Angel Oak Home Loans opens non-QM business in new locations

Non-QM lender extends its reach in three states

Angel Oak Home Loans opens non-QM business in new locations

Angel Oak Home Loans, a retail lender offering traditional and non-QM loans, keeps getting bigger and bigger.

The non-QM lender has expanded its foothold across North Carolina, South Carolina and California with the launch of five new branches, including:

  • San Marcos, Calif., led by Sean Casey, SVP and Western regional sales manager
  • Charleston, S.C., led by Ed Powell, SVP of Angel Oak Home Loans’ consumer direct division
  • Columbia, S.C., led by Drew Church, SVP regional sales manager
  • Cheraw, S.C., led by Drew Church, SVP regional sales manager
  • Jacksonville, N.C., led by Brian Mitchell, regional sales manager

Angel Oak’s strategic expansion into these regions comes on the heels of several other office openings across the country, bringing its total number of offices to 52 across 43 states. Late last year, Angel Oak announced three new branches in Aptos, Calif., Carson City, Nev., and Salt Lake City, Utah.

The firm expects the expansion to establish Angel Oak as a growing mortgage lender providing high-quality customer service and alternative loan products for homebuyers who do not meet the strict lending standards of traditional lenders.

“Angel Oak is well equipped to serve borrowers in need of traditional and customized loan products that can help them achieve homeownership,” Casey said. “Housing markets across the country have changed over the past several months, and adaptive solutions are essential. Angel Oak’s diverse products allow us to continue to deliver for homebuyers in different market conditions.”

Read next: “Brokers being short-changed without non-QM”

“We’re pleased to deepen our roots throughout the Carolinas and provide an array of traditional and innovative loan products to more qualified borrowers across the country,” said Mitchell. “We’ve seen a drastic increase in demand and the pace at which homes are being sold, especially in the Southeast. In response, there has also been a strong appetite for ways to streamline the homebuying process, including options that could enable the entire process to be conducted remotely.”

“Angel Oak’s unique products and resources deliver fast results, turning prospective homebuyers into homeowners,” said Church. “It’s a privilege to be able to help qualified borrowers achieve their dreams of homeownership. That’s what really makes Angel Oak unique in the marketplace, and we’ll only continue to enhance those services and abilities going forward.”

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