In this National Mortgage News story, CEO Steven Schwalb discusses how the pandemic and growth trends have shaped the prime jumbo mortgage market and leveraged nonbanks' position this year. By, Brad Finklestein (Read The Full Article) "The prime jumbo mortgage business is likely to benefit from the Consumer Financial Protection Bureau's recent revisions to the Qualified Mortgage and Ability-to-Repay rules, which loosen certain standards established after the financial crisis. But those offering...

  Do you have clients who are self-employed or a 1099 earner wanting to purchase a home or refinance but not sure how it works based on these circumstances? We understand and that is why we have a loan product created specifically just for them. It’s called a Bank Statement home loan and those who are eligible can qualify using personal or business statements. We do not require income or tax...

  Are you self-employed or a 1099 earner wanting to purchase a home or refinance but not sure how it works based on your circumstances? We understand and that is why we have a loan product created specifically just for you. It’s called a Bank Statement home loan and those who are eligible can qualify using personal or business statements. We do not require income or tax returns. People with 1099s...

Our 2020 President Club winners have been announced! Congratulations to the licensed mortgage advisors who achieved outstanding sales results to qualify for President's Club. We are proud of each of you and your commitment to raising the bar! Those named to President's Club are licensed mortgage advisors who went above and beyond to earn the distinction and award. They are experts who achieved outstanding sales results and helped a significant number...

There is a lot of talk in the industry about 2020 being the year for non-QM. Even though it’s the fastest growing segment in the mortgage industry, many people are still unfamiliar with non-QM mortgage products. Angel Oak Home Loans offers non-QM in our portfolio suite of products along with traditional financing. Chances are you will hear about the benefits of it over and over this year and it could help...

You can create inviting curb appeal even with snow covering the lawn, brown dormant lawns, bare trees or plants void of blooms. It doesn’t have to be costly, either, to make your investment look its best year-round. Here are some great ideas to make you smile every time you pull up to your home this winter. Look to colorful potted evergreens or plants with berries that can withstand cold. Enhance...

Real estate will be a top choice to invest in this year which is great news for investors. There are changes, though, that your investor clients need to know before they go to get a loan. Fannie Mae no longer allows buyers to qualify using the proposed rental income on non-owner occupied purchases unless they have a minimum of one year as a landlord. The same is true for...

Our goal of going above and beyond for our clients certainly paid off in 2019. Our company is known as industry leaders who offer innovative mortgage loan solutions to help more people achieve homeownership. As well, we continuously grow and change to meet the needs of our clients in an ever-changing industry. Along with traditional loan financing, we offer a portfolio suite of options comprised of non-QM products. Our non-QM...

This time of the year many people are budgeting and figuring out how to save money to improve their fiscal health. One great way to do that is to refinance your mortgage. A refinance can help save a lot of money over the life of a loan and could even lower your monthly payment. Refinancing can also help with: Using a cash-out refinance to pay for tuition, business, or home renovation ...

Angel Oak Home Loans is excited to welcome Ed Powell as one of our new Regional Managers. Ed has an extensive background in consumer direct that will bring immense value to our company. He previously led a team of 50 loan officers and originated over $1.6 billion in 2019. Ed will lead our new consumer direct division in Charlotte, North Carolina. This allows our Charlotte branch to expand in order to...