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Today Brings Incredible Opportunity for Smaller Correspondent Lenders

In a turn of events, the correspondent mortgage lending industry is booming – possibly more than ever. Top alternative mortgage lending options have provided a pathway for leading correspondent mortgage lenders to diversify their lineup and provide opportunity to a range of non-prime mortgage clientele they may not have been able to service previously. These correspondent non-Agency mortgage financing options provide business opportunities across the country for the top correspondent mortgage lenders, giving more ambitious and smaller mortgage lending agencies as well as larger institutional lenders an opportunity to grow their business.

Regarding the current housing market, Angel Oak Mortgage Solutions SVP Sales Tom Hutchens comments “The current housing market is pushing home buyers to take advantage of the many deals available. A lot of these home buyers need some type of alternative mortgage loan to be able to buy the home they dream of.”

A Strengthening Housing Market for Correspondent Mortgage Lending

The nation’s housing market, despite the worst fears of political and industry commentators, has only proven more robust and capable than before. According to the Federal Housing Finance Agency, Freddie Mac would be able to survive a worse economic meltdown than the one experienced in 2008. Considering how the downfall of multiple mortgage lenders is considered to have triggered the Great Recession, the confidence of the Federal Reserve that mortgage lenders can weather worse economic climates is a sign that mortgage lenders today are practicing healthy lending standards when making loans to borrowers.

One of the ways this happens is through better credit screening, even in correspondent non-prime mortgage lending. Angel Oak Mortgage Solutions was founded to provide alternative mortgage financing options for wholesale and correspondent mortgage borrowing needs in today’s home financing environment. Each non-prime correspondent mortgage loan is approached from the perspective of how much a non-prime mortgage borrower can afford to pay on a monthly basis – the ability to repay. Meanwhile, larger bank lenders chose to focus and fund only the wholesale mortgage loans that were the absolute safest – making even homebuyers with high incomes and credit scores unable to obtain mortgage loans. “It was in the aftermath of the sub-prime housing crisis. We offered to help the mortgage clientele other mortgage lenders were unwilling to, differentiating Angel Oak from its competitors. We made correspondent alternative mortgage lending an option once again, while keeping it as safe as possible,” reflects Tom Hutchens.

Correspondent Mortgage Non-Prime

Angel Oak Mortgage Solutions is unique in its offering of non-agency correspondent mortgage lending solutions for mortgage correspondents across the country. We are proud to offer our clientele and correspondent mortgage lending partners a unique flexibility and support to the alternative mortgage financing process while applying. By utilizing a streamlined technology platform allowing for paperless submissions as well as the ability to a client’s track loan status with the click of a button, Angel Oak Mortgage Solutions makes applying for correspondent non-prime mortgage financing solutions incredibly simple. Angel Oak Mortgage Solutions also prides itself on quick response times, allowing for a more dependable communication avenue between the alternative mortgage lender, mortgage broker, and non-prime home buyer.

Angel Oak Mortgage Solutions offers a number of top non-prime correspondent mortgage solutions for low credit borrowers.
Click here to find out more about our Correspondent Non-Prime Mortgage Financing Program


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.