Angel Oak continues growth in Q2

by Ryan Smith24 Jul 2019

After posting a record-breaking first quarter, Angel Oak Companies’ residential mortgage-lending platform – which includes Angel Oak Home Loans and Angel Oak mortgage Solutions – has reported even more growth in Q2.

The Angel Oak lending platform originated $681 million in the second quarter, a 45% increase from Q2 of 2018, bringing its 2019 origination total to more than $1.2 billion.

“We are excited and grateful to continue our upward trajectory of growth and success within the mortgage lending market,” said Steven Schwalb, managing partner of the Angel Oak lending platform. “Our success is a testament to Angel Oak’s consistent dedication to providing the highest quality of products and services for our clients.

In addition to the growth in originations, Angel Oak Capital Advisors completed a non-QM securitization – its 11th since 2015 – totaling $381 million. The securitization brings the firm’s year-to-date issuance to approximately $1.6 billion.

“As we continue to assert ourselves as industry leaders in the non-agency mortgage space, we hold ourselves to the highest standard of quality and client satisfaction,” said Mike Fierman, co-CEO of Angel Oak Companies. “These uncompromising values take precedence in our company initiatives and have been the backbone of our success.”