DSNews The homepage of the servicing industry
Atlanta-based Angel Oak Prime Bridge, LLC (AOPB), a residential investment property lender that provides financing solutions such as fix-and-flip loans now offer wholesale options for mortgage brokers looking to expand offerings to clients with an interest in real estate investing. To spearhead this new effort, AOPB has hired mortgage and wholesale veteran Will Jackson, who has over 20 years’ experience in the industry and a successful track record of managing and leading business efforts in this space, most recently at JP Morgan Chase.
The outlook for the fix-and-flip market shows an incredible opportunity for growth in the years to come. Fundamentals remain on solid footing and markets continue to see robust demand for financing as more borrowers come off the sidelines. With AOPB’s new product suite, brokers will have streamlined access to innovative solutions for borrowers looking to get financing in this space.
“Many brokers we work with are inundated with requests for loans as demand for financing skyrockets. It’s clear that there is an opportunity for brokers to expand their business in this area. Now with Angel Oak, brokers have a simple way to access products that fit the needs of these borrowers,” said Will Jackson. “Our new products are another tool in the belt for brokers looking to expand their offerings and client base.”
The company stated that brokers working with AOPB will be met with the same quality, speed and service that the other Angel Oak companies have come to be recognized for. “We’ve witnessed the demand from brokers looking to expand into different product offerings. Given our expertise and success in the non-QM wholesale channel this new effort will be a seamless experience for brokers. We’ve already built out our staff and support team, we’re ready to bring another great product to brokers,” said Steven Schwalb, Managing Partner, Angel Oak Lending Entities.
This expansion comes on the heels of Angel Oak Companies announcing their record-setting 2018 including the origination of $2.2 billion in non-qualified mortgages.
