Mortgage lending volumes may be down across the board, but the non-QM space continues to outpace the rest of the mortgage market.

One clear leader is emerging in this burgeoning lending space: Angel Oak Companies and its affiliates.

Angel Oak Mortgage Solutions, Angel Oak Home Loans and Angel Oak Prime Bridge, all combined for over $512 million in non-QM originations in the second quarter.

That figure represents a 52% increase in volume from Q1 2018 (the previous record for originations in a single quarter) and a 90% increase over Q2 2017. 

In addition to record-setting volume, the company also grew its staff by 25%, and opened new offices.

“Loan officers, borrowers and Realtors across the country are seeking out Angel Oak because they know we offer the best non-QM products and service in the industry,” says Mike Fierman, co-CEO of Angel Oak Companies.

Non-QM loans are mortgage that don’t conform to federal guidelines. So, without the financing options of FHA, Fannie or Freddie, how does Angel Oak maintain its liquidity?

Here’s how: Angel Oak Capital Advisors, the investment management affiliate of Angel Oak Companies, recently completed the largest non-QM securitization in company history – a $402 million securitization.

Since 2015, Angel Oak Capital Advisors has successfully completed seven non-QM securitizations, accounting for approximately $1.6 billion in total securitized residential loans largely backed by mortgages originated through its affiliated mortgage lenders.

“We’re growing in every aspect of our business,” says Fierman. “We don’t see that slowing anytime soon. In fact, we believe this is only the beginning.”