Acra Lending Receives Positive Outlook From Morningstar DBRS

Morningstar DBRS has upgraded its MOR RO2 residential mortgage originator ranking for Non-Qualified mortgage (Non-QM) lender Acra Lending from “stable” to “positive.”

According to Morningstar DBRS, the MOR RO2 residential mortgage originator ranking "reflects Acra’s experienced and stable management team, solid underwriting processes, strong risk and compliance culture, and highly integrated technology infrastructure."

Morningstar DBRS also noted that the change in trend to positive from stable reflects Acra’s ability to effectively manage its operations and its demonstrated ability to achieve year-over-year growth in originations in a challenging economic environment.

The rating service also recognized Acra's continual investment in technology, citing the January 2024 release of a loan origination ecosystem. "Acra remains focused on optimizing its origination processes,” DBRS said. “To this end, the company continues to closely monitor and align staffing levels in line with origination volumes, operational efficiencies and profitability.”

The California-headquartered lender has originated over $12.3 billion in Non-QM, fix-and-flip, bridge, multifamily and other loans since 2013.