Non-QM Loans: How They Work & Your Opportunity

Non QM Loans: How They Work and Your Opportunity

What Are Non-QM Loans? Non-QM Loan is an abbreviation for Non-Qualified Mortgage Loans. These loans do not consider all aspects of a borrower’s capacity to repay a loan, such as income ratios, debt load, credit score, and a variety of other criteria, such as the habitability of the house financing the mortgage. Compare this to […]

Is Your Client a Candidate for Non-QM Loans?

Is Your Client A Candidate For Non-QM Loans?

Borrowers who have been turned down for conventional or government loans frequently believe that their home-buying adventure has come to an end. This is absolutely not the case! Non-QM loans can help borrowers who would otherwise be unable to obtain funding to become homeowners. A non-qualified mortgage is an alternate option for potential clients who […]

How to Become a Mortgage Broker

How to Become a Mortgage Broker

If you’re good with numbers and want to work in the real estate and mortgage industries, you might be interested in becoming a mortgage broker. Knowing what the role entails and what the requirements are can help you pursue this profession more easily. According to data from Glassdoor, mortgage brokers in the United States make […]

Introduction to Non-QM Loans (For Loan Officers & Support Staff)

Intro to Non-QM for Loan Officers and Support Staff

Pretty much every lender will agree that mortgages are not one-size-fits-all. Not every one of your borrowers can claim a qualified mortgage. But do you simply pass up an opportunity of closing just like that? In such a scenario, a Non-Qm loan is your best bet! What Exactly Is a Non-QM Loan? A Non-QM loan, […]

6 Reasons Why Mortgage Brokers Should Consider Non-QM Now

6 Reasons Why Mortgage Brokers Should Consider Non-QM Now

The full extent of the global pandemic’s impact on our country will not be known for some time. However, lenders can employ a wide range of tactics in the meantime. They can cut costs, reduce capacity, and rely on fewer loans to survive. Alternatively, they can stay competitive by adding products to their menu that […]

Non-QM Lenders-The Race To Stay Ahead!

Non-QM Lenders - The Race To Stay Ahead

The abrupt closure of two Non-QM lenders – one that shut down and another that is now under Chapter 11 Bankruptcy protection – may have prompted Flagstar Bank’s warehouse lending division to send out a text message stating that funding advances for Non-QM mortgages will require advance approval. “Effective immediately – Funding advances for Non-QM […]

Navigating The Rising Rates Market

Navigating the Rising Rates Market in Non-QM

Interest rates eventually began to rise, causing a great deal of concern. When interest rates remain near historic lows for lengthy periods of time, it is easy to lose sight of the fact that what goes down must eventually come back up. As an economy recovers, interest rates will normally begin to climb. When this […]

How To Succeed In The Non-Qm Market

How To Succeed in the Non-QM Market

Mortgage rates have returned to pre-COVID levels in early 2022, and fewer customers are eligible for refinances. Home demand continues to outstrip supply, and property values are rising, making affordable housing virtually impossible to find. Originators who have been extremely busy over the previous two years are seeking innovative ways to generate new business in […]

Choosing The Right Mortgage Brokerage To Work For

Choosing the Right Mortgage Brokerage to Work For

So you finally took the step to sign up for the Mortgage Exam, studied diligently, and passed the exam. What happens next? You must pick a mortgage brokerage to join and become licensed with. But… Which Brokerage is the Best Fit for Me? How to select the best mortgage brokerage? If you don’t know what […]