Non-QM Lender Angel Oak Adds Branches In California, Mississippi

Angel Oak Home Loans, a full-service retail mortgage lender, has opened two new branches — one in Camarillo, Calif., led by Karla Mara, and the other in Hattiesburg, Miss., led by Lesley Ferrell.

With the addition of these branches, Angel Oak now has 51 branches across the country as its national expansion on the retail front continues.

“Borrowers across the United States, and areas with hot housing markets, are in need of innovative loan products that fit their specific financial situation, which is Angel Oak’s specialty,” says Sean Casey, senior vice president and western regional manager at Angel Oak Home Loans. “Angel Oak’s mission is driven by inclusion, which enables us to provide almost any qualified homeowner with a loan product they need to buy their dream home.”

In 2021, Angel Oak opened 19 branches across the U.S. and it plans to challenge that growth this year by continuing to strategically expand, specifically in the West and South. Its focus on innovation, high-quality services, and technology integration have been three key pillars of the lender’s growth — and they will continue to be a focal point this year.

“We have experienced rapid growth in 2021 and the addition of these two branches sets us up for another successful year,” says Mac Cregger, senior vice president and divisional manager at Angel Oak Home Loans. “Angel Oak's ability to pinpoint opportunities for expansion has been a huge advantage, not only to the company, but ultimately for the borrowers we serve. Our company’s expanding presence shows that there is a demand for flexible products to better serve the growing number of homebuyers.”

In addition to traditional products, Angel Oak offers non-QM options for borrowers who do not meet today’s tight bank-lending standards.