Verus Mortgage Capital Completes $372 Million Investor Loan RMBS Transaction

Largest INV transaction completed by investor


Washington, D.C. – April 23, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, has finalized its 10th rated RMBS (residential mortgage-backed securities) transaction for $372 million. Verus 2019-INV1 was VMC’s largest investor loan transaction to date and the third transaction issued by Verus that was backed by non-owner occupied rental loans.

The transaction was comprised of 976 loans with an average balance of $380,000, LTV of 63% and 727 credit score.

“Demand for investor loans continues to grow,” said Dane Smith, President of VMC. “Verus is focused on building an active investor lending and non-QM market with expansive program offerings, establishing strong partnerships with correspondent originators and answering the needs of underserved, creditworthy borrowers.”

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 in excess of $5 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 10 rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.

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How to respond to conditions

This short video will review how to respond to conditions pre and post close.

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