You Can Have Success With Non-QM In Five Easy Steps
Learning and utilizing non-QM is not difficult, especially when you partner with the leader in non-QM, Angel Oak Mortgage Solutions. Angel Oak goes out of their way to make closing loans with non-QM as easy as possible. In fact, they created a PDF for originators listing 5 easy steps to follow for success with non-QM.
Angel Oak Mortgage Solutions is an exclusive non-QM lender and has built a very successful company around non-QM. This is because the demand for the products is so strong in the market. They have helped a significant number of originators grow their business over the years. In today’s volatile market, they are helping many originators protect their volume and referrals. When the Agency market is down and refinance business slow, non-QM is where to look for additional business. Non-QM helps you close loans that you otherwise would not have closed. A great example is closing a loan for a self-employed borrower who can’t qualify using their tax returns due to tax deductions. That borrower can get a loan submitting bank statements instead of tax returns. Angel Oak has a Bank Statement and 1099 Income program that are their most utilized loan products. Many originators prospect just for self-employed borrowers due to the success they have had closing Bank Statement loans.
Originators that utilize non-QM have something else of value to bring to their referral partners. There is always a scenario to share when you close a non-QM loan – because you did something for a borrower that was not going to happen without your help and a non-QM loan. It is a great example to share with your clients on how you are an expert on challenging loan scenarios.
You can download a PDF that details five steps to follow for success using non-QM.
The steps include:
Staying top of mind in social media
The importance of consistent networking
Finding your niche within non-QM programs
Choosing the right non-QM lender
Establishing a personal brand
Get them now!