Non-QM Loan Deep Dive, with Steve Johnson
Description
Dan and Steve discussed the launch of "Call the Mortgage Guy," an extension of "Call the Underwriter" that focuses on non-QM loans. Steve explained that non-QM loans cater to borrowers who don't meet traditional mortgage criteria, such as self-employed individuals and those with non-traditional income, similar to seller finance borrowers. Dan noted the growing popularity of non-QM loans, which have increased from 1-2% to over 8% of the mortgage market in the last 2 years, as lenders target underserved markets. The expansion into mortgage brokering, enabled by mortgage licensing in states like Colorado, Texas, and Florida, aims to address this growing demand.
For more info on underwriting seller finance loans or get started on a deal go to www.calltheunderwriter.com
For for non-QM loans in TX, FL and CO go to www.callthemortgageguy.com
United States
