A wholesaler that has capitalized on the origination of loans that don’t meet the requirements for Qualified Mortgages has opened a new Texas facility with plans to hire dozens of new employees.

Atlanta-based Angel Oak Mortgage Solutions LLC claims that it is the largest wholesale and correspondent provider of non-QM loans.

Parent Angel Oak Companies recently reported that non-QM originations from all of its affiliates, including Angel Oak Mortgage Solutions, came to $1.1 billion during 2017.

Source: Mortgage Daily