Five Residential Mortgage Experts Join Verus Mortgage Capital
Verus adds experienced team of specialists to expand Residential Transitional Loan (RTL) focus and other Investor programs
Washington, D.C. – August 29, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has announced the addition of Ketan Parekh, Joseph Kohout, Michael Constas, Chana (Hanna) Gottlieb and Xiaoxiao (Sherry) Overton.
Parekh and his team moved from Window Rock Capital Partners, where they ran the Ventana Home Mortgage conduit that acquired RTLs and other non-QM products. The team will be based in New York and will focus on growing RTL market share and term business loan acquisition for VMC.
“Demand for short-term loans to finance professional home renovations has grown due to our nation’s aging housing stock, tight inventory and limited new construction,” said Dane Smith, President of VMC. “Adding this expert team enhances our current non-QM operation and enables us to better serve our lending partners and their clients.”
“As the market for home renovation loans evolves, it’s important that RTL business is connected to a reliable securitization infrastructure,” Smith added. “As a full-service correspondent investor, VMC is committed to building a robust non-QM portfolio for its correspondent partners, including Renovation Loan, Bridge Loan and Term Rental programs.”
About Verus Mortgage Capital
Founded in 2015, Verus Mortgage Capital (VMC) is a non-QM correspondent investor backed by Invictus Capital Partners, a leading investment firm. VMC purchases loans in all 50 states and the District of Columbia and focuses solely on the non-QM market. It offers correspondent lenders a wide range of home financing products for credit worthy borrowers.
The Washington, D.C.-based company, with operations located in Minneapolis, has purchased $2.6 billion in expanded, non-QM loans since its inception. In addition, through its affiliates, VMC has completed six rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.
CONTACT: Amy Hansen
Seroka Public Relations