Angel Oak Adds Five New AEs

Jul 26, 2017

Fresh off its second rated securitization in 2017 of non-QM loans by Angel Oak Capital, Angel Oak Mortgage Solutions has announced the addition of five Account Executives to help originators grow their business across the country. David Hill joined in Atlanta; Gerica Coad in Sacramento, Calif., along with Sal Perez (Inside Sales); and coming on board in Florida, Stacy Flanigan in Tampa and Denise Perez in Ft. Lauderdale.

“I joined Angel Oak Mortgage Solutions to be part of an innovative, industry-leading organization. I love being with a team focused on providing lending solutions and excellent service to our clients,” said Coad.

“The only true leader in the non-QM market right now is Angel Oak,” said Flanigan, who was previously an AE for three years. “They are truly years ahead of anyone else trying to enter this market. The people, the culture, the management and commitment from everyone here is top notch. Angel Oak has made a huge footprint as the leader in non-prime and I am so happy to be back.”

With aggressive growth plans for 2017, Angel Oak is continuing to hire AEs in markets across the country and underwriters/support staff in their Atlanta headquarters.

“We have continued to see increased understanding and acceptance of non-QM programs based on production from originators as well as interest from investors,” said Tom Hutchens, Senior Vice President of Sales and Marketing for Angel Oak. “We continue to believe this space has tremendous growth opportunities and look forward to this new batch of talented Account Executives helping spread the message to our broker partners.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Jul 26, 2017

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....