Tagged: Sprout Mortgage
Non-QM lender was doing $380M/month in loan volume, former executive says.
More than 300 employees laid off during a conference call this afternoon.
Dean Ayres has been promoted to western regional vice president and Scott Wood has been named western regional manager.
Sprout Mortgage has added to its line of automation tools for digital mortgages with the release of its third originator-focused mortgage tool.
Sprout hired Michael Johnston as the company's new head of distributed retail.
Sprout Mortgage is a nationally recognized leader in Non-QM lending. We successfully deliver uncommonly good solutions to customers whose home financing needs aren’t commonly met elsewhere. We help real estate investors, customers needing Jumbo loans, and self-employed professionals secure easy and uncomplicated financing solutions. We also provide conventional lending solutions for all.
We do this well because of our flexible technology. iQualifi, our proprietary pricing engine, helps mortgage professionals quickly and easily identify Sprout loan products that may work for their customers, from comprehensive options. iAnalyze, our proprietary bank statement assessment tool, efficiently analyzes complex bank statements to quantify and recognize income from those who don’t receive W-2s. Additionally, ACORN, our proprietary automated underwriting system (AUS), originates Prime Jumbo and Non-QM loans with the ease of DU and LP.
This technology helps us deliver flexible and expansive financing - modern lending solutions to meet the dynamic needs of today’s customers. Our Non-QM roots anchor us in flexible qualifying criteria, common-sense underwriting, and simple, tailored lending solutions at competitive prices. Our client-focused customer service spurs our exponential growth. Our trend setting products include Bank Statement, Asset Depletion, Debt Service Coverage, Prime Jumbo to $10M, Mixed-Use, Foreign Investor, I/O 40 Advantage, Condotels and more! We provide solutions for Entrepreneurs, Self-Employed, Gig Workers, People with Substantial Assets and Modest Income, Upwardly Mobile Professionals with Minimal Savings, Real Estate Investors, and Foreign Investors. Give us a call – we can do it all!
NMLS# 1844521.
Licensed in:
AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NC ND OH OK OR PA RI SC SD TN TX UT VA WA WV WI WY
