It seems that many people out there automatically think of bank statement loans when they hear non-QM. Our bank statement product is an excellent solution for self-employed borrowers and it has helped many Realtors and originators save deals that were about to fall through. However, bank statement alone has not fueled our growth. We offer so much more. Many of our clients use all of our products because they have many customers asking for help outside of conventional financing. It’s a good thing we offer more than bank statement loans because we would be missing out on the demand and would not be reporting gains month over month and year over year.
Andrew Berman with Mortgage News Network hosts an interview with Angel Oak’s Tom Hutchens, EVP of production, and Mel Freyre, SVP of wholesale sales, encouraging mortgage professionals to utilize all non-QM products. Our company only does non-QM exclusively and we doubled our growth in volume in 2018. Not too many mortgage companies out there are reporting the numbers we have.
For those who are still reluctant we say just give us a call. It is our job to educate and navigate any of our clients through the process. We can tell you how to promote it and we can help. Call us to deliver a presentation for you and your referral partners. It is amazing how many Realtors do not know about these products and they have missed many transactions as a result.
Watch this video and if you have been turning away borrowers or have had deals fall through it’s time to give us a call. All of those lost deals and potential deals add up to money lost. Grow your business, referrals, and volume with non-QM!