has announced 2019 Q2 results along with enterprise expansion and direct channel non-QM originations of $48,660,910.00 for the second quarter of 2019.
“We had a great quarter and continue to build our operational capabilities to accelerate origination volume in the coming quarters,” said John Lynch, CEO and founder of PCMA. “PCMA delivered strong performance in the non-QM space during the quarter with nearly $50 Million of direct-to-consumer originations and a 12-month origination volume of $169,063,680, accounting for a growth rate of 25 percent year-over-year.”
In the second quarter, PCMA made significant strides in expanding capital market capabilities and secondary relationships, the soft launch of their proprietary channel partner network and the opening of new operational office space to accommodate the anticipated growth in the second half of 2019.
“PCMA Private Client Lending performance in the second quarter further demonstrates the business opportunity in the non-bank private client lending category that we uncovered in the non-QM space,” said Lynch.
In Q2, PCMA soft launched a future focused wholesale platform operating on platform principals of indirect channel business models invented by big tech global sales channels using corporate IP and operation scale to help independent mortgage professionals grow market share in the private client lending communities they serve.
Direct channel originations have continued to improve quarter to quarter, with second quarter production numbers that average $838,981.21 per transaction, an average FICO score of 726 and an average LTV of 61.60 percent. PCMA will continue to see loan volume growth with the launch of their proprietary Channel Partner Network along with continued expansion in key geographic locations throughout California and western states with high concentrations of high capacity consumers.
“Our obsession to bring a new approach to everything we do is what will continue to drive us in the third quarter and continue to promote the market opportunity of Non-Bank Private Client Lending,” said Lynch.