Marr, a 23-year veteran in correspondent lending, worked for Freedom Mortgage’s correspondent lending division in the southeast prior to joining Angel Oak.
“Angel Oak’s reputation attracted me to the company, but it’s really the growth potential for non-QM
that sealed the deal,” Marr said. “Lenders understand that today’s non-QM
market is different and their comfort level with the products continues to grow.”
Last year, the Atlanta-based mortgage lender had a record of over $1 billion originated loans in 33 states.
“There is a real sense of urgency in the non-QM
market right now,” said Tom Hutchens, Angel Oak senior vice president of sales and marketing. “Lenders of all sizes are realizing that non-QM
products can help them grow their business by reaching new customers. We are seeing more and more mortgage banks offer these products, which is why we are so excited to have Sean join the Angel Oak team.”
Angel Oak completes $132.65 million nonprime securitization
Angel Oak named 5-Star Lender
Sean M. Marr is Angel Oak Mortgage Solutions’ new director of correspondent lending, according to a news release.