Proliferation of Non-QM Propels Sprout Mortgage to Record Year – NMP
Industry News

Proliferation of Non-QM Propels Sprout Mortgage to Record Year

Jan 27, 2020
Sprout Mortgage enhanced its non-QM offerings to include a new max 85% LTV on most loan programs

Sprout Mortgage announced that it capped a company record-setting 2019 with a best-ever month, closing more than $268 million in loans in December. Total Sprout Mortgage loan volume topped $2.78 billion for the calendar year, up 89 percent from its 2018 yearly figure.
 
“Non-QM mortgages are an increasingly vital and growing part of today’s residential finance landscape as consumers, investors and the professionals who serve them demand flexible, customized and readily accessible capital solutions,” said Michael Strauss, Sprout Mortgage president. “I am proud that Sprout has been able to serve its borrowers while maintaining a strong control environment that consistently produces high-quality loans that are rigorously underwritten.“
 
In 2019, Sprout Mortgage added more than 50 sales professionals; expanded its capital markets and servicing teams; increased underwriting and credit quality staff with more than 50 experienced new hires; and launched its proprietary AUS tool (ACORN) and program qualification and pricing tool (iQualifi).
 
“Non-QM is an important topic throughout the mortgage industry,” said Shea Pallante, executive vice president of Sprout Mortgage. “Sprout is capitalizing on that with our focus on innovative products, quality credit, and excellent client experience. We estimate that we’ve captured more than 10 percent of today’s market and we expect to continue to provide industry leadership in the months and years ahead as the non-QM market grows.”
 
Recently, Sprout Mortgage added to its ranks with the additions of Gregory Walker as chief compliance officer and general counsel, and Ron Krueger as SVP of correspondent lending.
 
About the author
NationalMortgageProfessional.com
Link copied
Published
Jan 27, 2020
Get the NMP Daily
Analysis and Data
Redfin: Homebuyers Gain Leverage, But Pending Sales Keep Sliding

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...

Continue reading
Tech
New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News
Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News
Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News
Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News
Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News
Oct 09, 2026
Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Industry News
Oct 08, 2026