Deephaven’s record-breaking month driven by non-QM business
Deephaven is finding success through non-QM loans, second liens and home equity options as gig economy workers seek mortgage solutions.
Non-QM
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Union Home Mortgage expands non-QM offerings with launch of Platinum products
Through UHM Platinum, investors will have access to products including bank-statement loans and debt-service-coverage ratio loans.
PHH Mortgage unveils revamped non-QM options
PHH Mortgage introduces FlexIQ, a new non-QM product suite, to enhance non-agency offerings and support diverse borrowers.
Non-QM lender Griffin Funding unveils AI-driven underwriting platform
The tool pulls hundreds of pages of program guidelines into a single system and uses AI to deliver answers to loan qualification questions.
Acra Lending appoints Shawn Stone new CEO
Shawn Stone is taking on the role and succeeds current CEO Keith Lind, who is transitioning to chairman of the board.
Logan Finance promotes Dave Weatherford to TPO executive role
Weatherford, who joined Logan Finance at the tail end of 2023, is now tasked with supporting cross-channel production initiatives
Logan Finance launches new product suite for non-QM borrowers
The launch comes at a time when traditional underwriting is struggling to meet a rapidly evolving borrower landscape, the company said.
Prudent AI debuts non-QM underwriting tool
The tool applies investor-specific guidelines during initial evaluations, offering lenders and brokers an earlier look at a loan’s viability.
Arrive Home introduces new versions of its Earned Equity Program
The program is now available in two separate products designed for two different groups of borrowers: EEP Pathway and EEP DocLight
How Rate wants to close its ‘massive gap’ in the non-QM space
The company plans to double production in the segment in 2025. It launched a new suite of products, will be aggressive in pricing and is training LOs.