EFI Completes $426M Non-QM Loan Securitization – NMP
Non-QM

EFI Completes $426M Non-QM Loan Securitization

Apr 20, 2022
Ellington Financial Mortgage Trust Logo

The company acquired the majority of the non-QM loans from LendSure Mortgage Corp. and American Heritage Lending.

Ellington Financial Inc. (EFI) said Wednesday it has closed a $426 million securitization backed by a pool of non-qualified residential mortgage, or non-QM, loans. 

The company originally acquired the majority of the non-QM loans from LendSure Mortgage Corp. and American Heritage Lending, LLC, two mortgage originators in which EFI holds strategic equity investments.

The securitization was rated by both Fitch and KBRA, with the senior tranche receiving AAA ratings, EFI said. The company retained certain tranches of the securitization in order to comply with credit risk retention rules, and also retained the option to call the securitization at any time following the optional redemption date.

EFI invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans, and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments. The company is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

LendSure is a privately held financial services company engaged in originating residential mortgage loans, primarily on a wholesale basis.Founded in March 2015, LendSure is based in San Diego.

American Heritage is a privately held mortgage originator that lends through retail and wholesale channels nationwide. Founded in 2008, it is headquartered in Irvine, Calif.

non-QM loans
Ellington Financial
About the author
A headshot of David Krechevsky
David Krechevsky was an editor at NMP.
Link copied
Published
Apr 20, 2022
Get the NMP Daily
Courts
Six MLSs Sue Compass In Listing Fight With Stakes For Purchase Lenders

The dispute over publicly marketed homes comes amid a Compass–Rocket alliance linking home search, buyer inquiries, and financing offers

Six multiple listing services have sued Compass over its demands that they stop penalizing agents who publicly market homes without sharing the listings through the MLS, escalating a dispute over who gets access to for-sale inventory and when.The lawsuit, filed Oct. 21 in th...

Continue reading
Military Lending
More Buyers Expect Higher Rates. Fewer Would Wait.

Veterans United’s survey finds less willingness to hold out for lower rates, but little change in purchase timelines

Prospective homebuyers are growing more pessimistic about interest rates, and less inclined to wait for relief.In Veterans United Home Loans’ latest survey, 57% expect interest rates to rise over the next year, up from 45% a year earlier. Yet the share who would consider wai...

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
Non-QM
Investor Homebuying Slows, Small Buyers Claim Biggest Share In 15 Years

Smaller investors accounted for 66.2% of investor purchases in the first half of 2026 and relied on cash much less often than mega-investors

Analysis and Data
Oct 22, 2026
For The Love Of Mortgage

Nearly four decades in lending have reinforced a veteran’s conviction: lasting success comes from solving borrower problems, adapting, and earning trust

Opinion
Oct 21, 2026
The Non-QM Opportunity Beyond The Rate Conversation

For business owners and investors, purchase price, negotiating power, and cash flow can create reasons to buy before rates fall

Opinion
Oct 21, 2026
Carrington, Newfi Stress Non-QM Staying Power

Both lenders point to financial strength and continued investment in broker partnerships amid rising rates, even while Non-QM production grows

Non-QM
Oct 14, 2026
Non-QM Locks Defy September Slowdown, ARM Share Hits Seven-Year High

Non-QM lock volume rose 8% from August while overall activity declined, and adjustable-rate loans captured their largest share since Optimal Blue’s tracking began in 2019

Non-QM
Oct 13, 2026
Conventional Credit Tightens While Non-QM Gains Ground

Lenders pulled back on cash-out refinance and investor loan offerings in September, even as non-agency programs continued to support the jumbo market, and Non-QM lending gained market share

Non-QM
Oct 09, 2026