Non-QM
Non-QM lender says expansion will allow it to offer more options to mortgage bankers nationwide.
Analyst says expansion of Bank Statement Loan Program just another way to serve the market.
Calls securitization an 'inflection point' for the company.
The $307M Non-QM offering is backed solely by its proprietary Community Mortgages.
Industry veteran Matt Roberts promoted to regional manager focusing on Western states.
Program is designed to assist first-time homebuyers.
Reports strong first quarter with rate lock volume of nearly $3.2 billion.
Company says it can't meet standards and won't appeal decision.
BRAVO Residential Funding Trust 2023-NQM3 is supported by 674 loans with a balance of $302 million.
OBX 2023-NQM3 Trust is a $407.5M securitization backed by 807 mostly Non-QM loans, 22% from SG Capital.