Outside the Box Using Non-QM.” Non-QM lending has made a significant impact in the industry and we have achieved phenomenal growth with our innovative products. All we…
We are the only lender exclusively offering non-QM to make Scotsman Guide’s Top Mortgage Lender overall rankings. We are happy to pat ourselves on the back for the latest accolades to come our way! We were mentioned three times in the June edition making it on the Top Account Executive…
Do you want to grow your business but need a new game plan? It could be as simple as rethinking how you go about it and focusing on creating a strategic future. We know that in the mortgage business each month starts at zero. What if we told you…
The reputation of the power of non-qualified mortgage lending across wholesale, retail, and correspondent lending channels is growing. Both borrowers and investors are realizing how top alternative mortgage financing options can provide a relatively safe and profitable channel of mutually beneficial opportunities for wholesale mortgage originators, mortgage brokers, correspondent lenders,…
Part of our mission at Angel Oak Mortgage Solutions is to educate. For more than five years, we have strongly explained why today’s non-QM products are not the sub-prime loans of days past. High-risk, sub-prime mortgages are dead and have been for more than 10 years. Today, borrowers must…
Tom Hutchens, EVP of production here at Angel Oak and Frank Garay, co-host of The National Real Estate Post, have been talking a lot about earning residual income in their webinars. That’s because it is such a simple concept as long as you plan for it. Non-QM plays a…
This webinar epitomizes everything we have set out to do for our customers. Educate on why non-QM is important, how to utilize it and optimize it to grow your business. Our webinar hosted with Frank Garay of NREP on The Residual Income Strategy explains how non-QM leads to repeat…