Non-QM Lenders Are Back. But Will Brokers Pick Up The Phone?
By James Kleimann
John Jeanmonod, regional VP of sales here at Angel Oak Mortgage Solutions, is featured in this detailed article published in Housing Wire discussing the non-QM pause, the reluctance for some to get back to utilizing non-QM, and the importance of embracing it to protect referrals.
Month over month growth for non-QM at Angel Oak Mortgage Solutions has been outstanding. The brokers who are utilizing non-QM for refinances AND purchases are in a great position when the refi business slows down. Those they have helped with purchases will refer them to others and they will be ahead of the competition once the “low hanging fruit” refi volume is gone.
We are happy to explain the pause so that there is an understanding of why it happened. Most importantly, though, we are out explaining HOW we can help close business now and in the future with non-QM