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How Angel Oak Stays Ahead and Competes with the Institutional Mortgage Lenders – Unique, Alternative, Non-prime Mortgage Financing Options

With every quarter that passes, the mortgage industry and the mortgage lending process is examined by a number of outsiders looking to make the case that the next housing crisis is coming. They are especially looking to serve as watch guards for first-time homebuyers, presenting mortgage loans as relatively risky investment options that can blow up when people least expect it. This has largely been proven wrong over history, however. Alternative mortgage loans can look risky – but mortgage demand remains unchanged as interest rates have fall.

According to the Mortgage Bankers Association, the rise of mortgage applications has steadily risen over the course of the year. The volume of mortgage loan applications now stands 9 percent higher than at this point in time the previous year – a stark jump. Housing, of course, has proven a burgeoning industry and optimistic market since the Great Recession. Mortgage brokers are seizing the opportunity to usher in new business and strike while the pan is hot, proving that home buying is not dead. Home buyers, in turn, are looking to achieve the American Dream and take part in the large upward valuation of home prices over time. As the modern homebuyer looks to settle down and scours for the best possible finance options, brokers simultaneously must seek the most flexible solutions.

With the demand to purchase homes, homebuyers are actually more concerned about the low supply of homes available for purchase. 

“A strengthening economy, healthy consumer balance sheets and low mortgage interest rates are supporting the continued strong demand for residential real estate,” said Frank Martell, president and CEO of CoreLogic, in a statement.

The lender’s perspective on mortgage financing options

One question, of course, is how the mortgage origination firms themselves have fared and feel about the housing market. Institutional lenders, including larger banks, are a natural inclination for many first-time and repeat homebuyers of course, due to a familiarity with the name. There are however many other lenders looking to service the needs of mortgage loan borrowers falling outside of agency guidelines, and thus are unqualified to obtain mortgage loans from the institutional lenders. Enter the world of alternative mortgage financing.

Angel Oak Mortgage Solutions is comprised of a team of qualified mortgage professionals seeking to provide programs specifically tailored toward consumers whose circumstances may not meet standard Agency financing guidelines. These circumstances can be wide-ranging, as for example some borrowers may not meet guidelines simply due to not being a citizen or resident. Other mortgage loan borrowers might find that a small delinquency in payment, or even a short-sale or bankruptcy disqualify them from obtaining a mortgage loan with the institutional buyers. This is not so with Angel Oak Mortgage Solutions.

Alternative mortgage financing

Angel Oak Mortgage Solutions offers unique, alternative mortgage lending programs designed to help mortgage brokers expand your product offerings and grow your businesses. We do this by expanding the possible clientele you can reach – low credit and no-credit mortgage loan borrowers looking to purchase their homes. This is made possible through a more intelligent creditworthiness determination process seeking to determine a borrower’s ability to pay back an alternative mortgage loan, rather than looking solely at their credit scores. We offer the following options for mortgage brokers to close non-prime mortgage loans:

  • Non-Prime/Recent Housing Event Program
  • Portfolio Select/Alt-A Program
  • Bank Statement (Personal or Business) Program
  • Investor Cash Flow Program
  • Foreign National Program
  • Asset Qualifier Program
  • Platinum Program

Angel Oak Mortgage Solutions offers a track record of proven success in providing alternative mortgage financing options, and has worked with mortgage brokers in providing non-prime loans to customers across the country. As our non-prime mortgage broker clients say:

“I really am speechless. I have never worked with such an amazing team in my life. I just have no idea how you got this done for me, but I cannot express enough how appreciative I am. You bent over backwards and I didn’t think that happened anymore. Angel Oak Team, you rocked my world. You made me look so good!! You made this a priority when I know you didn’t have to at all.”
Kat Martin, Senior Loan Officer (Hamilton Group Funding, Inc.)

“We’re able to get people into homes that normally would have to wait for 5 or 7 more years before they could buy. And using Angel Oak’s products we can get them into a house now and no other lender can get that done.”
Kelly Weston, Senior Loan Officer (Options Mortgage Services, LLC)

We provide alternative financing options and services to brokers in more than thirty states. Angel Oak Mortgage Solutions is proud to serve as your go-to team of non-agency lending specialists.
Download our broker package to connect with Angel Oak Mortgage Solutions and take advantage in providing the most customizable financing solutions for your clients.


About Angel Oak Mortgage Solutions

Angel Oak Mortgage Solutions offers non-Agency and specialized mortgage solutions for brokers throughout the country, providing consumers with unique flexibility when applying for home loans. With a technology platform that allows for paperless submission and the ability to track loan status with the click of a button, 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 mortgage professionals who provide programs specifically for consumers whose circumstances may not meet standard Agency financing guidelines. With services available to brokers in more than thirty states, Angel Oak Mortgage Solutions is proud to serve as your team of non-agency lending specialists.

Angel Oak Mortgage Solutions currently offers loans in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Nebraska, New Jersey, New Mexico, Nevada, North Carolina, Oklahoma, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin.