New Angel Oak platform to bolster non-QM market

By Ryan Bolger
28 Jan 2015

Angel Oak Mortgage Solutions is launching an online platform to underwrite non-QM (qualified mortgage) loans which are expected to serve as collateral for new securitizations.

The mortgage aggregator’s mini-correspondent channel will allow lenders to originate non-QM loans to sell to Angel Oak. Originators of the loans will be free from any risks related to representations and warranties or performance, as Angel Oak will act as the underwriter of the loans before purchasing them ...

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