Angel Oak Mortgage Solutions Launches Industry-First Rental AVM for DSCR Loans
ATLANTA–(BUSINESS WIRE)–Angel Oak Mortgage Solutions LLC, NMLS ID #1160240, a leading nonbank wholesale and correspondent non-qualified mortgage (non-QM) lender, today announced a groundbreaking enhancement to its debt service coverage ratio (DSCR) loan program — the launch of a rental automated valuation model (AVM). This new technological enhancement, incorporating Clear Capital’s Rental AVM, marks an industry first, instantly estimating data-backed rental income for rental property calculations held through closing, delivering unprecedented certainty and speed to brokers and borrowers alike.
Once a pre-qualification is submitted and meets credit requirements, Angel Oak’s system instantly generates a rental AVM figure for the property. That number is then locked in for the loan term, barring significant changes, giving brokers and borrowers confidence that the loan will close under the agreed parameters. While other lenders have to wait for a physical appraisal to determine the actual DSCR, Angel Oak’s rental AVM determines that upfront, ultimately helping borrowers reach closing faster.