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

Director of Events
Jun 16, 2021

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

A&D Mortgage in conjunction with Imperial Fund, closed its second stand-alone securitization post the pandemic. The securitization was for mortgage loans originated and serviced by A&D Mortgage, the primary servicer of the loans. S&P and DBRS Morningstar rated the securitization, and the deal was closed on Friday, June 11, 2021.

The securitization market has been instrumental in expanding A&D Mortgage's ability to conduct transactions on a repeat basis within the mortgage industry, according to the company. 

“With the backing of securitization, A&D Mortgage is a market driver in the Non-QM arena,” said Max Slyusarchuk, founder and CEO of A&D Mortgage, “We have the ability to create our own products, allowing us to serve more people and communities throughout the nation.”

The S&P and DBRS Morningstar ratings were assigned to fixed- and adjustable-rate prime and non-prime first-lien residential mortgages. Mortgage Pass-Through Certificates, Series 2021-NQM1, funded the mortgages. The Certificates are backed by 493 loans with a principal balance totaling $214,223,458 as of May 1, 2021, or the Cut-Off Date. Non-QM loans make up approximately 72% of the pool, with 28% of the pool being ATR-exempt investor property loans.

As a wholesale lender, A&D offers a full spectrum of conventional, government, prime jumbo, and Non-QM loan products. A&D Mortgage offers programs for self-employed borrowers, small business owners, and independent contractors. They also offer products for prime borrowers, foreign national borrowers, as well as borrowers with less-than-perfect credit. In addition, DSCR programs with no income verification requirement are offered for investment property loans. 

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jun 16, 2021
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