Non-QM is growing by leaps and bounds – and originators can't afford to be left behind
The correspondent investor has increased loan amounts and debt-to-income ratios
The company will give loan officers a top-to-bottom overview of its products
A large proportion of loans Wells Fargo sold prior to the financial crisis didn't meet the bank’s own quality standards, authorities say
With record originations, an increase in staff and a major acquisition, Angel Oak is growing by leaps and bounds
The product is good for properties with five or more units, mixed-use or any other business-purpose loan
The investor is also raising LTVs for interest-only loans
Angel Oak's Tom Hutchens talks about how the company is booming – and why now is the right time to dive into non-QM