Non-QM

Q&A: LoanScoreCardÕ Ben Wu on the rise of non-QM lending 

In a Q&A with HousingWire, Ben Wu, executive director of LoanScorecard, discusses the recent surge in non-agency/non-QM mortgage lending, the challenges in that market and how technology can be utilized to help lenders with these challenges. As Wu points out, “With more than 20 million sole proprietors in the U.S., there is pent-up demand for mortgage product that can accept income documentation other than the ‘Appendix Q’ requirement of QM loans.”