Company secures licensing in the state, expanding its reach
Non-QM lender A&D Mortgage has expanded its operations into Iowa after securing licensing in the state.
The move enables the company to offer its conventional, non-QM, and government-backed loan products to residents of the state. This initiative is part of the company’s broader strategy to extend its reach to more homeowners and potential buyers.
“A&D Mortgage’s entry into the Iowa market marks a new chapter in our journey to provide innovative and customer-centric mortgage products across the United States,” said A&D Mortgage CEO Max Slyusarchuk. “We understand the unique financial needs of homeowners and buyers in Iowa, and we’re excited to offer them mortgage solutions that are both flexible and competitive.”
A&D Mortgage specializes in non-QM loans, including its prime jumbo mortgages and programs for prime borrowers, foreign national borrowers, and those with imperfect credit histories. It also provides loan programs without income verification for investment property loans.
Last month, A&D closed a $417.42 million securitization, comprised mainly of non-QM loans. Around 90.8% of the pool loans were originated by A&D Mortgage, while 9.2% were from the mortgage lenders’ correspondent lenders.
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