Leading correspondent investor was the largest issuer of Non-QM/Investor loans in 2018!
Washington, D.C. – February 5, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has finalized its eighth-rated RMBS (residential mortgage-backed securities) transaction for $254 million. The transaction was VMC’s fifth securitization in 2018.
The transaction was comprised of non-owner-occupied mortgages on 1-4 family properties. The securitization was rated by S&P Global Ratings and Morningstar, and is the second investor-only transaction by Invictus, an investment firm that backs VMC.
“We are quite pleased with how we closed out 2018 and anticipate this year being even stronger in terms of the increasing interest in and demand for non-QM and investor loans,” said Dane Smith, President of VMC.
“Our focus remains on helping lenders grow their businesses with responsible non-QM lending and we are dedicated to purchasing quality loans as efficiently as possible,” Smith added.
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-agency 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 more than $4 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed eight rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.
CONTACT: Amy Hansen
Seroka Public Relations