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The securitization worth $580.47 million is Angel Oak Mortgage Trust's first of 2023.
Non-QM lender selling ‘brick-and-mortar’ locations, staff to Cross Country Mortgage.
Cut come two weeks after Angel Oak Mortgage Solutions reduced staff by 20%.
Locations include three in South Carolina and one each in North Carolina and California.
The retail mortgage lender opens its first two branches in 2022 and plans to open more this year.
Continues expansion in Western U.S. with new branches in California, Nevada & Utah.
