Verus Mortgage Capital Doubles Issuance, Increases Bond Investor Participation by 60 Percent in 2019

Leading non-QM issuer closed 14th and 15th RMBS Transactions

Washington, D.C. – January 6, 2020 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, finished 2019 strong. It recently finalized its 14th and 15th rated RMBS (residential mortgage-backed securities) transactions for $533.5 million and $680.7 million respectively.

Verus is the largest non-QM issuer with almost $3.8 billion of collateral across seven transactions in 2019 and 15 transactions overall, and nearly $6 billion overall securitization volume. Compared to 2018, Verus has more than doubled its shelf issuance and increased participation from unique bond investors by more than 60%.

The 14th transaction, Verus 2019-INV3, for $533.5 million was comprised of 1,564 investor loans. The 15th transaction, Verus 2019-4, for $680.7 million was comprised of 1,451 loans.

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 $6 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 15 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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