News of our record growth in 2018 has hit the presses! Inside Mortgage Finance published a great article on our phenomenal growth in volume and the potential for growth in the non-QM market.
A Banner Year for Angel Oak, Firm Doubles Non-QM Production
By Paul Muolo email@example.com
The Angel Oak family of lenders originated $2.2 billion of non-QM mortgages in 2018, doubling its volume from the year prior, according to a statement issued Tuesday morning by the privately held firm. While the A-paper market struggled last year, Angel Oak increased its employee head count to 648 workers, a gain of 53.0%. Angel Oak Managing Partner and Co-CEO Michael Fierman said he continues to see great potential for the non-QM market. During 2018, the firm issued four MBS deals, totaling $1.1 billion. According to a tally from Inside Nonconforming Markets, the Atlanta-based Angel Oak is one of the largest non-prime originators in the nation. Its lending brand names include Angel Oak Mortgage Solutions, Angel Oak Home Loans, Angel Oak Prime Bridge and Angel Oak Commercial Lending.
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