Angel Oak Prepares For Increase In Non-QM Borrowers After Pandemic By Phil Hall
Housing Wire published an article talking about how Angel Oak has emerged from the pandemic “with a full-speed-ahead game plan.” We paused non-QM out of caution because we could not adequately assess risk. During that time, we made necessary changes to our guidelines and created new pricing technology to meet the needs of the mortgage industry.
Our commitment to responsible lending and top-notch customer service remains the same. Leaders make changes to meet the needs of their clients and industry. As Tom Hutchens, EVP of Production here at Angel Oak Mortgage Solutions says in the article, “We’re calling it Angel Oak 2.0…… There are always going to be qualified borrowers that do not fit the tight agency and government guidelines. Those borrowers didn’t go away because of COVID-19.”
Angel Oak Mortgage Solutions and non-QM didn’t go away either. It looks a little different now, but we are still here offering quality non-QM products to help credit worthy borrowers achieve their dream of homeownership.
Read the article here.