Skip to main content

Non-QM Is Regaining Strength Following Pandemic-Driven Pains

Navi Persaud
Dec 04, 2020

With companies continuing to reenter the Non-QM market, LOs and brokers can expect more robust tools and products to come.

When COVID-19 pandemic ramped up back in March, the Non-QM market took a huge hit. A few companies paused Non-QM operations but the niche market could not be kept down, nor did many expect it to disappear completely. At the end of March, Rob Chrisman, author of the daily market commentary on current mortgage events, predicted that Non-QM would bounce back but it would take a couple of months; he was right.

Following the brief hiatus, Non-QM was back into the swing of things with companies relaunching old products and even developing some new ones along the way. In his latest report, Chrisman shared a new product that has hit the Non-QM market.

“This week, ReadyPrice announced the addition of Non-QM product availability on their platform confirming Readyprice as the first Pricing and Loan Delivery technology to offer wholesale programs across all product categories,” according to Chrisman's report.

Chrisman also outlined a couple more products for the Non-QM market in his latest roundup for Mortgage News Daily.

“The industry has been waiting for non-QM products to account for a sizeable percent of the overall business,” said Chrisman in his MND roundup.

He went on to outline Carrington's Prime Advantage product, which features up to 90% LTV on Prime Advantage loans for FICOs higher than 720 and more.

With companies continuing to reenter the Non-QM market LOs and brokers can expect more robust tools and products to come.

Want more Non-QM news? We've got a newsletter for you!

Dec 04, 2020
More from
Angel Oak Mortgage Solutions Adds Four New AEs And Two Rehires

Angel Oak Mortgage Solutions added four new account executives to its team and also announced the return of two previous account executives.

Jul 26, 2021
Deephaven Announces New Asset Utilization Options

Non-agency lender Deephaven announced new income qualification options to enable brokers and correspondents to compete for more credit-worthy borrowers who are locked out of agency mortgages.

Jul 21, 2021
Angel Oak Mortgage Solutions Announces Recent AE Hires And Inside Sales Promotion

Angel Oak Mortgage Solutions announced the rehiring of two account executives, as well as a promotion of an inside sales account executive.

Jul 02, 2021
Deephaven Names Two Regional Sales VPs Of Wholesale

Non-QM lender Deephaven Mortgage named Sunny Thiara and Luke Turner as regional sales vice presidents of wholesale.

Jun 24, 2021
A&D Mortgage Issues Securitization, 72 Percent Include Non-QM Loans

A&D Mortgage, together with Imperial Fund, recently closed its second stand-alone securitization following the pandemic.

Jun 16, 2021
Sprout Names New Head Of Distributed Retail

Sprout hired Michael Johnston as the company's new head of distribution retail.

Jun 15, 2021