AOMS Adds Account Executives To Meet Increased Non-QM Demand – NMP Skip to main content

AOMS Adds Account Executives To Meet Increased Non-QM Demand

Navi Persaud
Nov 16, 2021

Angel Oak Mortgage Solutions just rolled through a $1 billion quarter and is adding to its growing roster of account executives to meet the current demand for non-QM and company growth.

The company added Patti LoCoco, San Francisco Bay Area; Steve Wessel, Chicago; and Addison Wootton to its team of account executives. 

“Demand for non-QM is continuing to grow as more originators understand the value of offering non-QM. We anticipate the growth to continue through 2022 and are prepared to add staff and resources to optimize efficiency through that growth,” said Tom Hutchens, executive vice president of Production for AOMS.

According to the company, LoCoco is very passionate about connecting and helping people become homeowners. She joined Angel Oak because the market is constantly changing, and it offers dynamic programs that allow borrowers to purchase and refinance a property.

“I would like to provide an opportunity for mortgage brokers to sustain their business and livelihood with economic changes and cycles,” said LoCoco.

Wessel has more than 28 years of professional experience in the mortgage banking arena. According to Angel Oak, Wessel joined the company because of its alternative to standard mortgage solutions.

“My main goal is to always find the best solution for the homebuyer or provide an alternative,” said Wessel.

Wootton will assume the role of inside sales advisor. 

Angel Oak Mortgage Solutions offers non-QM and specialized mortgage solutions for brokers and correspondents throughout the country.

Nov 16, 2021
More from
KBRA Assigns Preliminary Ratings to IMPRL 2021-NQM4

Imperial Fund Mortgage Trust 2021-NQM4 is a $301.2M RMBS transaction comprised of a majority of non-QM loans.

Nov 22, 2021
Fitch Assigns Expected Ratings To COLT 2021-5

Fitch Ratings is expected to rate COLT 2021-5 Mortgage Loan Trust's residential mortgage-backed certificates.

Industry News
Nov 19, 2021
Deephaven, Lender Price Team To Promote Non-QM Loans

Partnership to Leverage Lender Price’s mortgage pricing & underwriting engine with Deephaven’s non-agency products.

Nov 10, 2021
Angel Oak Posts 3Q 2021 Earnings

Non-QM investor purchased $534M in loans in the quarter, increasing portfolio to more than $1B.

Nov 10, 2021
Lakeview, Silver Hill Partner To Expand Investor Loans

Will offer a diverse range of conventional, Non-QM, and small-balance commercial loan products.

Nov 09, 2021
Fitch Assigns Ratings To Starwood Mortgage Residential Trust 2021-5

Fitch Ratings assigned expected ratings to Starwood Mortgage Residential Trust 2021-5, a pool of 644 loans, 54.2% are classified as Non-QM.

Nov 04, 2021