Become a correspondent wholesale non-prime mortgage lending partner
What single wholesale mortgage financing product could boost your lending volume and your business? Wholesale alternative mortgage lending, the way to attract and serve non-prime mortgage customers, is an excellent option in adding potential non-prime borrowers to your lending portfolio and expand the potential of your wholesale mortgage lending business. For home buyers, applying for a mortgage can be a daunting task and requires a lot of checked boxes. Wholesale non-prime is one more step in reassuring homebuyers, especially alternative or non-qm home buyers, that their needs will be met and they will be able to obtain a mortgage loan through your correspondent lending channel.
Serving the non-prime home buyers of today
“Couples often go house shopping first before they even think about the mortgage,” said Lewis at Realtor.com. “But that’s like getting married before your first date! When a couple purchases a home together, lenders will assess the couple’s ability to purchase jointly. One person’s credit or income could affect the couple’s ability to qualify for a mortgage at all.”
How wholesale alternative mortgage financing differs from traditional mortgage lending, of course, is who it is able to serve. Many couples who fall into the alternative of non-QM mortgage lending space become discouraged by the process of obtaining a mortgage loan with their low credit. Top wholesale alternative lending firms like Angel Oak Mortgage Solutions, however, do not solely rely on FICO score or a single credit scoring methodology to determine creditworthiness.
Instead, top wholesale non-prime mortgage lenders focus on the borrower’s ability to pay the mortgage financing product, allowing for a suite of correspondent lending solutions in the non-prime space to become available. Correspondent non-prime mortgage loans, self-employed mortgage loans, and even foreign national mortgage lending products are available through correspondent mortgage lending packages at Angel Oak Mortgage Solutions. For some correspondent lenders, this can greatly expand one’s capacity to serve the non-prime population and grow their businesses.
Become a correspondent lender with Angel Oak
We are delighted to team up with non-delegated correspondents to provide additional lending options available for businesses and borrowers. Our innovative wholesale alternative mortgage lending products are among the top in the industry, providing a high level of service, speed, and mortgage financing options for your non-prime clientele.
Download our Correspondent Package: https://angeloakms.com/correspondent-package/
About Angel Oak Mortgage Solutions
Angel Oak Mortgage Solutions offers non-Agency wholesale mortgage financing options and specialized low-credit wholesale alternative mortgage solutions for brokers throughout the country. We provide brokers mortgage access for low credit consumers, even after a bankruptcy, default, or delinquency. We also provide a unique application flexibility for alternative mortgage applicants when applying for home loans. The technology platform our wholesale alternative lending process is built on allows for paperless submission and the ability to track loan status with the click of a button, and our streamlined operations encourage quick response times, allowing for dependable communication and decision-making.
Angel Oak Mortgage Solutions is comprised of a team of qualified non-prime mortgage professionals who provide wholesale nonprime mortgage lending programs specifically for consumers whose circumstances may not meet standard Agency financing guidelines. With alternative lending services available to brokers in more than thirty states, Angel Oak Mortgage Solutions is proud to serve as your team of non-agency mortgage lending specialists.
Angel Oak Mortgage Solutions currently offers non-prime wholesale mortgage loans in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, New Jersey, New Mexico, Nevada, North Carolina, Oklahoma, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin.