HousingWire On How Angel Oak Mortgage Solutions Non-QM Products Give Brokers The Opportunity To Diversify Their Offerings
At the beginning of the pandemic, some lenders avoided non-QM loans because without a government guarantee backing them, they were considered risky. It was also difficult to truly determine a borrower’s ability to repay. But now, as the housing market remains stable, non-QM products are making a comeback.
However, while non-QM lending gives lenders the opportunity to diversify their product offerings, there is still some hesitancy across the industry. There are still many originators who do not understand non-QM and count on refinance volume and Agency business to get them through.
Angel Oak Mortgage Solutions offers alternative specialized mortgage solutions for brokers and correspondent lenders throughout the country to grow their business so borrowers who don’t fit conventional guidelines can get matched with the right loan.