Verus Mortgage Capital Completes $609.2 Million RMBS Transaction

Top non-QM securitizer pushes volume to approximately $4 billion

Washington, D.C. – June 12, 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 11th rated RMBS (residential mortgage-backed securities) transaction for $609.2 million.

The transaction was comprised of 1,204 loans with an average LTV of 70% and 710 credit score.

To date, Verus is the top non-QM securitizer and for 2019, it has been the largest non-QM issuer with $1.6 billion of collateral across three transactions. This transaction was the investor’s second largest in its history, and raises the company’s overall securitization volume to approximately $4 billion.

“We are excited with the level of activity we’re seeing this year, and we expect strong interest in and demand for non-QM activity to continue throughout the remainder of the year,” said Dane Smith, President of VMC. “We remain dedicated to assisting correspondent originators with growing their businesses with responsible non-QM solutions and are committed to efficiently purchasing quality loans,” 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 in excess of $5 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 11 rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.
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Verus Mortgage Capital New Prime Jumbo Program

Washington, D.C. – September 22, 2020 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor rental programs, has just introduced its new Prime Jumbo Program that offers low rates for high-valued homes where loan balances exceed agency limits. VMC’s Prime Jumbo Program’s features include loan amounts up to $3 million,Read More

How to respond to conditions

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

How to submit bank statements

Watch this short video for instructions on how to submit bank statements to Verus.

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