Non-QM
David Barnes has three decades of experience in mortgage industry
Tyler Gossett has 18 years of experience in the financial services industry.
The residential mortgage-backed certificates are supported by 525 nonprime residential mortgages, with a total balance of approximately $331 million.
UWM said bank statement loans available only for self-employed borrowers seeking up to $3 million and with up to 90% loan-to-value ratio with no mortgage insurance required.
The $315.8 million non-prime RMBS transaction is comprised of 518 residential mortgages, including 58.5% that are non-QM loans.
Reports 2021 full-year net income of $21.1M, or $1.01 per diluted share.
Former mortgage consultant joins non-QM lender to oversee its internal underwriting, wholesale, and correspondent teams.