Verus Mortgage Capital Closes 12th and 13th RMBS Transactions

Leading and largest non-QM issuer reaches 2019 securitization volume of $2.6 billion

Washington, D.C. – October 17, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, has recently finalized its 12th and 13th rated RMBS (residential mortgage-backed securities) transactions for $368.9 and $569.1 million respectively. Verus is the largest non-QM issuer with almost $2.6 billion of collateral across five transactions in 2019; and nearly $5 billion overall securitization volume.

The 12th transaction, Verus 2019-INV2, for $368.9 million was comprised of 1,042 loans with an average CLTV of 63.64% and 726 credit score. The 13th transaction, Verus 2019-3, for $569.1 million was comprised of 1,158 loans with CLTV of 70.61% and 708 average credit score. 

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 13 rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.

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Important COVID-19 update from Verus

In light of continued market fluctuation due to the COVID-19 pandemic and the impact it has had on the global economy, effective immediately VMC is suspending all lock and funding activity until further notice. In addition, please note the following: the purchase of any mortgage loan and the final pricing for any mortgage loan offeredRead More

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