Mr. Schwalb is the CEO and Managing Partner of Angel Oak Home Loans (AOHL). He has more than 20 years of experience in financial services, specifically, in residential lending. His primary responsibilities include developing and implementing AOHL’s strategic plan and management oversight of Angel Oak’s lending platforms. He is responsible for maintaining all capital market relationships and has been instrumental in executing growth opportunities for AOHL in agency approvals, servicing and securitization.
Mr. Schwalb also co-founded Angel Oak Mortgage Solutions, a non-agency wholesale and correspondent mortgage lender, and Angel Oak Prime Bridge, a commercial residential lender providing financing solutions for real estate investors. In 2015, Angel Oak originated over $1 billion in mortgages across the lending companies.
He recently played an integral role in Angel Oak’s first securitization of non-prime whole loans, which was a collaborative effort between sister companies Angel Oak Mortgage Solutions, Angel Oak Capital Advisors, LLC and AOHL. The approximate $150 million securitization of Angel Oak originated loans was one of the largest mortgage securitizations since the 2008 financial crisis.
Mr. Schwalb co-founded AOHL in 2011 in an effort to fill the void in residential lending left behind after the financial crisis. Under his leadership, AOHL has broadened its product mix across both agency and non-agency mortgages and they now originate more than $600 million of loans annually.
Prior to Angel Oak, Mr. Schwalb was the Senior Vice President of Capital Markets at SouthStar Funding, a national wholesale mortgage lender specializing in non-agency mortgage products. His primary responsibilities included product development, risk management, operations and investor relations. During Mr. Schwalb’s tenure, he oversaw 135 employees and SouthStar’s monthly production grew from $25 million to $720 million.
Mr. Schwalb frequently serves as a panelist for many industry-related discussions. He holds both a BS in Finance and an MBA from Louisiana State University.
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